The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MulhollandDrive who wrote (87140)	8/26/2007 7:06:33 PM
From: Live2Sail	Read Replies (2) of 306849

eally? i'm curious.... would you settle for 10% if you felt the underlying collateral was a declining asset? personally, i think that is a LOT of risk to take on, for what, 5% over a no risk CD the mortgage lender Hudson City, i posted about earlier, is and HAS been required around 40% downpayment on $1M and over loans.. they will do just fine in the coming downdraft of 'impaired valuation' for underlying collateral, obviously. and Hudson is only getting 6.83% (as you stated), so why would getting 10% be bad? You only care about the collateral if the debtor can't pay. I'm only going to loan to excellent credits. This is a good, maybe great, time to have the ability to make loans because you can be choosy due to the reduced competition. So why is 6.83 good for Hudson, but 10% would be bad for me?

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