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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (35371)	7/15/2005 9:52:45 AM
From: John Vosilla	Respond to of 306849

"Regulators say they plan to raise many of the same concerns this fall that they have already raised about home-equity loans. The areas they find worrisome include granting loans equal to 100 percent of the value of the homes; granting large loans without due attention to the likelihood of higher monthly payments in the future; and granting "no-doc" (no documentation) or "low-doc" loans that require little or no proof of income or assets" Yes, I have absolutely no sympathy either. Equal blame needs to be shared by the regulators and the politicians at the controls. I find it very interesting the longer this goes on, the flatter the yield curve, the more jawboning by ivory tower folks, the more out of control it has become and the more mortgage broker pimps there are with their own radio shows pushing 1% payment rates that temporarily cash flow on investment property that they say will continue to appreciate dramatically in the near future.