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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (37648)8/3/2005 12:06:36 PM
From: Ramsey Su  Read Replies (3) | Respond to of 110194
 
lasvegashomes.com

something happened to this website?

The for sale inventory dropped by about 5000 listings in the last couple of days.



To: russwinter who wrote (37648)8/3/2005 12:10:42 PM
From: Ramsey Su  Read Replies (3) | Respond to of 110194
 
I had lunch with a Wamu loan guy yesterday (along with famous celebrity who sometimes post here).

So I asked him about all the aggressive lending practices common in the industry today, such as 100% financing.

He said Wamu would not do anything like that. I followed up and ask him what is the lowest down payment Wamu would do?

3%

I bursted out laughing.



To: russwinter who wrote (37648)8/3/2005 1:25:18 PM
From: John Vosilla  Read Replies (2) | Respond to of 110194
 
So who takes the fall on all this subprime debt when it gets crammed down?