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

To: Ramsey Su who wrote (57568)	4/5/2006 7:57:42 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 110194

>>this is not a decline, it is falling off the cliff.<< Spectacular, simply spectacular.<G> Orders for Lyon were similarly afflicted.

To: Ramsey Su who wrote (57568)	4/5/2006 8:14:46 PM
From: sciAticA errAticA	Read Replies (1) \| Respond to of 110194

re: falling off the cliff ... gonna be a bad dream for lots of workers -- especially where RE has been so very hot and pivotal to the local economy -- like where my butt is planted. I'd hate to be a contractor or engineer or architect or draftsperson... they'll be first in line for a poke in the eye.

To: Ramsey Su who wrote (57568)	4/6/2006 3:38:28 PM
From: loantech	Read Replies (3) \| Respond to of 110194

Ramsey su, FHA is coming out with new guide lines to get everybody in. Eliminating most of the down payment of 3%. Lowering credit standards to try to capture the sub prime market. I know this will not affect So. Cal but it may push the bubble harder else where. Most our borrowers are going 100% CLTV with some form of piggyback. some are putting maybe 5% down and on occasion 10%. Total quality of borrowers is poor in my opinion which is not worth squat............ tom