Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: stan_hughes who wrote (340593)	8/10/2007 5:00:16 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

very aware of that. adds to my bear wall of worry thesis. this is the bestest down we've seen in memory on that score. until it doesn't go down anymore <g>

To: stan_hughes who wrote (340593)	8/10/2007 6:04:57 PM
From: Poet	Respond to of 436258

Very very good points.

To: stan_hughes who wrote (340593)	8/10/2007 9:26:38 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 436258

Subprime and Alt-A accounted for 1/3 of all mortgages last year. (BTW, they no longer exist.) With JQP getting by on 1974 wages B to B and exports can't make up the slack. This will bleed into earnings. The S&P PE is 17.48. So there. -g- For one self-employed borrower in Pennsylvania, with a 626 credit score, just above what's considered subprime, Hebert says he contacted three lenders. Last year, the borrower would have qualified for a 7.99 percent loan, Hebert says. This week, he received one offer for a 10.5 percent loan with a three-year prepayment penalty, meaning that if the borrower refinanced during that time he would be required to make six months of payments to the original lender. ``It would have been cheaper to use a credit card to pay for his house,'' Hebert says. When it came time to lock in the rate, the lender pulled out, Hebert says. bloomberg.com