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

To: Live2Sail who wrote (87153)	8/26/2007 7:27:33 PM
From: patron_anejo_por_favor	Read Replies (12) \| Respond to of 306849

Hot new site assesses the walkability of a neighborhood: walkscore.com Out here in the land of the jumbo SUV, my place scored a near-invisible 22.....:( Surprisingly, my Vegas place did much better, a 65 (probably due to proximity to a major casino well within walking distance....)

To: Live2Sail who wrote (87153)	8/26/2007 7:36:23 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

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? nope, you care about the collateral if you believe there is a probability of a decline of the underlying asset hudson is getting 40% down on $1M plus loans.... that 'cushion' of equity certainly mitigates the risk should the borrower default they could sell at foreclosure high end properties at 70 cents on the dollar and still come out ahead investors paying top dollar for properties priced to perfection with no equity is what brought us to this juncture in the first place....companies like hudson city are now and have avoided that risk by demanding higher equity participation by the borrower iow, if you can find a borrower with 40% equity and can demand 10% good for you(good luck)....hudson city considers that kind of loan profitable and viable at 6.83