"Option" mortgages to explode, officials warn

A

Anonymous_IHB

New member
<A href="http://www.reuters.com/article/ousivMolt/idUSTRE58G5U320090917?pageNumber=1&virtualBrandChannel=11618">http://www.reuters.com/article/ousivMolt/idUSTRE58G5U320090917?pageNumber=1&virtualBrandChannel=11618</A>
 
[quote author="OCCOBRA" date=1253594667]And just think 46% of all these Alt-A option arms are here in California. You have seen nothing yet...</blockquote>
Within a year or so, the Alt-A problem will take care of itself because the improving economy and rising house prices.











Bwa-ha-ha-ha-ha

Bwa-ha-ha-ha-ha

Bwa-ha-ha-ha-ha
 
[quote author="awgee" date=1253599465][quote author="OCCOBRA" date=1253594667]And just think 46% of all these Alt-A option arms are here in California. You have seen nothing yet...</blockquote>
Within a year or so, the Alt-A problem will take care of itself because the improving economy and rising house prices.











Bwa-ha-ha-ha-ha

Bwa-ha-ha-ha-ha

Bwa-ha-ha-ha-ha</blockquote>
Come on Awgee, you mean to say that you aren't buying the "v-shaped" consumer demand driven recovery theory???
 
[quote author="USCTrojanCPA" date=1253599694][quote author="awgee" date=1253599465][quote author="OCCOBRA" date=1253594667]And just think 46% of all these Alt-A option arms are here in California. You have seen nothing yet...</blockquote>
Within a year or so, the Alt-A problem will take care of itself because the improving economy and rising house prices.











Bwa-ha-ha-ha-ha

Bwa-ha-ha-ha-ha

Bwa-ha-ha-ha-ha</blockquote>
Come on Awgee, you mean to say that you aren't buying the "v-shaped" consumer demand driven recovery theory???</blockquote>
Dude - Obama, Bernanke, Dennis Kneale, Cramer, and so many others are saying the recession is over. Many leading economic indicators say the recession is over. How could I doubt it?









Unless the recession is over and it is about to become a depression.
 
[quote author="awgee" date=1253600030][quote author="USCTrojanCPA" date=1253599694][quote author="awgee" date=1253599465][quote author="OCCOBRA" date=1253594667]And just think 46% of all these Alt-A option arms are here in California. You have seen nothing yet...</blockquote>
Within a year or so, the Alt-A problem will take care of itself because the improving economy and rising house prices.











Bwa-ha-ha-ha-ha

Bwa-ha-ha-ha-ha

Bwa-ha-ha-ha-ha</blockquote>
Come on Awgee, you mean to say that you aren't buying the "v-shaped" consumer demand driven recovery theory???</blockquote>
Dude - Obama, Bernanke, Dennis Kneale, Cramer, and so many others are saying the recession is over. Many leading economic indicators say the recession is over. How could I doubt it?









Unless the recession is over and it is about to become a depression.</blockquote>


They are all using the newspaper definition of a recession, which is two quarters of negative growth. If growth in a following quarter is .1%, then the recession is technically over.
 
[quote author="Geotpf" date=1253652627][quote author="awgee" date=1253600030][quote author="USCTrojanCPA" date=1253599694][quote author="awgee" date=1253599465][quote author="OCCOBRA" date=1253594667]And just think 46% of all these Alt-A option arms are here in California. You have seen nothing yet...</blockquote>
Within a year or so, the Alt-A problem will take care of itself because the improving economy and rising house prices.











Bwa-ha-ha-ha-ha

Bwa-ha-ha-ha-ha

Bwa-ha-ha-ha-ha</blockquote>
Come on Awgee, you mean to say that you aren't buying the "v-shaped" consumer demand driven recovery theory???</blockquote>
Dude - Obama, Bernanke, Dennis Kneale, Cramer, and so many others are saying the recession is over. Many leading economic indicators say the recession is over. How could I doubt it?









Unless the recession is over and it is about to become a depression.</blockquote>


They are all using the newspaper definition of a recession, which is two quarters of negative growth. If growth in a following quarter is .1%, then the recession is technically over.</blockquote>
And what is your opinion of the definition?
 
The same time these OO loans were made, Stated Stated really took off. You could at one time AT WELLS (the tightest bank around today) do a stated stated 95% loan if you structured things favorably to fool their AU system.



OO failures are a fart in a hurricane. Wait until the SS loans - mostly $418k and above.... - go tits up.



Remember, Tuesday is Soylent Green Day!



SGIP
 
[quote author="Soylent Green Is People" date=1253688107]The same time these OO loans were made, Stated Stated really took off. You could at one time AT WELLS (the tightest bank around today) do a stated stated 95% loan if you structured things favorably to fool their AU system.



OO failures are a fart in a hurricane. Wait until the SS loans - mostly $418k and above.... - go tits up.



Remember, Tuesday is Soylent Green Day!



SGIP</blockquote>
I didn't know there were such a think as STATED STATED loans. Sounds like fun for Wells and the rest, wish them luck with those loans.
 
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