"Option" mortgages to explode, officials warn

[Anonymous_IHB]

http://www.reuters.com/article/ousivMolt/idUSTRE58G5U320090917?pageNumber=1&virtualBrandChannel=11618

 

[OCCOBRA_IHB]

And just think 46% of all these Alt-A option arms are here in California. You have seen nothing yet...

 

[awgee_IHB]

And just think 46% of all these Alt-A option arms are here in California. You have seen nothing yet...

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

 

[usctrojanman29_IHB]

And just think 46% of all these Alt-A option arms are here in California. You have seen nothing yet...

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

Come on Awgee, you mean to say that you aren't buying the "v-shaped" consumer demand driven recovery theory???

 

[awgee_IHB]

And just think 46% of all these Alt-A option arms are here in California. You have seen nothing yet...

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

Come on Awgee, you mean to say that you aren't buying the "v-shaped" consumer demand driven recovery theory???

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.

 

[Geotpf_IHB]

And just think 46% of all these Alt-A option arms are here in California. You have seen nothing yet...

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

Come on Awgee, you mean to say that you aren't buying the "v-shaped" consumer demand driven recovery theory???

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.

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.

 

[awgee_IHB]

And just think 46% of all these Alt-A option arms are here in California. You have seen nothing yet...

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

Come on Awgee, you mean to say that you aren't buying the "v-shaped" consumer demand driven recovery theory???

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.

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.

And what is your opinion of the definition?

 

[Soylent Green Is People_IHB]

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

 

[usctrojanman29_IHB]

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

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.