Comments on: Is Wall Street Souring on SubPrime Loans? http://www.therealestatebloggers.com/2007/01/04/is-wall-street-souring-on-subprime-loans/ Real Estate Blog, Mortgage, and Development News Wed, 17 Mar 2010 08:05:23 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Jon Sigler http://www.therealestatebloggers.com/2007/01/04/is-wall-street-souring-on-subprime-loans/comment-page-1/#comment-25942 Jon Sigler Mon, 08 Jan 2007 16:53:48 +0000 http://www.therealestatebloggers.com/2007/01/04/is-wall-street-souring-on-subprime-loans/#comment-25942 We actually ran in to a fair amount of trouble from this. We do more business with their "A" paper business, and with the agressive pricing they have had recently it is easy to see where they could have had a "mispricing" problem. We actually ran in to a fair amount of trouble from this. We do more business with their “A” paper business, and with the agressive pricing they have had recently it is easy to see where they could have had a “mispricing” problem.

]]> By: Tom http://www.therealestatebloggers.com/2007/01/04/is-wall-street-souring-on-subprime-loans/comment-page-1/#comment-25665 Tom Sat, 06 Jan 2007 02:22:41 +0000 http://www.therealestatebloggers.com/2007/01/04/is-wall-street-souring-on-subprime-loans/#comment-25665 Good on ya Tim.... Welcome to the site from a guy who got to do schoolies week on the gold coast back in the day. Tom Good on ya Tim….

Welcome to the site from a guy who got to do schoolies week on the gold coast back in the day.

Tom

]]> By: Ozzie Tim http://www.therealestatebloggers.com/2007/01/04/is-wall-street-souring-on-subprime-loans/comment-page-1/#comment-25640 Ozzie Tim Fri, 05 Jan 2007 23:09:23 +0000 http://www.therealestatebloggers.com/2007/01/04/is-wall-street-souring-on-subprime-loans/#comment-25640 G'day Mates! Ozzie Tim here. Got some good oil for ya! Here's why I'm not so sad to see some of the sub-prim(ates) out of the market: In theold rules you qualified at the teaser rate. That's bad like the balls on a dog. It was a piece of piss to qualify some bloke who didn't know Christmas from Bourke Street in a loan he had no way of ever being able to pay back. The hook was a simple "we'll refi out of it right as rain". Well, me, for one is glad to hear the music stop. Let's get lenging back where it ought to be with trully qualified borrowers and "real estate professionals" who indeed are just that. That's deadset. figjam! Hooroo. Ozzie Tim G’day Mates!

Ozzie Tim here.

Got some good oil for ya!

Here’s why I’m not so sad to see some of the sub-prim(ates) out of the market: In theold rules you qualified at the teaser rate. That’s bad like the balls on a dog. It was a piece of piss to qualify some bloke who didn’t know Christmas from Bourke Street in a loan he had no way of ever being able to pay back.

The hook was a simple “we’ll refi out of it right as rain”. Well, me, for one is glad to hear the music stop. Let’s get lenging back where it ought to be with trully qualified borrowers and “real estate professionals” who indeed are just that.

That’s deadset.

figjam!

Hooroo. Ozzie Tim

]]> By: Gary Anderson http://www.therealestatebloggers.com/2007/01/04/is-wall-street-souring-on-subprime-loans/comment-page-1/#comment-25627 Gary Anderson Fri, 05 Jan 2007 21:53:23 +0000 http://www.therealestatebloggers.com/2007/01/04/is-wall-street-souring-on-subprime-loans/#comment-25627 It is not as if you all haven't been warned by the house bubble bloggers, for many many months now. Why are you so surprised? This is just the beginning. It is not as if you all haven’t been warned by the house bubble bloggers, for many many months now. Why are you so surprised? This is just the beginning.

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