Housing will decline modestly from the fifth consecutive record year in 2005, but will remain robust historically. Home price appreciation rates will moderate compared to recent years.
More Quotes from Doug Duncan:
While these new products provide consumers with a wide range of choices to meet their cash flow needs and risk tolerances, borrowers need to be vigilant to ensure that they prudently measure and manage the additional risk of these new products.Doug Duncan
The key, then, is to talk to multiple lenders because they serve different parts of the market. Shopping will always help you ensure that you are getting consistent stories. Then you can negotiate. When I've bought homes, I've always talked to at least three lenders and I've always gotten a better deal.
Doug Duncan
Over half of all loans out there are less than 3 years old. Loans tend to peak in probability of delinquency in 3-5 years of their life.
Doug Duncan
We expect to see a modest rise in delinquencies in the quarters ahead.
Doug Duncan
The increase of delinquencies is not surprising. We have been expecting an up-tick in delinquencies due to a number of factors.
Doug Duncan
We are certainly hearing from lenders that business is slowing down. That's consistent with our forecast.
Doug Duncan
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