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.
More Quotes from Doug Duncan:
People should get out and enjoy this beautiful weather today.Doug Duncan
There is no question that the ability to tap equity has supported consumption. It is a very, very powerful engine for the economy.
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 expect to see a modest rise in delinquencies in the quarters ahead.
Doug Duncan
If you're stretched to the max to be able to make the interest-only payments, the question is What are you going to do when the principal comes due
Doug Duncan
We need to do things to clean up the bay. We don't want to be the generation responsible for destroying it.
Doug Duncan
Readers Who Like This Quotation Also Like:
Based on Topics: Chance Quotes, Life QuotesDid you know that today will never be tomorrow.
Jay London
But no nation can base its survival and development on luck and prayers alone while its leadership fritters away every available opportunity for success and concrete achievement.
Ibrahim Babangida
It is hard, though, 'cos record labels love to boss you around. I won't let them do that anymore.
Evan Dando