We are certainly hearing from lenders that business is slowing down. That's consistent with our forecast.
More Quotes from Doug Duncan:
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.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
One of the reasons we're concerned about the CAP is its proven ability to move species around. It moves species around even through what appears to be insurmountable barriers.
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
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
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
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