We expect to see a modest rise in delinquencies in the quarters ahead.
More Quotes from 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
If you pay on a monthly basis, and close on the 25th of the month, then you have about five or six days of extra interest payments. But if you close on the 5th, you'll pay 25 or 26 days' worth of interest.
Doug Duncan
After discussing all the risks, Greenspan summed up by saying the share of households who are very highly leveraged is lower than expected and is not correlated closely with high home price states, other than California.
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
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
We are certainly hearing from lenders that business is slowing down. That's consistent with our forecast.
Doug Duncan
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