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.
More Quotes from Doug Duncan:
We expect to see a modest rise in delinquencies in the quarters ahead.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
The increase of delinquencies is not surprising. We have been expecting an up-tick in delinquencies due to a number of factors.
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
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