Doug Duncan Quotes (15 Quotes)

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.

People should get out and enjoy this beautiful weather today.

We are certainly hearing from lenders that business is slowing down. That's consistent with our forecast.

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.

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.

We expect to see a modest rise in delinquencies in the quarters ahead.

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.

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.

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

We need to do things to clean up the bay. We don't want to be the generation responsible for destroying it.

There is no question that the ability to tap equity has supported consumption. It is a very, very powerful engine for the economy.

The historical low delinquency rate was 3.9 percent in the late 1970s, while the historical high for delinquencies was 6.07 percent in 1985. Right now it's right in the middle between the all-time low and the all-time high, and we're just coming out of a recession.

The increase of delinquencies is not surprising. We have been expecting an up-tick in delinquencies due to a number of factors.

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.

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.