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The End Mortgage Securitization


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2008 Jun 30, 1:50am   20,733 views  140 comments

by Patrick   ➕follow (59)   💰tip   ignore  

securitization

From the image above, it looks like the bundling of mortgages into mortgage-backed bonds has pretty much disappeared, and that jumbo lending has suffered about as much as other kinds of lending.

So why the long delay between this implosion in lending and price falls in more expensive neighborhoods? Is it that richer people have been able to hold out longer? Prices are down only 10% to 15% in the better parts of Menlo Park, CA, but I would expect a bigger drop based on the dearth of willing lenders. Maybe it's just a matter of time.

Patrick

#housing

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132   thenuttyneutron   2008 Jul 4, 10:51am  

I agree Bap. When asked to fill in my "race" on a form, I always select other and write in human.

133   cb   2008 Jul 4, 8:10pm  

im white btw.

I would've never guessed.

134   DennisN   2008 Jul 4, 10:23pm  

I am me as you are he as you are we and we are all together....I am the walrus!

135   DennisN   2008 Jul 5, 1:04am  

ku ku cachu

Gesundheit. ;)

136   DennisN   2008 Jul 5, 1:07am  

Ooch ooch achook......it's Duke!

(That's my kitty Duke, not the poster here.)

137   justme   2008 Jul 5, 10:05am  

Wait, are we doing some gerrymandering now?

138   justme   2008 Jul 5, 11:22am  

Oh, TOB, maybe you are just joking, but there is someone by that name listed in Wikipedia.
Is that you :-)?

139   justme   2008 Jul 6, 12:15am  

Bap33,

When I said, "I would not have guessed that", I was thinking along the same lines as TOB and stereotyping your views and writing as more likely to come from a white person. Apart from that, no offense intended.

140   thenuttyneutron   2008 Jul 6, 1:38am  

I have always tried to find reasons why trailers are looked down upon with such disdain. It all has to do with the 11:00 PM news stories about the redneck that beat up his wife/ blew his hand off with a firecracker/ discharged his firearms in the air while in a drunken rage.

My only problem with a trailer is with the tornado dangers. If you can solve this issue with a storm cellar, the trailer can be one of the cheapest methods of providing housing for yourself.

I am debt free and currently live in a duplex with my landlord living next door. I pay a very small amount for it. I get crap at work for living in this place. I do admit that it is not the greatest place. The price however is right.

I sometimes want to compare net worths with these obnoxious assholes and see the difference.

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