🚀 go-pugleaf

On Wed, 27 Jun 2007 23:49:10 -0500, David Agnew
<DavidAgnew@nospam.nul> wrote:

>On Wed, 27 Jun 2007 22:36:48 GMT, leroyblue@pillinor.net wrote:
>
>>On Wed, 27 Jun 2007 01:14:08 -0500, David Agnew
>><DavidAgnew@nospam.nul> wrote:
>>
>>>On Tue, 26 Jun 2007 22:28:54 -0500, CJT <abujlehc@prodigy.net> wrote:
>>>
>>>>Lugar is too little, too late.
>>>
>>>Bush has already guaranteed the bankruptcy of America and the eventual
>>>military coup that will follow.  Americans who voted for Bush deserve
>>>the government that will execute them.
>>
>>The economy is running at peak performance. A military coup is
>>impossible in the US. You're a lunatic.
>
>You fucking idiot.  Bush dry humps Halliburton to massive corporate
>profits and you think that matters a fuck to the Middle Class who are
>losing real adjusted wages, as well as losing their homes?  Go to
>hell, you fucking wannabee house nigga.

Hey Dave, every president makes a few coins on war, it's a fringe
benefit.  Dig deep into LBJ, the other Texan, to see how well his
family did with Vietnam.
>
>
>
>Fed ponders mortgage default explanations
>Pacific Business News (Honolulu) - June 12, 2007
>Print this Article Email this Article Reprints RSS Feeds Most Viewed
>Most Emailed 
>Are mortgage defaults on the rise because lenders are lax, or because
>borrowers see little economic incentive to keep up the payments? 
>
>The Federal Reserve Bank of San Francisco, which has jurisdiction over
>Hawaii and the U.S. West, examined current research on the matter, and
>found several possible factors in play. 
>
> 
>Mainland discussion of subprime defaults has focused on lax lending --
>the implication being that some people were never qualified to be
>given mortgages and shouldn't have gotten them. 
>
>But FRBSF Senior Economist Mark Doms, in a report distributed Monday,
>said subprime defaults are measurably lower in areas where home prices
>are holding strong, and suggests that in these markets borrowers have
>a stronger economic incentive to keep up the payments. 
>
>"Delinquencies have occurred during a time of seismic shifts in the
>patterns of house-price appreciation, shifts that were unprecedented
>in terms of their size and suddenness and that varied widely across
>metropolitan areas," Doms wrote. "Markets that recently experienced
>greater house-price appreciation tended to have lower delinquency
>rates and smaller increases in delinquency rates." 
>
>Areas where house prices decelerated the most in 2006 experienced the
>largest increases in subprime delinquency rates. 
>
>"One of several possible explanations for this relationship," Doms
>wrote, "is that, in the face of sharp declines in the pace of
>house-price appreciation, some borrowers may have lowered their
>expectations about future appreciation rates, and, hence, the
>attractiveness of the investment component of homeownership also
>declined." 
>
>The subprime residential mortgage market -- lending to people with low
>credit scores, little credit history or other impairments -- barely
>existed in 1995 but accounted for as much as a fifth of all first lien
>mortgages made in 2006. 
>
>The matter is of concern in Hawaii, though subprime borrowing has been
>less common in the islands than on the Mainland, because some
>economists have been predicting that a spike in mortgage defaults may
>be still to come. 
>
>Fed ponders mortgage default explanations
>Pacific Business News (Honolulu) - June 12, 2007
>Print this Article Email this Article Reprints RSS Feeds Most Viewed
>Most Emailed 
>Are mortgage defaults on the rise because lenders are lax, or because
>borrowers see little economic incentive to keep up the payments? 
>
>The Federal Reserve Bank of San Francisco, which has jurisdiction over
>Hawaii and the U.S. West, examined current research on the matter, and
>found several possible factors in play. 
>
> 
>Mainland discussion of subprime defaults has focused on lax lending --
>the implication being that some people were never qualified to be
>given mortgages and shouldn't have gotten them. 
>
>But FRBSF Senior Economist Mark Doms, in a report distributed Monday,
>said subprime defaults are measurably lower in areas where home prices
>are holding strong, and suggests that in these markets borrowers have
>a stronger economic incentive to keep up the payments. 
>
>"Delinquencies have occurred during a time of seismic shifts in the
>patterns of house-price appreciation, shifts that were unprecedented
>in terms of their size and suddenness and that varied widely across
>metropolitan areas," Doms wrote. "Markets that recently experienced
>greater house-price appreciation tended to have lower delinquency
>rates and smaller increases in delinquency rates." 
>
>Areas where house prices decelerated the most in 2006 experienced the
>largest increases in subprime delinquency rates. 
>
>"One of several possible explanations for this relationship," Doms
>wrote, "is that, in the face of sharp declines in the pace of
>house-price appreciation, some borrowers may have lowered their
>expectations about future appreciation rates, and, hence, the
>attractiveness of the investment component of homeownership also
>declined." 
>
>The subprime residential mortgage market -- lending to people with low
>credit scores, little credit history or other impairments -- barely
>existed in 1995 but accounted for as much as a fifth of all first lien
>mortgages made in 2006. 
>
>The matter is of concern in Hawaii, though subprime borrowing has been
>less common in the islands than on the Mainland, because some
>economists have been predicting that a spike in mortgage defaults may
>be still to come. 
>
>http://www.bizjournals.com/pacific/stories/2007/06/11/daily14.html