Comments on: Hardly anyone owns their home in California http://blownmortgage.com/2007/05/14/hardly-anyone-owns-their-home-in-california/ Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Thu, 08 Jul 2010 10:15:52 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Schahrzad Berkland http://blownmortgage.com/2007/05/14/hardly-anyone-owns-their-home-in-california/comment-page-1/#comment-129 Schahrzad Berkland Tue, 15 May 2007 05:32:16 +0000 http://blownmortgage.dreamhosters.com/?p=304#comment-129 Ivy's reports are the best! Thanks for interperting her data. If only Alt-A and prime borrowers can get IOs and neg-ams, and we know their intro period is 7-10 years, we should see the Alt-A and Prime borrowers implode 7-10 years after the 2003-2005 timeframe, putting that into 2010-2015. Will the housing downturn be over by then, so those people have the equity to refinance? The piggyback usually means 100% financing, right? Even if it's 5% down or 10% down, those people have no equity left now that prices have dropped 10% or more. Do you think the pace of lender bankruptcy and distress is the same, or has it slowed down since December? Ivy’s reports are the best! Thanks for interperting her data.

If only Alt-A and prime borrowers can get IOs and neg-ams, and we know their intro period is 7-10 years, we should see the Alt-A and Prime borrowers implode 7-10 years after the 2003-2005 timeframe, putting that into 2010-2015. Will the housing downturn be over by then, so those people have the equity to refinance?

The piggyback usually means 100% financing, right? Even if it’s 5% down or 10% down, those people have no equity left now that prices have dropped 10% or more.

Do you think the pace of lender bankruptcy and distress is the same, or has it slowed down since December?

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