Comments on: How we got in to this mess – a video http://blownmortgage.com/2007/09/02/how-we-got-in-to-this-mess-a-video/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Fri, 06 Nov 2009 14:02:46 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Hezekiah King http://blownmortgage.com/2007/09/02/how-we-got-in-to-this-mess-a-video/comment-page-1/#comment-3684 Hezekiah King Tue, 04 Sep 2007 03:42:10 +0000 http://blownmortgage.com/2007/09/02/how-we-got-in-to-this-mess-a-video/#comment-3684 Morgan: Thanks for your reply. I tend to think we are already heading in that direction but I don't know if we'll settle on 3X, 4X, 5X or someting else. That all depends on how badly the investors get burned. If I had to guess, I think 4X is the most likely. I think 5X will still be possible in the future for a small elite category of borrowers - a great FICO, a large down payment and solid history of paying his mortgage on time. First time buyers will likely be locked out of 5X mortgages. But, I'm just groping in the dark here. Thanks again for your reply, HK Morgan:

Thanks for your reply. I tend to think we are already heading in that direction but I don’t know if we’ll settle on 3X, 4X, 5X or someting else. That all depends on how badly the investors get burned. If I had to guess, I think 4X is the most likely. I think 5X will still be possible in the future for a small elite category of borrowers – a great FICO, a large down payment and solid history of paying his mortgage on time. First time buyers will likely be locked out of 5X mortgages.

But, I’m just groping in the dark here.

Thanks again for your reply,
HK

]]> By: Morgan Brown http://blownmortgage.com/2007/09/02/how-we-got-in-to-this-mess-a-video/comment-page-1/#comment-3670 Morgan Brown Mon, 03 Sep 2007 17:58:58 +0000 http://blownmortgage.com/2007/09/02/how-we-got-in-to-this-mess-a-video/#comment-3670 HK - I am not sure about the odds - for a 3x 4x shift we'd need to see substantial down side. I would probably put those odds below 30%. But I would put solid money on the 5x range at some point. Thought when and exact numbers would be hard to pinpoint. I'll have to look at the actual numbers some more before I could do any better than a guess. What do you think HK? HK – I am not sure about the odds – for a 3x 4x shift we’d need to see substantial down side. I would probably put those odds below 30%. But I would put solid money on the 5x range at some point. Thought when and exact numbers would be hard to pinpoint. I’ll have to look at the actual numbers some more before I could do any better than a guess.

What do you think HK?

]]> By: Hezekiah King http://blownmortgage.com/2007/09/02/how-we-got-in-to-this-mess-a-video/comment-page-1/#comment-3663 Hezekiah King Mon, 03 Sep 2007 08:38:31 +0000 http://blownmortgage.com/2007/09/02/how-we-got-in-to-this-mess-a-video/#comment-3663 Hey Morgan: What do you think are the odds of the mortgage business in Southern California going back to 3X or 4X income as a hard-and-fast rule? HK Hey Morgan:

What do you think are the odds of the mortgage business in Southern California going back to 3X or 4X income as a hard-and-fast rule?

HK

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