The question in New Orleans is what will happen to the economy. The key to housing is jobs. |
The refinancing activity will start to trail off but it will carry into the first half of next year. |
There is no question that the ability to tap equity has supported consumption. It is a very, very powerful engine for the economy. |
This is evidence of a structural change — an economic chain reaction. |
We are certainly hearing from lenders that business is slowing down. That's consistent with our forecast. |
We expect to see a modest rise in delinquencies in the quarters ahead. |
We need to do things to clean up the bay. We don't want to be the generation responsible for destroying it. |
We're prepared to say the market has peaked in terms of the numbers of units sold. |
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. |
You may have missed the absolute bottom, but for a lot of people, 7 percent still looks great. |