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User Info A peek inside the mortgage market...scarry ****! in forum [General]
Travanx
Posts: 2995
Incept: 2007-11-07
Green
Downtown Los Angeleez, Killafornia
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Where is the location for these loans (Zipcode)? And also what are the pure cash buyers doing? Squeak is asking the right questions right now.

Doom and gloom in stupid areas, but not so much in the other areas is what I am seeing. Read the redfin forums for what is really happening out there. I am one of those asking for the logical reasoning for what's going on in certain zipcodes (90042 and 90065) in LA right now. There are a few other crazies too.

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What does that even mean? It's provocative. It gets the crowd going!
Bearshort
Posts: 4537
Incept: 2007-09-13
Green
NYC
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Top Geograpic states: CA 25.45% AZ 18.7% fl 11.75%
this is the LTV page from bloomberg
Inline

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Every day I'm more embarrassed and dismayed by my government.

Squeak
Posts: 512
Incept: 2008-03-15
Green
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Interesting. Do you mind posting two more screens from that package, to help round out my understanding:

- Original LTV (#10)
- Original Loan Size (#13)
Lowbeyond
Posts: 17125
Incept: 2008-02-11
Green A True American Patriot!
CO aka West NJ/East CA
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if someone wanted give me a 400% ltv loan and i will gladdly take it over and over and over again !

if be rich. heh

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Maybe it was a birdy bread-bomber from the future?!
Bearshort
Posts: 4537
Incept: 2007-09-13
Green
NYC
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Sure tomorrow I'll post, I looked at Orig LTV it's about the same but will put up when I can.

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Every day I'm more embarrassed and dismayed by my government.
Squeak
Posts: 512
Incept: 2008-03-15
Green
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Thanks, really curious to see the loan values. The straight LTV is just an interesting insight to see how many seconds are being rolled into this.
Themortgagedude
Posts: 8898
Incept: 2007-12-17
Green
saint louis
Online
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No seconds were rolled in. These evidently are harp loans and harp 2.0 doesn't allow them to be rolled in.

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I'm already visualizing you with duct tape over your mouth.
Squeak
Posts: 512
Incept: 2008-03-15
Green
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OK, then the OTLV and CLTV will be identical.

Thanks TMD.

Loan values would be the most interesting stat then.

Bearshort
Posts: 4537
Incept: 2007-09-13
Green
NYC
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Orig LTV, Orig Loan Size
Inline
Inline

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Every day I'm more embarrassed and dismayed by my government.
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