Comments on: Mortgage Market Update: Applications Up, Rates Down http://www.azmortgageguru.com/mortgage-market-update-applications-up-rates-down/ Mon, 20 Jun 2011 00:09:25 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Shailesh Ghimire http://www.azmortgageguru.com/mortgage-market-update-applications-up-rates-down/comment-page-1/#comment-485 Shailesh Ghimire Sat, 11 Aug 2007 15:48:04 +0000 http://www.azmortgageguru.com/mortgage-market-update-applications-up-rates-down/#comment-485 Jessica, Somewhere deep down I think they did know. It's not that hard to imagine this scenario. However, sometimes in the frenzy you kind of lose sight of the risk. I guess you just let the "good times roll" until you have to face reality. It seems like the European banks are only being cautious. Thanks for your thoughtful comment! Shailesh Jessica,

Somewhere deep down I think they did know. It’s not that hard to imagine this scenario. However, sometimes in the frenzy you kind of lose sight of the risk. I guess you just let the “good times roll” until you have to face reality.

It seems like the European banks are only being cautious.

Thanks for your thoughtful comment!
Shailesh

]]> By: Jessica Bennet http://www.azmortgageguru.com/mortgage-market-update-applications-up-rates-down/comment-page-1/#comment-483 Jessica Bennet Sat, 11 Aug 2007 11:53:04 +0000 http://www.azmortgageguru.com/mortgage-market-update-applications-up-rates-down/#comment-483 Shailesh, Even European banks are panic-stricken and have started taking out loans from the overnight lending market, just to pay their clients who may intend taking out money from their investments. It's pretty clear that the US subprime meltdown has lead to a crisis in the global financial market. Isn't it a bit surprising that the industry couldn't anticipate such a big crisis coming up? Shailesh,

Even European banks are panic-stricken and have started taking out loans from the overnight lending market, just to pay their clients who may intend taking out money from their investments.

It’s pretty clear that the US subprime meltdown has lead to a crisis in the global financial market. Isn’t it a bit surprising that the industry couldn’t anticipate such a big crisis coming up?

]]> By: Shailesh Ghimire http://www.azmortgageguru.com/mortgage-market-update-applications-up-rates-down/comment-page-1/#comment-481 Shailesh Ghimire Fri, 10 Aug 2007 23:19:47 +0000 http://www.azmortgageguru.com/mortgage-market-update-applications-up-rates-down/#comment-481 Bobby, People are probably shopping around. I don't know if the MBA has any way of wedding out multiple applications. Thanks, Shailesh Bobby,

People are probably shopping around. I don’t know if the MBA has any way of wedding out multiple applications.

Thanks,
Shailesh

]]> By: Bobby Joe http://www.azmortgageguru.com/mortgage-market-update-applications-up-rates-down/comment-page-1/#comment-479 Bobby Joe Fri, 10 Aug 2007 19:03:44 +0000 http://www.azmortgageguru.com/mortgage-market-update-applications-up-rates-down/#comment-479 App.s are up...hmmm. Do you think it might have something to do with the tightening underwriting guidelines? Me thinks people can't get loan and apply to as many banks that are (still) open. App.s are up…hmmm. Do you think it might have something to do with the tightening underwriting guidelines? Me thinks people can’t get loan and apply to as many banks that are (still) open.

]]> By: Shailesh Ghimire http://www.azmortgageguru.com/mortgage-market-update-applications-up-rates-down/comment-page-1/#comment-471 Shailesh Ghimire Thu, 09 Aug 2007 20:44:47 +0000 http://www.azmortgageguru.com/mortgage-market-update-applications-up-rates-down/#comment-471 Jessica, It is good news, but the bad news is overwhelming these days. The market is down today after the largest bank in France said it was re-evaluating its US sub prime holdings. Thanks for stopping by. Shailesh Jessica,

It is good news, but the bad news is overwhelming these days. The market is down today after the largest bank in France said it was re-evaluating its US sub prime holdings.

Thanks for stopping by.

Shailesh

]]> By: Jessica Bennet http://www.azmortgageguru.com/mortgage-market-update-applications-up-rates-down/comment-page-1/#comment-469 Jessica Bennet Thu, 09 Aug 2007 19:19:24 +0000 http://www.azmortgageguru.com/mortgage-market-update-applications-up-rates-down/#comment-469 Pretty good news there after the subprime market downturn. It's good that people are finally making way for more and more mortgage applications. Pretty good news there after the subprime market downturn. It’s good that people are finally making way for more and more mortgage applications.

]]>