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phone: (314) 740-0004
mobile: (314) 740-0004
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Ted Rood
Senior Originator,  Homesite Mortgage
2299 Technology Dr,  Suite 285
O'Fallon,  Missouri  63368
Comments
"The Urban Institute released the study and its conclusions. Whether they are accurate or not (I too feel they're ignoring economic conditions, which are vastly more important to defaults than appraisals), Jann was not the source for any conclusions."    View Comment
"Good to see this quantified, but it's hardly surprising that greater equity leads to more timely mortgage payments."    View Comment
"I didn't write it!"    View Comment
"The most surprising thing here is that ARM rates are scarcely lower than fixed these days, only .25-.375% in most cases. I wrote a LOT of ARMs when they were .75% or more below fixed rates, but haven't seen any borrowers recently who opted for ARMs."    View Comment
""NAHB basis its estimates on the sum of the mortgage payment including escrows. This total cannot be more than 28 percent of monthly gross household income, the standard used in underwriting conventional mortgage loans" Fannie Mae and FHA allow front end ratios of up to 45%. That's a HUGE difference from 28%, rendering all conclusions based on the 28% number completely meaningless."    View Comment
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