Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Media
New media
New comments
Search media
Members
Registered members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support Ford SportTrac Forum:
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="Thomas Rogers" data-source="post: 963126" data-attributes="member: 60724"><p>Hugh said: </p><p></p><p></p><p></p><p>I think what you are saying above is: </p><p></p><p></p><p></p><p> "The only factor that will change the future behavior of the banks with regards to sub-prime lending in these areas is the pressure of these agencies."</p><p></p><p></p><p></p><p>If that is what you are saying, then frankly, I don't believe that to be a fact. There are a number of possible conditions that <em>could </em>influence the banks willingness (or unwillingness) to give sub-prime loans. </p><p></p><p></p><p></p><p>For example, banks could start offering (more) sub-prime loans in a given area because the climate for sub-prime loans opens up. If banks can more readily sell the loans they take on, then that would be one reason. A particular bank could want to take on sub-prime loans to meet some short-term revenue and lending goals (meet forecasts, projections) and may be willing to do that even though it might introduce more longer term risk. There are several possible reasons.</p><p></p><p></p><p></p><p>Again, I am not saying what the banks will or won't do. I'm just saying that no one can with 100% certainty: </p><p></p><p></p><p></p><p>a: predict <em>what </em>the banks will or won't do</p><p></p><p></p><p></p><p>b: determine <em>why</em> they did or didn't do what they did in a., above, once they have done it (or didn't do it).</p><p></p><p></p><p></p><p>We can pontificate what the banks might or might not do, and why, and we can even narrow in on what we agree would be very likely. Still, that doesn't make any of it "factual", regardless what one wants to call it.</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 963126, member: 60724"] Hugh said: I think what you are saying above is: "The only factor that will change the future behavior of the banks with regards to sub-prime lending in these areas is the pressure of these agencies." If that is what you are saying, then frankly, I don't believe that to be a fact. There are a number of possible conditions that [i]could [/i]influence the banks willingness (or unwillingness) to give sub-prime loans. For example, banks could start offering (more) sub-prime loans in a given area because the climate for sub-prime loans opens up. If banks can more readily sell the loans they take on, then that would be one reason. A particular bank could want to take on sub-prime loans to meet some short-term revenue and lending goals (meet forecasts, projections) and may be willing to do that even though it might introduce more longer term risk. There are several possible reasons. Again, I am not saying what the banks will or won't do. I'm just saying that no one can with 100% certainty: a: predict [i]what [/i]the banks will or won't do b: determine [i]why[/i] they did or didn't do what they did in a., above, once they have done it (or didn't do it). We can pontificate what the banks might or might not do, and why, and we can even narrow in on what we agree would be very likely. Still, that doesn't make any of it "factual", regardless what one wants to call it. TJR [/QUOTE]
Insert quotes…
Verification
Post reply
SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
Top