Posted by MB_AZ on 1/5/06 3:40pm
Msg #86335

Prediction for coming months.....

Historically, January and February were the highest months for bankruptcies. Since the new law makes it harder to file for bankruptcies, more homeowners will refinance. JMO

Reply by srnotary_CA on 1/5/06 3:44pm
Msg #86339

Hopefully you are right. We could all use the work LOL.

Reply by eXpedN_TX on 1/5/06 3:46pm
Msg #86340

I agree. We'll see?!?!? They are really pushing refi's in my area right now. We'll see if I get more calls. Houses are not selling very quickly in my neighborhood these days. They used to be bought up in less than a month. I am going to continue marketing myself and be there as things slow and as things improve. The majority of the signings I am doing now are refi's.

Reply by newlysmomva on 1/6/06 8:17am
Msg #86543

housing market will go into recession. refi's will slow. how's that for depressing?

Reply by Shane_OH on 1/6/06 10:21am
Msg #86572

This is why you need to get locked in with some subprime lenders....

Even when the housing market slows, people still ring up credit card debt like its going out of style... subprime lenders slow, but not nearly as much as everyone else.

Reply by Nate_MN on 1/6/06 10:19am
Msg #86570

I think people facing bankruptcy are going to have a tough time refinancing. The one change that I think will get a few more refi's is the doubling of minimum credit card payments.