Doug Duncan Quotations

There is no question that the ability to tap equity has supported consumption. It is a very, very powerful engine for the economy.

The refinancing activity will start to trail off but it will carry into the first half of next year.

One of the reasons we're concerned about the CAP is its proven ability to move species around. It moves species around even through what appears to be insurmountable barriers.

We expect to see a modest rise in delinquencies in the quarters ahead.

We're prepared to say the market has peaked in terms of the numbers of units sold.

Over half of all loans out there are less than 3 years old. Loans tend to peak in probability of delinquency in 3-5 years of their life.

The question in New Orleans is what will happen to the economy. The key to housing is jobs.

If you want freedom you have to come to terms with being okay in the now doing nothing.

The Lourie Center provides much-needed services for our youngest and most vulnerable children and their families in our region. Their work and groundbreaking research help our community as well as the nation.

We need to do things to clean up the bay. We don't want to be the generation responsible for destroying it.

While these new products provide consumers with a wide range of choices to meet their cash flow needs and risk tolerances, borrowers need to be vigilant to ensure that they prudently measure and manage the additional risk of these new products.

You may have missed the absolute bottom, but for a lot of people, 7 percent still looks great.

We are certainly hearing from lenders that business is slowing down. That's consistent with our forecast.

People should get out and enjoy this beautiful weather today.

After discussing all the risks, Greenspan summed up by saying the share of households who are very highly leveraged is lower than expected and is not correlated closely with high home price states, other than California.

Coming off a fairly steady rate environment in 2004, these are very modest interest rate increases for the level of economic growth we are expecting.

This is evidence of a structural change an economic chain reaction.

If you pay on a monthly basis, and close on the 25th of the month, then you have about five or six days of extra interest payments. But if you close on the 5th, you'll pay 25 or 26 days' worth of interest.

If you take six refineries offline, the serious question is how long it takes to get them back online.

If you're stretched to the max to be able to make the interest-only payments, the question is: What are you going to do when the principal comes due?

Housing will decline modestly from the fifth consecutive record year in 2005, but will remain robust historically. Home price appreciation rates will moderate compared to recent years.

The key, then, is to talk to multiple lenders because they serve different parts of the market. Shopping will always help you ensure that you are getting consistent stories. Then you can negotiate. When I've bought homes, I've always talked to at least three lenders and I've always gotten a better deal.

The increase of delinquencies is not surprising. We have been expecting an up-tick in delinquencies due to a number of factors.