Doug Duncan Quotations

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

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

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

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.

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.

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.

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

People should get out and enjoy this beautiful weather today.

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