37 Quotes by Douglas Duncan

We expect modest rises in delinquencies in the quarters ahead, particularly as related to Hurricane Katrina and its effect on the Gulf Coast.

We expect home sales will drop marginally -- about 3 percent -- in each of the next two years from this year's level, which will be an all-time record.

We see housing as being strong over the next three years within a strong economy.

We are asking people to walk their children to school, and to get children together and to assist them as best they can, ... We're asking for parent volunteers to look as they're walking if there are other kids walking separately, to bring them into the group and assist them that way.

Anecdotally we're hearing that lenders' pipelines (pending mortgages) are down 50 percent from their peaks, ... There is no question companies are seeing the pressures of competition.

These are very modest interest rate increases for the level of economic growth we are expecting.

Rates are going to stay at these ranges for awhile.

People are trying to judge the degree of the (housing) slowdown and whether it is a slowdown, and if they are on the margins in terms of making a final decision, a small interest rate change one way or the other can have the effect of changing people's minds.

A fair number of first-time home purchases were brought forward because rates were so good, and a number of people also moved up in the market, when they were able to get a bigger mortgage at a lower rate. When rates move up, you won't get those first-time sales or the move-up factor. Is that offset by the benefits of economic expansion? In our view, not quite.