Search results

<p>This is from yesterday, sorry if it's already been posted:</p> <p><strong><em>Anybody have a clue as to what these 'investors' are expecting?</em></strong></p> <p>The two sales are being referred to by market traders as "bin Laden trades" because only an event on the scale of 9-11...

<p>I see wisdon in Marty's word of buying when everyone else is selling, however, buying a company that may have to file BK shortly may not be the wisest of moves.</p> <p>But who knows? CW is still alive as of now... until we hear differently... it's a good buy.</p>

<p>The problem I have with ANY government involvement in personal financial matters is this:</p> <p>No matter WHAT they do, it SCREAMS "The people are too stupid to trust with their own finances, so we will do it for them."</p> <p>Giving government control of PRIVATE finances CANNOT end...

<p>At its current rate of daily loss, the DJIA will be trading below 10000 by Sept. 1st.</p> <p>And you are right, awgee, it's a global problem. But Americans are getting hit the hardest right now... and it affects me the most! :)</p> <p>This feels like the end... of something.</p> <p> </p>

<p>The sky IS falling...</p> <p><a href="http://news.yahoo.com/s/ap/20070816/ap_on_bi_ge/countrywide_mortgages_2;_ylt=AlTLEe53PNwb7LzQlj3p4QIE1vAI">http://news.yahoo.com/s/ap/20070816/ap_on_bi_ge/countrywide_mortgages_2;_ylt=AlTLEe53PNwb7LzQlj3p4QIE1vAI</a></p> <p>If Countrywide goes under...

<p><a href="http://www.lagriffedulion.f2s.com/retard.htm">http://www.lagriffedulion.f2s.com/retard.htm</a></p> <p>Interesting little article regarding the racial IQ studies and differences.</p> <p>Here is the first part, hit the link to see it all..</p> <p>-------</p> <p> The life of a...

.

NIR, I will make this as simple as possible. It doesn't matter if you go to 'the bank' or 'a broker' for your borrowing needs. The SECONDARY market (i.e. the investors who buy the loans from the banks, REGARDLESS of if they come from broker (wholesale) or bank (retail) origination are NOT...

<p>So...</p> <p>"</p> <p>I just priced out a 560K loan @ 78%LTV. (725k value). Stated income with verifiable assets. 788 FICO. Perfect credit history.</p> <p>A 5/1 Interest Only ARM: <strong>7.5%</strong> with no discount fee (points) AND 3 year prepayment penalty "</p>...

<p>Fear the upcoming crash.</p> <p minmax_bound="true">Listen. And understand. </p> <p minmax_bound="true">That thing is out there. It can't be bargained with. It can't be reasoned with. It doesn't feel pity, or remorse, or fear.</p> <p minmax_bound="true"> And it absolutely will not stop...

<p>I concur with lending maestro.</p> <p>Also, there is no such thing as a 'free' loan. You really think the bank (it's not their money, either!) is going to take on the risk of lending $350,000.00 just for fun? :)</p> <p>You are paying for it somehow, someway. Unless you believe that...

<p>IR,</p> <p>DTI requirements for conforming products have a SMALL amount of wiggle room. Basically, you need your back-end DTI to be 45% or less, depending on other characteristics. In many cases you will need to be under 40%.</p> <p>This covers ALL reoccuring monthly expenses in...

<p>NSR,</p> <p>Broker pricing is still the same as always on the products available. I don't know where the info is coming from that 'banks have different rates than brokers' right now. The wholesale brokerage rates for conforming paper are still much lower than what any bank has. I think...

I feel I should explain some things about the broker vs bank comparisson. Banks operate like retail stores. They only sell their products. They have built in profit margin of 2-3%+ of the loan amount (higher rates and fees to get this). There is no wiggle room, no discussion. In...

<p>And after todays massive guideline changes to alt-a lending (70-80% of ALL loans in California current sit in this category) combined with the investors pulling the plug...</p> <p>Revise my calculations lower, probably 50+% drops by 2008. You simply can't get financing that's...

<p>What happened today has put us on track for a housing downturn way beyond what even IR could imagine.</p> <p>Lendingmaestro is telling the truth. What does it mean?</p> <p>It means that rates on home loans went up a realistic 2-3% today. TODAY alone.</p> <p>Affordibility will destroy...

<p>It depends on when the REO's really start slashing. That is the point of no return.</p> <p>It's possible you won't see the bulk of the damage until 2008-2009, since most people are close to being/already upside down and they can't shortsale unless they get behind on their payments... which...

<p>For the purposes of this document, we will be assuming that EVERYTHING outside of foreclosures is a constant. We will be assuming that bank guidelines, wall street investors who buy mortgage backed securities, loan programs, sales #'s, etc. are all at late2005 levels (at the peak or just a...

<p>From the article:</p> <p>"The blog is a guide to the seventh circle of real estate hell—people who buy houses on spec with no money down. A typical entry chronicles the purchase price, tracks down the amount of debt on the property, and then calculates how much each party—the buyer, the...

<p>I was out checking out some homes on the market in Ladera this weekend, and I noticed the massive amount of what APPEAR to be high tension power lines everywhere! How did I miss this before?</p> <p>Is it me or is Ladera constructed ghetto-style with tons of cancer-cluster-causing...