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<p>I must confess that I visited the Fox in Fullerton back in the day - just once though.</p> <p>In '78 to see Star Wars!</p>

<p>"I am kind of screaming inside because my lender who felt comfortable loaning me the $$ with nothing down two years ago is uninterested in rolling it into a conventional loan now."</p> <p>I (a renter) am also screaming inside because the banks were allowing people to "buy" houses with NO...

<p>The vocation (from Latin <em>vocare</em> - to call out, announce publicly) of public service requires an oath of fidelity to those served. If one can not be faithful to the beloved spouse, can the servant be expected to be faithful to others who are not as close as the spouse?</p> <p>Of...

<p>The amount of money from federal grants that actually gets to students is disappointing. My sister was a 5th grade teacher and was tasked with applying for a special federal grant aimed at helping ESL students. Her school hired a consultant to "get results". She ended up writing the grant...

<p>"The ammount of homes that have been overimproved in neighborhoods that never should of had them is staggering."</p> <p>I think years later, as we amble through neighborhoods, we will point to some houses and say with a tone of derision, "yeah, you can tell that house was rebuilt during the...

Therefore, get Clemens!!!!!!!!!!!!! That terrible liar...

<p>"Finally, the widespread use of the FHLB system to provide liquidity – but more clearly bail out insolvent mortgage lenders – has been outright reckless. Countrywide alone – the poster child of the last decade of reckless and predatory lending practices – received a $51 billion loan from this...

<p>"Similarly, the FHA Secure program has been so far a total failure and there are now suggestions to vastly expand it to make it more effective. The proposals to allow the GSEs (Fannie and Freddie) to buy or guarantee mortgages above the current conforming limits of $417k (all the way to a new...

<p>"You guys can believe all you want but you tell the 600,000+ people who would benefit from this act and are in similar situations that they were wrong and not the banking industry..."</p> <p>I can't think of a better way to tell the banking industry that THEY were wrong than to have 600,000...

<p>Anybody who bought a home on speculation (i.e., based their financing on anticipated appreciation) took a gamble. There is no excuse for not knowing it was a gamble. And if one loses the gamble, they need to assume the losses <em>themselves</em>, like responsible adults. </p> <p>I agree...

<p>"California is waiting to hear on a $9 million federal retraining grant after 6,000 people lost their jobs in the housing industry since September." - from above article</p> <p>Sure, let's spend $1,500 on every realtor to "retrain" them. To do what?! What a joke.</p>

<p>That is soooo hilarious! </p> <p>I'm hoping someone does a "Part II"! </p>

I was driving northbound on PCH today and was AMAZED at the amount of For Sale signs on those new units north of Main before you hit the oil fields. I imagine they are going to keep populating with the future loan resets!

<p>"If they really wanted us to go away, they could offer us cash, and if it were enough, I would probably take it and disappear into the night ..."</p> <p>If we ever see an economy car parked in the driveway of <a target="_blank"...

<p>"We are probably a thorn in the side of the Irvine Company, but they (hopefully) have much <strong>bigger worries</strong> than a website reporting on the deterioration of home values in Irvine."</p> <p>...such as the <em>actual</em> deterioration of home values in Irvine!</p>

<p>The big question is "How low will the lender go?" </p> <p>At what point, if at all, will the lender say, "Okay, I've had it with these turkeys who want to pay much less than they originally promised for their house. I would rather get new people in this house even if it means losing...

<p>"Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves. ~St Matthew 7:15~ "</p> <p>Who would have guessed that St. Mathew had to deal with an association of realtors in his day!</p>

<p>"...what deal is the bank going to give you to make you not want to mail in the keys?"</p> <p>Is it possible for someone, let's say someone with no money down, to go to his bank and say "Yo! Since the current value of my house is 35% less in value than the price I purchased it 3 years ago...

<p>"I said sure come on over and i will activate your dental plan." - LOL!!!</p> <p>I gotta believe there are brokers out there who are constantly watching their backs now. I imagine in the next few years some of these folks will "disappear" on their own or by other means.</p>

<p>"I think paying 3k a month for a mortgage is very reasonable. That comes out to a 500k loan."</p> <p>Food for thought: If the lending standards of yore return, i.e., no more than 30%DTI, then that means you're bringing home 108K/year. (Okay, I rounded up to 33% DTI!).</p> <p>How many...