Market Update

[quote author="graphrix" date=1253154026]I have warned you more than enough times now Skippy. Now you get to face the consequences.</blockquote>


Now that's weak. Undeserved.



Not saying I agree, but not harsh enough to start having posts deleted.
 
[quote author="RoLar_USC" date=1253147623][quote author="CapitalismWorks" date=1253147097][quote author="RoLar_USC" date=1253145122]<strong>Market Update</strong>

<a href="http://occoastalnews.com/?p=737"><img class="aligncenter size-full wp-image-711" title="Combo" src="http://occoastalnews.com/wp-content/uploads/2009/09/09-14-09.jpg" alt="Combo" width="800" height="449" /></a>

<a href="http://occoastalnews.com/wp-content/uploads/2009/09/09-14-09.jpg">[Enlarge]</a></blockquote>


For someone who isn't trying to promote their own business, I find it interesting that you have found a way to regularly post a link to your website...</blockquote>


It's a blog actually... also why I created a direct link to the enlarged image so people don't have to visit the blog.



It's only proper to cite the work of people who have obviously put in such hard work.



I'm not trying to promote my business, ie jumping on people offering my services to new people or offering my services to anyone actually. Yes, I would like to create a solid blog with decent traffic. Is there something wrong with that? I see a lot worse going on.</blockquote>


Nothing wrong with that at all. Even if you were directly soliciting potential clients on the board, there is nothing wrong with that either. In fact I never said there was anything wrong with anything you have posted.



In a previous exchange you gave the Desdemona regarding your intention to profit from your participation, thus the comment today. The only thing I have done is imply that there is potential for bias towards an optimistic view on real estate in your posts given that you are a real estate agent. I think the fact that you were up front about your profession was laudable considering that such dislosure clearly identified which axe you intended you grind.



I like the data. Thanks for posting.
 
Are you kidding me? Needling about grammer is worse than calling someone a doormat?
 
[quote author="NewportSkipper" date=1253155511]Are you kidding me? Needling about grammer is worse than calling someone a doormat?</blockquote>
Careful, one of these days you'll find yourself banned.
 
[quote author="NewportSkipper" date=1253148448]Thanks for the update, Robert. Those are some fantastic numbers. Post what you want. What you do is a far cry from the begging of people like USC. I cringe every time a newbie posts some possible interest, because you know within minutes it's white-on-rice time.</blockquote>


What does white-on-rice mean? I've never heard that phrase before. Does that mean when a white person jumps an Asian guy?
 
[quote author="USCTrojanCPA" date=1253155605]Careful, one of these days you'll find yourself banned.</blockquote>


I have always advocated <a href="http://en.wikipedia.org/wiki/Disemvoweling">disemvowling,</a> but I have no say in the matter.



I have found that this forum is a significantly less pleasant place to be since Newport Skipper joined in. I haven't read enough to determine whether this is due to his chosen communication style, the reaction to his style, or both. Facts, and the critical examination of those facts and the assumptions on which they are based are welcome in my world, but without the pissing contest, which is annoying, boring, and useless.
 
[quote author="PANDA" date=1253157021]

What does white-on-rice mean? I've never heard that phrase before. Does that mean when a white person jumps an Asian guy?</blockquote>
RUSERIOUS?



Maybe you eat brown rice... here is some edu-ma-cashun for ya:



<a href="http://en.wiktionary.org/wiki/like_white_on_rice">http://en.wiktionary.org/wiki/like_white_on_rice</a>



Don't look for it on Urban Dictionary... it's not the family-friendly connotation.
 
[quote author="zovall" date=1253158912]Any more personal attacks from anyone and you will be banned.</blockquote>


Zovall is a big goober!

Zovall is a big goober!

Zovall is a big goober!
 
[quote author="irvine_home_owner" date=1253166485][quote author="PANDA" date=1253157021]

What does white-on-rice mean? I've never heard that phrase before. Does that mean when a white person jumps an Asian guy?</blockquote>
RUSERIOUS?



Maybe you eat brown rice... here is some edu-ma-cashun for ya:



<a href="http://en.wiktionary.org/wiki/like_white_on_rice">http://en.wiktionary.org/wiki/like_white_on_rice</a>



Don't look for it on Urban Dictionary... it's not the family-friendly connotation.</blockquote>


QuotationsIke & Tina Turner, Baby Get It On (song)

Now you're the finest girl I ever saw in my life

I want to stick to you like white on rice



Ahhh Ooooo.. IHO san... Panda now understanda ya.
 
How the HECK did I manage to miss the last 5 days of this thread?! This whole time I was telling myself, "Wow, the boys have been SO well behaved the last few days! They have really done a great job. It's amazing! Maybe I don't give them enough credit!" .... :shut:
 
[quote author="NewportSkipper" date=1253155511]Are you kidding me? Needling about grammer is worse than calling someone a doormat?</blockquote>


Am I the only one who sees the irony here?
 
It's always interesting how short sighted/minded people are these day. I guess the bulls forgot about the 90 day foreclosure moratorium. That's pretty much up so the fun will begin again shortly.
 
[quote author="norcaljeff" date=1253370187]<strong>It's always interesting how short sighted/minded people are these day.</strong> I guess the bulls forgot about the 90 day foreclosure moratorium. That's pretty much up so the fun will begin again shortly.</blockquote>


I'm sorry but please, before you go calling people short sighted/minded, at least research the Act you are referencing. The main aspect of the 90 day foreclosure moratorium that most people overlook is that "A mortgage loan servicer who has implemented a comprehensive loan modification program may file an application for exemption from the provisions of Civil Code Section 2923.52. Approval of this application provides the mortgage loan servicer an exemption from the additional 90-day period before filing the Notice of Sale when foreclosing on real property as designated by this Section." -http://loanworkout.org/2009/07/californias-foreclosure-moratorium-does-little-to-help-homeowners/



Not only are they exempt, but anyone applying for the exemption is also exempt for 30 days while their application is being reviewed. This was completely pointless in my opinion because most lenders received exemptions, especially the large ones. Which is also why I don't believe that banks are withholding inventory on purpose, because why else would they have applied for the exeptions. The 90 day foreclosure moratorium gave them a perfect excuse to hold inventory.



?In some instances, not only did the firms receive a temporary exemption, many, such as Bank of America, Citimortgage, EMC Mortgage, Kondur Capital and Select Portfolio Servicing, all received their exemptions WITHIN 24 HOURS OF ENACTMENT OF THE LAW..."



All the main servicers have exemptions, check it out:http://www.corp.ca.gov/FSD/CFP/



"And the bill says it does not require a servicer to violate contracts for ?investor-owned loans.? The most troubled loans are generally those investment banks packaged and sold, and if the servicing contract says foreclosure is preferable to a loan modification, nothing in the law stops foreclosure.



The law also says it does not require a bank to ?provide a modification to a borrower who is not willing or able to pay under the modification.? I am not sure what ?able to pay? means if the target debt-to-income ratio is 38 percent? Maybe if borrowers have to make other hefty payments ? on cars, credit cards etc. ? then they are out of luck."

http://mortgage.freedomblogging.com...-foreclosure-moratorium-starts-sort-of/11945/



This act accomplished nothing more than appeasing a couple struggling homeowners for a shortwhile before they realized they still were going to be foreclosed on.
 
[quote author="RoLar_USC" date=1253371317][quote author="norcaljeff" date=1253370187]<strong>It's always interesting how short sighted/minded people are these day.</strong> I guess the bulls forgot about the 90 day foreclosure moratorium. That's pretty much up so the fun will begin again shortly.</blockquote>


I'm sorry but please, before you go calling people short sighted/minded, at least research the Act you are referencing. The main aspect of the 90 day foreclosure moratorium that most people overlook is that "A mortgage loan servicer who has implemented a comprehensive loan modification program may file an application for exemption from the provisions of Civil Code Section 2923.52. Approval of this application provides the mortgage loan servicer an exemption from the additional 90-day period before filing the Notice of Sale when foreclosing on real property as designated by this Section." -http://loanworkout.org/2009/07/californias-foreclosure-moratorium-does-little-to-help-homeowners/



Not only are they exempt, but anyone applying for the exemption is also exempt for 30 days while their application is being reviewed. This was completely pointless in my opinion because most lenders received exemptions, especially the large ones. Which is also why I don't believe that banks are withholding inventory on purpose, because why else would they have applied for the exeptions. The 90 day foreclosure moratorium gave them a perfect excuse to hold inventory.



?In some instances, not only did the firms receive a temporary exemption, many, such as Bank of America, Citimortgage, EMC Mortgage, Kondur Capital and Select Portfolio Servicing, all received their exemptions WITHIN 24 HOURS OF ENACTMENT OF THE LAW..."



All the main servicers have exemptions, check it out:http://www.corp.ca.gov/FSD/CFP/



"And the bill says it does not require a servicer to violate contracts for ?investor-owned loans.? The most troubled loans are generally those investment banks packaged and sold, and if the servicing contract says foreclosure is preferable to a loan modification, nothing in the law stops foreclosure.



The law also says it does not require a bank to ?provide a modification to a borrower who is not willing or able to pay under the modification.? I am not sure what ?able to pay? means if the target debt-to-income ratio is 38 percent? Maybe if borrowers have to make other hefty payments ? on cars, credit cards etc. ? then they are out of luck."

http://mortgage.freedomblogging.com...-foreclosure-moratorium-starts-sort-of/11945/



This act accomplished nothing more than appeasing a couple struggling homeowners for a shortwhile before they realized they still were going to be foreclosed on.</blockquote>


See... this is what I am talking about... some good hard factual information... I love it. This is really some seriously good stuff, and by far one of the best posts by Robert. I'm really... really glad he stuck around to dish out info like this. He even name dropped Kondaur (correct spelling) capital. Now... drop some capital ratio info on the big banks cited, and you would be the shizzy to my nizzy.



I am being serious... I am not joking... this is some very solid info from Robert, and I really hope he keeps this up. This is what we want and need, someone who understands this on this kind of level, and is willing to share.



Robert, awesome post, keep up the good work, and I sincerely mean that... this was really high caliber stuff.
 
I was getting a little worried thinking that both NewportSkipper and Robert got banned because i haven't seen them post in a couple of days. I am really glad that Robert is still here. Wow!.. a nice compliment from Graphrix to RoLar... This is definitely going in the right direction.
 
[quote author="no_vaseline" date=1253402467]That was solid. Now if we can get him to use the little <a> button to make URL's clickable.........</blockquote>


Only for links to my blog
 
[quote author="PANDA" date=1253403070]I was getting a little worried thinking that both NewportSkipper and Robert got banned because i haven't seen them post in a couple of days. I am really glad that Robert is still here. Wow!.. a nice compliment from Graphrix to RoLar... This is definitely going in the right direction.</blockquote>


Naw, still here. I just realized I was spending hours everyday bickering and forgot I worked. It was time to calm down.
 
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