Foreclosure freeze conspiracy theory

[WTF]

Anybody else think the banks (or Fannie/Freddie/gov’t) may be behind the foreclosure freeze?

Seems like a clever excuse to keep shadow inventory off the market while getting backing from the courts, politicians, and public for doing so.

I know this started with Ally (GMAC) but haven’t been able to pinpoint where this started, which makes me suspicious. Who sued who in the first place? I haven’t found the specifics.

Seems like it could end with everyone throwing up their hands and writing mortgages down to market value since it would be cheaper than litigating–and maybe a politically palatable way of doing so.

Maybe this is just naturally happening, but there is no denying: wiggle room is being created here.

Thoughts?

[jficquette]

Here is an article that discusses it.

http://www.calculatedriskblog.com/2007/11/deutsche-bank-fc-problems-and-revenge.html

[jficquette]

Here is an article that discusses it.

http://www.calculatedriskblog.com/2007/11/deutsche-bank-fc-problems-and-revenge.html

[jficquette]

Here is an article that discusses it.

http://www.calculatedriskblog.com/2007/11/deutsche-bank-fc-problems-and-revenge.html

[jficquette]

Here is an article that discusses it.

http://www.calculatedriskblog.com/2007/11/deutsche-bank-fc-problems-and-revenge.html

[jficquette]

Here is an article that discusses it.

http://www.calculatedriskblog.com/2007/11/deutsche-bank-fc-problems-and-revenge.html

[Aecetia]

Yes, but who knows where the marching orders are coming from. The banks are still artificially propping up the prices so they do not get left holding a bunch of toxic assets. Theory 2, after the Fed devalues the dollar, they will be holding less in terms of value toxic assets, but of course, its all relative. They do not want to crash the damaged real estate market any more than it already is in an election year. No free market here.

[Aecetia]

Yes, but who knows where the marching orders are coming from. The banks are still artificially propping up the prices so they do not get left holding a bunch of toxic assets. Theory 2, after the Fed devalues the dollar, they will be holding less in terms of value toxic assets, but of course, its all relative. They do not want to crash the damaged real estate market any more than it already is in an election year. No free market here.

[Aecetia]

Yes, but who knows where the marching orders are coming from. The banks are still artificially propping up the prices so they do not get left holding a bunch of toxic assets. Theory 2, after the Fed devalues the dollar, they will be holding less in terms of value toxic assets, but of course, its all relative. They do not want to crash the damaged real estate market any more than it already is in an election year. No free market here.

[Aecetia]

Yes, but who knows where the marching orders are coming from. The banks are still artificially propping up the prices so they do not get left holding a bunch of toxic assets. Theory 2, after the Fed devalues the dollar, they will be holding less in terms of value toxic assets, but of course, its all relative. They do not want to crash the damaged real estate market any more than it already is in an election year. No free market here.

[Aecetia]

Yes, but who knows where the marching orders are coming from. The banks are still artificially propping up the prices so they do not get left holding a bunch of toxic assets. Theory 2, after the Fed devalues the dollar, they will be holding less in terms of value toxic assets, but of course, its all relative. They do not want to crash the damaged real estate market any more than it already is in an election year. No free market here.

[sdrealtor]

They have people signing off on thosusands of documents a month without the capacity to read any of them. They are literally signing a page a minute for ever working minute they are at work not allowing for lunch or bathroom breaks. These are legal proceedings being undertaken by autograph signing machines. They simply dont have the capacity to perform what they are bound to. This isnt a conspiracy this is a bunch of lawyers shutting down a procedural problem.

[sdrealtor]

They have people signing off on thosusands of documents a month without the capacity to read any of them. They are literally signing a page a minute for ever working minute they are at work not allowing for lunch or bathroom breaks. These are legal proceedings being undertaken by autograph signing machines. They simply dont have the capacity to perform what they are bound to. This isnt a conspiracy this is a bunch of lawyers shutting down a procedural problem.

[sdrealtor]

They have people signing off on thosusands of documents a month without the capacity to read any of them. They are literally signing a page a minute for ever working minute they are at work not allowing for lunch or bathroom breaks. These are legal proceedings being undertaken by autograph signing machines. They simply dont have the capacity to perform what they are bound to. This isnt a conspiracy this is a bunch of lawyers shutting down a procedural problem.

[sdrealtor]

They have people signing off on thosusands of documents a month without the capacity to read any of them. They are literally signing a page a minute for ever working minute they are at work not allowing for lunch or bathroom breaks. These are legal proceedings being undertaken by autograph signing machines. They simply dont have the capacity to perform what they are bound to. This isnt a conspiracy this is a bunch of lawyers shutting down a procedural problem.

[Author]

Posts