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jpinpb.
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February 12, 2009 at 8:54 PM #346081February 12, 2009 at 9:28 PM #345548
an
ParticipantIt’s running right now.
February 12, 2009 at 9:28 PM #345868ParticipantIt’s running right now.
February 12, 2009 at 9:28 PM #345974ParticipantIt’s running right now.
February 12, 2009 at 9:28 PM #346008ParticipantIt’s running right now.
February 12, 2009 at 9:28 PM #346106ParticipantIt’s running right now.
February 12, 2009 at 9:35 PM #345558AK
ParticipantPosting while watching it on the couch.
Interesting … a former subprime mortgage exec with Quick Loan Funding states plainly that he sold Wall Street on “sub-500” loans.
That’s not the story one usually hears from the industry … the “party line” is that Wall Street set all the underwriting standards and that the mortgage industry was a powerless victim.
Now they’re interviewing a guy who bought a $584K townhome in San Clemente on a $900/wk job using a stated-income loan. Incidentally it’s a few miles down the road from the far more proletarian duplex I rent.
February 12, 2009 at 9:35 PM #345878ParticipantPosting while watching it on the couch.
Interesting … a former subprime mortgage exec with Quick Loan Funding states plainly that he sold Wall Street on “sub-500” loans.
That’s not the story one usually hears from the industry … the “party line” is that Wall Street set all the underwriting standards and that the mortgage industry was a powerless victim.
Now they’re interviewing a guy who bought a $584K townhome in San Clemente on a $900/wk job using a stated-income loan. Incidentally it’s a few miles down the road from the far more proletarian duplex I rent.
February 12, 2009 at 9:35 PM #345984ParticipantPosting while watching it on the couch.
Interesting … a former subprime mortgage exec with Quick Loan Funding states plainly that he sold Wall Street on “sub-500” loans.
That’s not the story one usually hears from the industry … the “party line” is that Wall Street set all the underwriting standards and that the mortgage industry was a powerless victim.
Now they’re interviewing a guy who bought a $584K townhome in San Clemente on a $900/wk job using a stated-income loan. Incidentally it’s a few miles down the road from the far more proletarian duplex I rent.
February 12, 2009 at 9:35 PM #346018ParticipantPosting while watching it on the couch.
Interesting … a former subprime mortgage exec with Quick Loan Funding states plainly that he sold Wall Street on “sub-500” loans.
That’s not the story one usually hears from the industry … the “party line” is that Wall Street set all the underwriting standards and that the mortgage industry was a powerless victim.
Now they’re interviewing a guy who bought a $584K townhome in San Clemente on a $900/wk job using a stated-income loan. Incidentally it’s a few miles down the road from the far more proletarian duplex I rent.
February 12, 2009 at 9:35 PM #346116ParticipantPosting while watching it on the couch.
Interesting … a former subprime mortgage exec with Quick Loan Funding states plainly that he sold Wall Street on “sub-500” loans.
That’s not the story one usually hears from the industry … the “party line” is that Wall Street set all the underwriting standards and that the mortgage industry was a powerless victim.
Now they’re interviewing a guy who bought a $584K townhome in San Clemente on a $900/wk job using a stated-income loan. Incidentally it’s a few miles down the road from the far more proletarian duplex I rent.
February 13, 2009 at 9:13 AM #345776Casca
ParticipantIt was a great, two-hour, comprehensive reiteration of what happened. They started with buyers, and traveled the food chain all the way out to foreign investors, all the while explaining the process and reinforcing with first person interviews.
At the end, the reporter tries to tar the loan and investment instrument folks in the middle as greedy, but it’s awfully hard not to see the people at both ends of the chain as greedy and stupid.
February 13, 2009 at 9:13 AM #346097ParticipantIt was a great, two-hour, comprehensive reiteration of what happened. They started with buyers, and traveled the food chain all the way out to foreign investors, all the while explaining the process and reinforcing with first person interviews.
At the end, the reporter tries to tar the loan and investment instrument folks in the middle as greedy, but it’s awfully hard not to see the people at both ends of the chain as greedy and stupid.
February 13, 2009 at 9:13 AM #346204ParticipantIt was a great, two-hour, comprehensive reiteration of what happened. They started with buyers, and traveled the food chain all the way out to foreign investors, all the while explaining the process and reinforcing with first person interviews.
At the end, the reporter tries to tar the loan and investment instrument folks in the middle as greedy, but it’s awfully hard not to see the people at both ends of the chain as greedy and stupid.
February 13, 2009 at 9:13 AM #346238ParticipantIt was a great, two-hour, comprehensive reiteration of what happened. They started with buyers, and traveled the food chain all the way out to foreign investors, all the while explaining the process and reinforcing with first person interviews.
At the end, the reporter tries to tar the loan and investment instrument folks in the middle as greedy, but it’s awfully hard not to see the people at both ends of the chain as greedy and stupid.
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