Mortgage charts

[moneymaker]

Maybe this has been posted. I’m just curious if anybody is interested in a chart of mortgages(purchases and refi’s)in the US over the past 5 years in Billions of dollars.I’m using a small d in dollars on purpose.It seems to me for a bank to be profitable they need to continue making loans,the last amortization table I looked at showed they make most of their money the first 5 years or so. One of the big reasons we had a Depression in ’29-’33 was because banks refused to loan even when they had the funds.

[HLS]

Banks are just mortgage brokers that have most people fooled.
Banks dont make money lending their money out for 30 years at low interest rates. Banks don’t lose money by originating loans.

Banks aren’t stupid, but many people who deal with them are, and that’s how the banks like it.
Pay high fees, overdraft charges, bounced check fees, ATM fees, and loan money out for much more than it costs them.

Loan originations and loan servicing are like apples and peanuts.
Just because a payment is sent to the LOAN SERVICING department of a bank does not mean that the bank owns the loan.

The bank doesn’t have the authority to modify something that they don’t own.

Profits are higher in the early years of a loan because principal balances are higher in the early years of a loan.

One of the big reasons that there was a depression in the 1930’s was because the government stuck their nose in at the wrong time with the illusion that they knew how to fix the problem, instead of allowing it to fix itself.
This did nothing more than prolong the downturn to about 12 years.

The public was clueless, living beyond their means with a sense of entitlement and unwilling to face reality; desperately wanting to believe that the clueless govt was going to save them.

History is repeating itself right before our eyes but millions of people refuse to see it.

There appears to be no shortage of money available for people who qualify for a loan. People don’t understand what it means to qualify.

Allowing something bad to happen and then pretend like they know how to fix it is a pathetic cycle that repeats itself over and over again.
The wrong people are blamed for what happened and most people want to think that things can go back to the way they were because it was easier for them…

[HLS]

Banks are just mortgage brokers that have most people fooled.
Banks dont make money lending their money out for 30 years at low interest rates. Banks don’t lose money by originating loans.

Banks aren’t stupid, but many people who deal with them are, and that’s how the banks like it.
Pay high fees, overdraft charges, bounced check fees, ATM fees, and loan money out for much more than it costs them.

Loan originations and loan servicing are like apples and peanuts.
Just because a payment is sent to the LOAN SERVICING department of a bank does not mean that the bank owns the loan.

The bank doesn’t have the authority to modify something that they don’t own.

Profits are higher in the early years of a loan because principal balances are higher in the early years of a loan.

One of the big reasons that there was a depression in the 1930’s was because the government stuck their nose in at the wrong time with the illusion that they knew how to fix the problem, instead of allowing it to fix itself.
This did nothing more than prolong the downturn to about 12 years.

The public was clueless, living beyond their means with a sense of entitlement and unwilling to face reality; desperately wanting to believe that the clueless govt was going to save them.

History is repeating itself right before our eyes but millions of people refuse to see it.

There appears to be no shortage of money available for people who qualify for a loan. People don’t understand what it means to qualify.

Allowing something bad to happen and then pretend like they know how to fix it is a pathetic cycle that repeats itself over and over again.
The wrong people are blamed for what happened and most people want to think that things can go back to the way they were because it was easier for them…

[HLS]

Banks are just mortgage brokers that have most people fooled.
Banks dont make money lending their money out for 30 years at low interest rates. Banks don’t lose money by originating loans.

Banks aren’t stupid, but many people who deal with them are, and that’s how the banks like it.
Pay high fees, overdraft charges, bounced check fees, ATM fees, and loan money out for much more than it costs them.

Loan originations and loan servicing are like apples and peanuts.
Just because a payment is sent to the LOAN SERVICING department of a bank does not mean that the bank owns the loan.

The bank doesn’t have the authority to modify something that they don’t own.

Profits are higher in the early years of a loan because principal balances are higher in the early years of a loan.

One of the big reasons that there was a depression in the 1930’s was because the government stuck their nose in at the wrong time with the illusion that they knew how to fix the problem, instead of allowing it to fix itself.
This did nothing more than prolong the downturn to about 12 years.

The public was clueless, living beyond their means with a sense of entitlement and unwilling to face reality; desperately wanting to believe that the clueless govt was going to save them.

History is repeating itself right before our eyes but millions of people refuse to see it.

There appears to be no shortage of money available for people who qualify for a loan. People don’t understand what it means to qualify.

Allowing something bad to happen and then pretend like they know how to fix it is a pathetic cycle that repeats itself over and over again.
The wrong people are blamed for what happened and most people want to think that things can go back to the way they were because it was easier for them…

[HLS]

Banks are just mortgage brokers that have most people fooled.
Banks dont make money lending their money out for 30 years at low interest rates. Banks don’t lose money by originating loans.

Banks aren’t stupid, but many people who deal with them are, and that’s how the banks like it.
Pay high fees, overdraft charges, bounced check fees, ATM fees, and loan money out for much more than it costs them.

Loan originations and loan servicing are like apples and peanuts.
Just because a payment is sent to the LOAN SERVICING department of a bank does not mean that the bank owns the loan.

The bank doesn’t have the authority to modify something that they don’t own.

Profits are higher in the early years of a loan because principal balances are higher in the early years of a loan.

One of the big reasons that there was a depression in the 1930’s was because the government stuck their nose in at the wrong time with the illusion that they knew how to fix the problem, instead of allowing it to fix itself.
This did nothing more than prolong the downturn to about 12 years.

The public was clueless, living beyond their means with a sense of entitlement and unwilling to face reality; desperately wanting to believe that the clueless govt was going to save them.

History is repeating itself right before our eyes but millions of people refuse to see it.

There appears to be no shortage of money available for people who qualify for a loan. People don’t understand what it means to qualify.

Allowing something bad to happen and then pretend like they know how to fix it is a pathetic cycle that repeats itself over and over again.
The wrong people are blamed for what happened and most people want to think that things can go back to the way they were because it was easier for them…

[HLS]

Banks are just mortgage brokers that have most people fooled.
Banks dont make money lending their money out for 30 years at low interest rates. Banks don’t lose money by originating loans.

Banks aren’t stupid, but many people who deal with them are, and that’s how the banks like it.
Pay high fees, overdraft charges, bounced check fees, ATM fees, and loan money out for much more than it costs them.

Loan originations and loan servicing are like apples and peanuts.
Just because a payment is sent to the LOAN SERVICING department of a bank does not mean that the bank owns the loan.

The bank doesn’t have the authority to modify something that they don’t own.

Profits are higher in the early years of a loan because principal balances are higher in the early years of a loan.

One of the big reasons that there was a depression in the 1930’s was because the government stuck their nose in at the wrong time with the illusion that they knew how to fix the problem, instead of allowing it to fix itself.
This did nothing more than prolong the downturn to about 12 years.

The public was clueless, living beyond their means with a sense of entitlement and unwilling to face reality; desperately wanting to believe that the clueless govt was going to save them.

History is repeating itself right before our eyes but millions of people refuse to see it.

There appears to be no shortage of money available for people who qualify for a loan. People don’t understand what it means to qualify.

Allowing something bad to happen and then pretend like they know how to fix it is a pathetic cycle that repeats itself over and over again.
The wrong people are blamed for what happened and most people want to think that things can go back to the way they were because it was easier for them…

[moneymaker]

I could be wrong but I thought the government did nothing (other than the works program) during the last Depression. You are right about the reselling that banks do,in which case they make their 1-2% upfront right away, once again though if they don’t loan they don’t make that 1-2%,and yes I was including that in the first 5 years statement.

[moneymaker]

I could be wrong but I thought the government did nothing (other than the works program) during the last Depression. You are right about the reselling that banks do,in which case they make their 1-2% upfront right away, once again though if they don’t loan they don’t make that 1-2%,and yes I was including that in the first 5 years statement.

[moneymaker]

I could be wrong but I thought the government did nothing (other than the works program) during the last Depression. You are right about the reselling that banks do,in which case they make their 1-2% upfront right away, once again though if they don’t loan they don’t make that 1-2%,and yes I was including that in the first 5 years statement.

[moneymaker]

I could be wrong but I thought the government did nothing (other than the works program) during the last Depression. You are right about the reselling that banks do,in which case they make their 1-2% upfront right away, once again though if they don’t loan they don’t make that 1-2%,and yes I was including that in the first 5 years statement.

[moneymaker]

I could be wrong but I thought the government did nothing (other than the works program) during the last Depression. You are right about the reselling that banks do,in which case they make their 1-2% upfront right away, once again though if they don’t loan they don’t make that 1-2%,and yes I was including that in the first 5 years statement.

[HLS]

TK,,
You need to brush up on your economic history. Take a look at the Panics of 1837, 1857,1861,1873,1884 1893,1901,1907,1913,1921,1929 and govt intervention.

Govt is more concerned about being popular than telling the truth.

If their action doesn’t cause a crisis, then their INaction does, which is what just happened with the housing bubble.

Idiots in govt that pretend to be outraged today are the same fools that stood by and spread the happy talk taking credit for a booming economy, which was nothing more than inflating a bubble.

Govt intervention AFTER the crisis is always the problem, not the solution. It’s a farce.

Govt isn’t the solution, they are often the problem.

Hurricane Katrina, airline security, Wall Street fraud, Housing bubble, job losses etc were all obvious/predictable issues that were left alone until AFTER they became a HUGE problem.

Then the same idiots pretend like they are concerned and are going to prevent it from happening again. It’s too late.

Simple fix to the economy today
1) Abolish credit cards
2) Require 50% down to get a mortgage.

People will whine, cry, complain and squeal like pigs until they grow up and accept reality and they they can no longer buy whatever they want, whenever they want.

People will be forced to live within their means.

Business cycles are normal without intervention..
they become distorted with intervention.

The illusion of prosperity and wealth is something that very few people want to give up. The govt isn’t helping, and the wrong people are getting blamed for the root cause of the crisis.

[HLS]

TK,,
You need to brush up on your economic history. Take a look at the Panics of 1837, 1857,1861,1873,1884 1893,1901,1907,1913,1921,1929 and govt intervention.

Govt is more concerned about being popular than telling the truth.

If their action doesn’t cause a crisis, then their INaction does, which is what just happened with the housing bubble.

Idiots in govt that pretend to be outraged today are the same fools that stood by and spread the happy talk taking credit for a booming economy, which was nothing more than inflating a bubble.

Govt intervention AFTER the crisis is always the problem, not the solution. It’s a farce.

Govt isn’t the solution, they are often the problem.

Hurricane Katrina, airline security, Wall Street fraud, Housing bubble, job losses etc were all obvious/predictable issues that were left alone until AFTER they became a HUGE problem.

Then the same idiots pretend like they are concerned and are going to prevent it from happening again. It’s too late.

Simple fix to the economy today
1) Abolish credit cards
2) Require 50% down to get a mortgage.

People will whine, cry, complain and squeal like pigs until they grow up and accept reality and they they can no longer buy whatever they want, whenever they want.

People will be forced to live within their means.

Business cycles are normal without intervention..
they become distorted with intervention.

The illusion of prosperity and wealth is something that very few people want to give up. The govt isn’t helping, and the wrong people are getting blamed for the root cause of the crisis.

[HLS]

TK,,
You need to brush up on your economic history. Take a look at the Panics of 1837, 1857,1861,1873,1884 1893,1901,1907,1913,1921,1929 and govt intervention.

Govt is more concerned about being popular than telling the truth.

If their action doesn’t cause a crisis, then their INaction does, which is what just happened with the housing bubble.

Idiots in govt that pretend to be outraged today are the same fools that stood by and spread the happy talk taking credit for a booming economy, which was nothing more than inflating a bubble.

Govt intervention AFTER the crisis is always the problem, not the solution. It’s a farce.

Govt isn’t the solution, they are often the problem.

Hurricane Katrina, airline security, Wall Street fraud, Housing bubble, job losses etc were all obvious/predictable issues that were left alone until AFTER they became a HUGE problem.

Then the same idiots pretend like they are concerned and are going to prevent it from happening again. It’s too late.

Simple fix to the economy today
1) Abolish credit cards
2) Require 50% down to get a mortgage.

People will whine, cry, complain and squeal like pigs until they grow up and accept reality and they they can no longer buy whatever they want, whenever they want.

People will be forced to live within their means.

Business cycles are normal without intervention..
they become distorted with intervention.

The illusion of prosperity and wealth is something that very few people want to give up. The govt isn’t helping, and the wrong people are getting blamed for the root cause of the crisis.

[HLS]

TK,,
You need to brush up on your economic history. Take a look at the Panics of 1837, 1857,1861,1873,1884 1893,1901,1907,1913,1921,1929 and govt intervention.

Govt is more concerned about being popular than telling the truth.

If their action doesn’t cause a crisis, then their INaction does, which is what just happened with the housing bubble.

Idiots in govt that pretend to be outraged today are the same fools that stood by and spread the happy talk taking credit for a booming economy, which was nothing more than inflating a bubble.

Govt intervention AFTER the crisis is always the problem, not the solution. It’s a farce.

Govt isn’t the solution, they are often the problem.

Hurricane Katrina, airline security, Wall Street fraud, Housing bubble, job losses etc were all obvious/predictable issues that were left alone until AFTER they became a HUGE problem.

Then the same idiots pretend like they are concerned and are going to prevent it from happening again. It’s too late.

Simple fix to the economy today
1) Abolish credit cards
2) Require 50% down to get a mortgage.

People will whine, cry, complain and squeal like pigs until they grow up and accept reality and they they can no longer buy whatever they want, whenever they want.

People will be forced to live within their means.

Business cycles are normal without intervention..
they become distorted with intervention.

The illusion of prosperity and wealth is something that very few people want to give up. The govt isn’t helping, and the wrong people are getting blamed for the root cause of the crisis.

[Author]

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