- This topic has 20 replies, 4 voices, and was last updated 15 years, 4 months ago by
SD Realtor.
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AuthorPosts
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November 24, 2007 at 4:14 PM #10984
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November 24, 2007 at 5:08 PM #103290
luxuryglow
Participant“We’re nowhere close to the end of the collapse”
…and i wonder if we are just starting…
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November 24, 2007 at 5:38 PM #103294
SD Realtor
ParticipantI think guys like Charles Shumer are just as bad as people like Lawrence Yun… What did you guys think of this statement in the article,
“Sen. Charles Schumer, D-N.Y., a key member of Senate finance and banking committees, said borrowers are the ones who need relief. The playbook to bail out the economy would not be applied to the banks and mortgage originators, but money could be funneled through non-profit organizations to homeowners that need help, he said in an interview with The Associated Press”
or this idea –
“There’s also been talk of letting government-backed lenders like Fannie Mae and Freddie Mac buy mortgages of as much as $1 million from lenders, pay the government a fee for guaranteeing them and then turn them into securities to be sold to investors. This would extend the government’s support, and its exposure, to the mortgage market to help alleviate stress.”
I LOVE THAT ONE!! Lets let Fannie and Freddie buy $1M POS and then pay the GOVERNMENT aka our tax money to gaurantee them and THEN turn them into securities!
Good to see there are rational solutions being bantered about!
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November 24, 2007 at 9:09 PM #103310
temeculaguy
ParticipantIt’s all noise, if Schumer had two or three senators in his camp they just left now that fannie and freddi lost half their value in the past few weeks just based on the preliminary results of their exposure to the first wave of crappy loans. There will be zero support to increase that exposure, it’s possible they will tighten standards, likely it will stay the same but highly improbable that they will loosen and expand them. I can guarantee that Schumer and other policians will continue to parade around with new ideas to save the people losing their homes but nothing will get done, it’s all for appearance sake to get votes. By the time the election rolls around it will be over, the majority of the arms will have reset and the houses will have been lost. It’s all pretend, there’s no way for the government to undo this, they didn’t cause it and they can’t fix it. Politicians will try to blame other politicians for it and claim to have a plan to fix it but understand that all it is, is noise.
SD, someone beat me to that repo I e-mailed you about. I won’t have to worry about the tough decision anymore, it got made for me, looks like I’m waiting it out.
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November 24, 2007 at 10:05 PM #103315Participant
It may or may not be just noise. However that is how it always starts right?
I agree that the government cannot undo this. However wouldn’t you agree that the government can waste a whole lot of time and OUR money by further politicizing it? Yes everyone will blame everyone else and in the long run alot of nothing will get done and money will be wasted.
Wouldn’t it be nice if the government just let it be and tried to actually focus on not running the country into the ground?
***
No worries on the repo… You and I know there will be more of them to come.
Big game tomorrow… lets hope we can scrap a win out.
SD Realtor
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November 24, 2007 at 10:05 PM #103394Participant
It may or may not be just noise. However that is how it always starts right?
I agree that the government cannot undo this. However wouldn’t you agree that the government can waste a whole lot of time and OUR money by further politicizing it? Yes everyone will blame everyone else and in the long run alot of nothing will get done and money will be wasted.
Wouldn’t it be nice if the government just let it be and tried to actually focus on not running the country into the ground?
***
No worries on the repo… You and I know there will be more of them to come.
Big game tomorrow… lets hope we can scrap a win out.
SD Realtor
-
November 24, 2007 at 10:05 PM #103411Participant
It may or may not be just noise. However that is how it always starts right?
I agree that the government cannot undo this. However wouldn’t you agree that the government can waste a whole lot of time and OUR money by further politicizing it? Yes everyone will blame everyone else and in the long run alot of nothing will get done and money will be wasted.
Wouldn’t it be nice if the government just let it be and tried to actually focus on not running the country into the ground?
***
No worries on the repo… You and I know there will be more of them to come.
Big game tomorrow… lets hope we can scrap a win out.
SD Realtor
-
November 24, 2007 at 10:05 PM #103435Participant
It may or may not be just noise. However that is how it always starts right?
I agree that the government cannot undo this. However wouldn’t you agree that the government can waste a whole lot of time and OUR money by further politicizing it? Yes everyone will blame everyone else and in the long run alot of nothing will get done and money will be wasted.
Wouldn’t it be nice if the government just let it be and tried to actually focus on not running the country into the ground?
***
No worries on the repo… You and I know there will be more of them to come.
Big game tomorrow… lets hope we can scrap a win out.
SD Realtor
-
November 24, 2007 at 10:05 PM #103458Participant
It may or may not be just noise. However that is how it always starts right?
I agree that the government cannot undo this. However wouldn’t you agree that the government can waste a whole lot of time and OUR money by further politicizing it? Yes everyone will blame everyone else and in the long run alot of nothing will get done and money will be wasted.
Wouldn’t it be nice if the government just let it be and tried to actually focus on not running the country into the ground?
***
No worries on the repo… You and I know there will be more of them to come.
Big game tomorrow… lets hope we can scrap a win out.
SD Realtor
-
November 24, 2007 at 9:09 PM #103389Participant
It’s all noise, if Schumer had two or three senators in his camp they just left now that fannie and freddi lost half their value in the past few weeks just based on the preliminary results of their exposure to the first wave of crappy loans. There will be zero support to increase that exposure, it’s possible they will tighten standards, likely it will stay the same but highly improbable that they will loosen and expand them. I can guarantee that Schumer and other policians will continue to parade around with new ideas to save the people losing their homes but nothing will get done, it’s all for appearance sake to get votes. By the time the election rolls around it will be over, the majority of the arms will have reset and the houses will have been lost. It’s all pretend, there’s no way for the government to undo this, they didn’t cause it and they can’t fix it. Politicians will try to blame other politicians for it and claim to have a plan to fix it but understand that all it is, is noise.
SD, someone beat me to that repo I e-mailed you about. I won’t have to worry about the tough decision anymore, it got made for me, looks like I’m waiting it out.
-
November 24, 2007 at 9:09 PM #103405Participant
It’s all noise, if Schumer had two or three senators in his camp they just left now that fannie and freddi lost half their value in the past few weeks just based on the preliminary results of their exposure to the first wave of crappy loans. There will be zero support to increase that exposure, it’s possible they will tighten standards, likely it will stay the same but highly improbable that they will loosen and expand them. I can guarantee that Schumer and other policians will continue to parade around with new ideas to save the people losing their homes but nothing will get done, it’s all for appearance sake to get votes. By the time the election rolls around it will be over, the majority of the arms will have reset and the houses will have been lost. It’s all pretend, there’s no way for the government to undo this, they didn’t cause it and they can’t fix it. Politicians will try to blame other politicians for it and claim to have a plan to fix it but understand that all it is, is noise.
SD, someone beat me to that repo I e-mailed you about. I won’t have to worry about the tough decision anymore, it got made for me, looks like I’m waiting it out.
-
November 24, 2007 at 9:09 PM #103430Participant
It’s all noise, if Schumer had two or three senators in his camp they just left now that fannie and freddi lost half their value in the past few weeks just based on the preliminary results of their exposure to the first wave of crappy loans. There will be zero support to increase that exposure, it’s possible they will tighten standards, likely it will stay the same but highly improbable that they will loosen and expand them. I can guarantee that Schumer and other policians will continue to parade around with new ideas to save the people losing their homes but nothing will get done, it’s all for appearance sake to get votes. By the time the election rolls around it will be over, the majority of the arms will have reset and the houses will have been lost. It’s all pretend, there’s no way for the government to undo this, they didn’t cause it and they can’t fix it. Politicians will try to blame other politicians for it and claim to have a plan to fix it but understand that all it is, is noise.
SD, someone beat me to that repo I e-mailed you about. I won’t have to worry about the tough decision anymore, it got made for me, looks like I’m waiting it out.
-
November 24, 2007 at 9:09 PM #103452Participant
It’s all noise, if Schumer had two or three senators in his camp they just left now that fannie and freddi lost half their value in the past few weeks just based on the preliminary results of their exposure to the first wave of crappy loans. There will be zero support to increase that exposure, it’s possible they will tighten standards, likely it will stay the same but highly improbable that they will loosen and expand them. I can guarantee that Schumer and other policians will continue to parade around with new ideas to save the people losing their homes but nothing will get done, it’s all for appearance sake to get votes. By the time the election rolls around it will be over, the majority of the arms will have reset and the houses will have been lost. It’s all pretend, there’s no way for the government to undo this, they didn’t cause it and they can’t fix it. Politicians will try to blame other politicians for it and claim to have a plan to fix it but understand that all it is, is noise.
SD, someone beat me to that repo I e-mailed you about. I won’t have to worry about the tough decision anymore, it got made for me, looks like I’m waiting it out.
-
-
November 24, 2007 at 5:38 PM #103374Participant
I think guys like Charles Shumer are just as bad as people like Lawrence Yun… What did you guys think of this statement in the article,
“Sen. Charles Schumer, D-N.Y., a key member of Senate finance and banking committees, said borrowers are the ones who need relief. The playbook to bail out the economy would not be applied to the banks and mortgage originators, but money could be funneled through non-profit organizations to homeowners that need help, he said in an interview with The Associated Press”
or this idea –
“There’s also been talk of letting government-backed lenders like Fannie Mae and Freddie Mac buy mortgages of as much as $1 million from lenders, pay the government a fee for guaranteeing them and then turn them into securities to be sold to investors. This would extend the government’s support, and its exposure, to the mortgage market to help alleviate stress.”
I LOVE THAT ONE!! Lets let Fannie and Freddie buy $1M POS and then pay the GOVERNMENT aka our tax money to gaurantee them and THEN turn them into securities!
Good to see there are rational solutions being bantered about!
-
November 24, 2007 at 5:38 PM #103390Participant
I think guys like Charles Shumer are just as bad as people like Lawrence Yun… What did you guys think of this statement in the article,
“Sen. Charles Schumer, D-N.Y., a key member of Senate finance and banking committees, said borrowers are the ones who need relief. The playbook to bail out the economy would not be applied to the banks and mortgage originators, but money could be funneled through non-profit organizations to homeowners that need help, he said in an interview with The Associated Press”
or this idea –
“There’s also been talk of letting government-backed lenders like Fannie Mae and Freddie Mac buy mortgages of as much as $1 million from lenders, pay the government a fee for guaranteeing them and then turn them into securities to be sold to investors. This would extend the government’s support, and its exposure, to the mortgage market to help alleviate stress.”
I LOVE THAT ONE!! Lets let Fannie and Freddie buy $1M POS and then pay the GOVERNMENT aka our tax money to gaurantee them and THEN turn them into securities!
Good to see there are rational solutions being bantered about!
-
November 24, 2007 at 5:38 PM #103414Participant
I think guys like Charles Shumer are just as bad as people like Lawrence Yun… What did you guys think of this statement in the article,
“Sen. Charles Schumer, D-N.Y., a key member of Senate finance and banking committees, said borrowers are the ones who need relief. The playbook to bail out the economy would not be applied to the banks and mortgage originators, but money could be funneled through non-profit organizations to homeowners that need help, he said in an interview with The Associated Press”
or this idea –
“There’s also been talk of letting government-backed lenders like Fannie Mae and Freddie Mac buy mortgages of as much as $1 million from lenders, pay the government a fee for guaranteeing them and then turn them into securities to be sold to investors. This would extend the government’s support, and its exposure, to the mortgage market to help alleviate stress.”
I LOVE THAT ONE!! Lets let Fannie and Freddie buy $1M POS and then pay the GOVERNMENT aka our tax money to gaurantee them and THEN turn them into securities!
Good to see there are rational solutions being bantered about!
-
November 24, 2007 at 5:38 PM #103436Participant
I think guys like Charles Shumer are just as bad as people like Lawrence Yun… What did you guys think of this statement in the article,
“Sen. Charles Schumer, D-N.Y., a key member of Senate finance and banking committees, said borrowers are the ones who need relief. The playbook to bail out the economy would not be applied to the banks and mortgage originators, but money could be funneled through non-profit organizations to homeowners that need help, he said in an interview with The Associated Press”
or this idea –
“There’s also been talk of letting government-backed lenders like Fannie Mae and Freddie Mac buy mortgages of as much as $1 million from lenders, pay the government a fee for guaranteeing them and then turn them into securities to be sold to investors. This would extend the government’s support, and its exposure, to the mortgage market to help alleviate stress.”
I LOVE THAT ONE!! Lets let Fannie and Freddie buy $1M POS and then pay the GOVERNMENT aka our tax money to gaurantee them and THEN turn them into securities!
Good to see there are rational solutions being bantered about!
-
-
November 24, 2007 at 5:08 PM #103369Participant
“We’re nowhere close to the end of the collapse”
…and i wonder if we are just starting…
-
November 24, 2007 at 5:08 PM #103386Participant
“We’re nowhere close to the end of the collapse”
…and i wonder if we are just starting…
-
November 24, 2007 at 5:08 PM #103409Participant
“We’re nowhere close to the end of the collapse”
…and i wonder if we are just starting…
-
November 24, 2007 at 5:08 PM #103431Participant
“We’re nowhere close to the end of the collapse”
…and i wonder if we are just starting…
-
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