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The OC Scam.
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AuthorPosts
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December 6, 2007 at 10:13 AM #110486December 6, 2007 at 10:13 AM #110502
NeetaT
ParticipantIt’s all about propping up property values so that the local officials can keep skimming and living lavish life styles.
December 6, 2007 at 10:13 AM #110505ParticipantIt’s all about propping up property values so that the local officials can keep skimming and living lavish life styles.
December 6, 2007 at 10:24 AM #110343cr
Participant…and the news just get worse everyday.
Even if they enacted with full support a fairy tale plan the stopped all future foreclosures from happening we’d still have this:
US Home Foreclosures Hit Record High
…the percentage of all mortgages nationwide that started the foreclosure process jumped to a record high of 0.78 percent during the July-to-September period.
More homeowners also fell behind on their monthly payments. (I guess they don’t qualify for a rate freeze)
The delinquency rate for all mortgages climbed to 5.59 percent in the third quarter…the highest since 1986.
The percentage of subprime adjustable-rate mortgages that entered the foreclosure process soared to a record of 4.72 percent in the third quarter.
Late payments jumped to a record high of 18.81 in the third quarter
California and Florida…accounted for 33.7 percent of the subprime adjustable-rate loans that entered the foreclosure process in the third quarter.
The two states combined also accounted for 42.4 percent of creditworthy “prime” adjustable-rate mortgages that started the foreclosure process.
The damage is done.
December 6, 2007 at 10:24 AM #110459Participant…and the news just get worse everyday.
Even if they enacted with full support a fairy tale plan the stopped all future foreclosures from happening we’d still have this:
US Home Foreclosures Hit Record High
…the percentage of all mortgages nationwide that started the foreclosure process jumped to a record high of 0.78 percent during the July-to-September period.
More homeowners also fell behind on their monthly payments. (I guess they don’t qualify for a rate freeze)
The delinquency rate for all mortgages climbed to 5.59 percent in the third quarter…the highest since 1986.
The percentage of subprime adjustable-rate mortgages that entered the foreclosure process soared to a record of 4.72 percent in the third quarter.
Late payments jumped to a record high of 18.81 in the third quarter
California and Florida…accounted for 33.7 percent of the subprime adjustable-rate loans that entered the foreclosure process in the third quarter.
The two states combined also accounted for 42.4 percent of creditworthy “prime” adjustable-rate mortgages that started the foreclosure process.
The damage is done.
December 6, 2007 at 10:24 AM #110491Participant…and the news just get worse everyday.
Even if they enacted with full support a fairy tale plan the stopped all future foreclosures from happening we’d still have this:
US Home Foreclosures Hit Record High
…the percentage of all mortgages nationwide that started the foreclosure process jumped to a record high of 0.78 percent during the July-to-September period.
More homeowners also fell behind on their monthly payments. (I guess they don’t qualify for a rate freeze)
The delinquency rate for all mortgages climbed to 5.59 percent in the third quarter…the highest since 1986.
The percentage of subprime adjustable-rate mortgages that entered the foreclosure process soared to a record of 4.72 percent in the third quarter.
Late payments jumped to a record high of 18.81 in the third quarter
California and Florida…accounted for 33.7 percent of the subprime adjustable-rate loans that entered the foreclosure process in the third quarter.
The two states combined also accounted for 42.4 percent of creditworthy “prime” adjustable-rate mortgages that started the foreclosure process.
The damage is done.
December 6, 2007 at 10:24 AM #110507Participant…and the news just get worse everyday.
Even if they enacted with full support a fairy tale plan the stopped all future foreclosures from happening we’d still have this:
US Home Foreclosures Hit Record High
…the percentage of all mortgages nationwide that started the foreclosure process jumped to a record high of 0.78 percent during the July-to-September period.
More homeowners also fell behind on their monthly payments. (I guess they don’t qualify for a rate freeze)
The delinquency rate for all mortgages climbed to 5.59 percent in the third quarter…the highest since 1986.
The percentage of subprime adjustable-rate mortgages that entered the foreclosure process soared to a record of 4.72 percent in the third quarter.
Late payments jumped to a record high of 18.81 in the third quarter
California and Florida…accounted for 33.7 percent of the subprime adjustable-rate loans that entered the foreclosure process in the third quarter.
The two states combined also accounted for 42.4 percent of creditworthy “prime” adjustable-rate mortgages that started the foreclosure process.
The damage is done.
December 6, 2007 at 10:24 AM #110510Participant…and the news just get worse everyday.
Even if they enacted with full support a fairy tale plan the stopped all future foreclosures from happening we’d still have this:
US Home Foreclosures Hit Record High
…the percentage of all mortgages nationwide that started the foreclosure process jumped to a record high of 0.78 percent during the July-to-September period.
More homeowners also fell behind on their monthly payments. (I guess they don’t qualify for a rate freeze)
The delinquency rate for all mortgages climbed to 5.59 percent in the third quarter…the highest since 1986.
The percentage of subprime adjustable-rate mortgages that entered the foreclosure process soared to a record of 4.72 percent in the third quarter.
Late payments jumped to a record high of 18.81 in the third quarter
California and Florida…accounted for 33.7 percent of the subprime adjustable-rate loans that entered the foreclosure process in the third quarter.
The two states combined also accounted for 42.4 percent of creditworthy “prime” adjustable-rate mortgages that started the foreclosure process.
The damage is done.
December 6, 2007 at 10:56 AM #110393The OC Scam
ParticipantIt is like a frozen world we must all stand still don’t make a move….
Dear Mr. Bush,
What should we do next?
Will home prices stop declining because people are making their payments?
I want a 1% loan for 30 years… Is that possible?
Then what happens in 2010? Will people make more income to make the adjustable payments?
What will the interest be for adjusting in 2010?
Thanks,
Loser RenterDecember 6, 2007 at 10:56 AM #110508ParticipantIt is like a frozen world we must all stand still don’t make a move….
Dear Mr. Bush,
What should we do next?
Will home prices stop declining because people are making their payments?
I want a 1% loan for 30 years… Is that possible?
Then what happens in 2010? Will people make more income to make the adjustable payments?
What will the interest be for adjusting in 2010?
Thanks,
Loser RenterDecember 6, 2007 at 10:56 AM #110541ParticipantIt is like a frozen world we must all stand still don’t make a move….
Dear Mr. Bush,
What should we do next?
Will home prices stop declining because people are making their payments?
I want a 1% loan for 30 years… Is that possible?
Then what happens in 2010? Will people make more income to make the adjustable payments?
What will the interest be for adjusting in 2010?
Thanks,
Loser RenterDecember 6, 2007 at 10:56 AM #110557ParticipantIt is like a frozen world we must all stand still don’t make a move….
Dear Mr. Bush,
What should we do next?
Will home prices stop declining because people are making their payments?
I want a 1% loan for 30 years… Is that possible?
Then what happens in 2010? Will people make more income to make the adjustable payments?
What will the interest be for adjusting in 2010?
Thanks,
Loser RenterDecember 6, 2007 at 10:56 AM #110559ParticipantIt is like a frozen world we must all stand still don’t make a move….
Dear Mr. Bush,
What should we do next?
Will home prices stop declining because people are making their payments?
I want a 1% loan for 30 years… Is that possible?
Then what happens in 2010? Will people make more income to make the adjustable payments?
What will the interest be for adjusting in 2010?
Thanks,
Loser Renter -
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