- This topic has 230 replies, 23 voices, and was last updated 17 years ago by
kev374.
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February 4, 2008 at 2:00 PM #148205February 4, 2008 at 2:03 PM #147860
davelj
ParticipantThis reminds me of the old business joke: “Yeah, we’re losing money at the unit level, but we’re going to make it up in volume!”
File under: “Truth is Stranger than Fiction”
February 4, 2008 at 2:03 PM #148108ParticipantThis reminds me of the old business joke: “Yeah, we’re losing money at the unit level, but we’re going to make it up in volume!”
File under: “Truth is Stranger than Fiction”
February 4, 2008 at 2:03 PM #148131ParticipantThis reminds me of the old business joke: “Yeah, we’re losing money at the unit level, but we’re going to make it up in volume!”
File under: “Truth is Stranger than Fiction”
February 4, 2008 at 2:03 PM #148142ParticipantThis reminds me of the old business joke: “Yeah, we’re losing money at the unit level, but we’re going to make it up in volume!”
File under: “Truth is Stranger than Fiction”
February 4, 2008 at 2:03 PM #148210ParticipantThis reminds me of the old business joke: “Yeah, we’re losing money at the unit level, but we’re going to make it up in volume!”
File under: “Truth is Stranger than Fiction”
February 4, 2008 at 2:09 PM #147865SD Realtor
ParticipantLike I said, I don’t do loans… This was sent to me but it would be interesting to hear from some who do loans to comment.
Once again, I am sure many will chime in that of course this is not going to affect the slowdown at all. I have always consistently voiced concern over programs like this and others with a belief that they will indeed affect the slowdown. I don’t believe they will halt the slowdown but to continue to say they will not affect things is something I do not agree with.
I am hoping a mortgage broker reads the above and chimes in that none of it is true. Again, this is all speculative at this point. Yet it is much less speculative then it used to be.
SD Realtor
February 4, 2008 at 2:09 PM #148113ParticipantLike I said, I don’t do loans… This was sent to me but it would be interesting to hear from some who do loans to comment.
Once again, I am sure many will chime in that of course this is not going to affect the slowdown at all. I have always consistently voiced concern over programs like this and others with a belief that they will indeed affect the slowdown. I don’t believe they will halt the slowdown but to continue to say they will not affect things is something I do not agree with.
I am hoping a mortgage broker reads the above and chimes in that none of it is true. Again, this is all speculative at this point. Yet it is much less speculative then it used to be.
SD Realtor
February 4, 2008 at 2:09 PM #148136ParticipantLike I said, I don’t do loans… This was sent to me but it would be interesting to hear from some who do loans to comment.
Once again, I am sure many will chime in that of course this is not going to affect the slowdown at all. I have always consistently voiced concern over programs like this and others with a belief that they will indeed affect the slowdown. I don’t believe they will halt the slowdown but to continue to say they will not affect things is something I do not agree with.
I am hoping a mortgage broker reads the above and chimes in that none of it is true. Again, this is all speculative at this point. Yet it is much less speculative then it used to be.
SD Realtor
February 4, 2008 at 2:09 PM #148147ParticipantLike I said, I don’t do loans… This was sent to me but it would be interesting to hear from some who do loans to comment.
Once again, I am sure many will chime in that of course this is not going to affect the slowdown at all. I have always consistently voiced concern over programs like this and others with a belief that they will indeed affect the slowdown. I don’t believe they will halt the slowdown but to continue to say they will not affect things is something I do not agree with.
I am hoping a mortgage broker reads the above and chimes in that none of it is true. Again, this is all speculative at this point. Yet it is much less speculative then it used to be.
SD Realtor
February 4, 2008 at 2:09 PM #148215ParticipantLike I said, I don’t do loans… This was sent to me but it would be interesting to hear from some who do loans to comment.
Once again, I am sure many will chime in that of course this is not going to affect the slowdown at all. I have always consistently voiced concern over programs like this and others with a belief that they will indeed affect the slowdown. I don’t believe they will halt the slowdown but to continue to say they will not affect things is something I do not agree with.
I am hoping a mortgage broker reads the above and chimes in that none of it is true. Again, this is all speculative at this point. Yet it is much less speculative then it used to be.
SD Realtor
February 4, 2008 at 2:17 PM #147870JWM in SD
ParticipantJWM in SD
My questions on this issue remain the same:
1. Will standards also be eased so that conforming will have a different risk profile than it does now? The head of the OFHEO has already warned that this will not work and is only papering over the increased risk levels. It is effectively the same thing that the bond ratings and and insurers did. Mis Labeled risk securities as not risky.
2. What private sector investor is going to buy this garbage knowing full well what it is?
February 4, 2008 at 2:17 PM #148118ParticipantJWM in SD
My questions on this issue remain the same:
1. Will standards also be eased so that conforming will have a different risk profile than it does now? The head of the OFHEO has already warned that this will not work and is only papering over the increased risk levels. It is effectively the same thing that the bond ratings and and insurers did. Mis Labeled risk securities as not risky.
2. What private sector investor is going to buy this garbage knowing full well what it is?
February 4, 2008 at 2:17 PM #148141ParticipantJWM in SD
My questions on this issue remain the same:
1. Will standards also be eased so that conforming will have a different risk profile than it does now? The head of the OFHEO has already warned that this will not work and is only papering over the increased risk levels. It is effectively the same thing that the bond ratings and and insurers did. Mis Labeled risk securities as not risky.
2. What private sector investor is going to buy this garbage knowing full well what it is?
February 4, 2008 at 2:17 PM #148152ParticipantJWM in SD
My questions on this issue remain the same:
1. Will standards also be eased so that conforming will have a different risk profile than it does now? The head of the OFHEO has already warned that this will not work and is only papering over the increased risk levels. It is effectively the same thing that the bond ratings and and insurers did. Mis Labeled risk securities as not risky.
2. What private sector investor is going to buy this garbage knowing full well what it is?
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