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kev374.
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February 4, 2008 at 4:49 PM #148380February 4, 2008 at 5:14 PM #148051
jpinpb
Participantbetting on fall – my butt is getting sore sitting on these hard benches at this train station waiting.
We’ve now got government engineers coming in and putting new tracks for the crazy trains. When will it end?
Powter’s diet book really should be about real estate. “Stop the insanity!”
February 4, 2008 at 5:14 PM #148299Participantbetting on fall – my butt is getting sore sitting on these hard benches at this train station waiting.
We’ve now got government engineers coming in and putting new tracks for the crazy trains. When will it end?
Powter’s diet book really should be about real estate. “Stop the insanity!”
February 4, 2008 at 5:14 PM #148318Participantbetting on fall – my butt is getting sore sitting on these hard benches at this train station waiting.
We’ve now got government engineers coming in and putting new tracks for the crazy trains. When will it end?
Powter’s diet book really should be about real estate. “Stop the insanity!”
February 4, 2008 at 5:14 PM #148332Participantbetting on fall – my butt is getting sore sitting on these hard benches at this train station waiting.
We’ve now got government engineers coming in and putting new tracks for the crazy trains. When will it end?
Powter’s diet book really should be about real estate. “Stop the insanity!”
February 4, 2008 at 5:14 PM #148400Participantbetting on fall – my butt is getting sore sitting on these hard benches at this train station waiting.
We’ve now got government engineers coming in and putting new tracks for the crazy trains. When will it end?
Powter’s diet book really should be about real estate. “Stop the insanity!”
February 4, 2008 at 5:23 PM #148056HereWeGo
ParticipantIs it possible to short Ginnie Mae MBS? Would the federal government stand by the guarantee in the face of monstrous losses? If not, would treasuries plummet (i.e., rates soar?)
February 4, 2008 at 5:23 PM #148303ParticipantIs it possible to short Ginnie Mae MBS? Would the federal government stand by the guarantee in the face of monstrous losses? If not, would treasuries plummet (i.e., rates soar?)
February 4, 2008 at 5:23 PM #148324ParticipantIs it possible to short Ginnie Mae MBS? Would the federal government stand by the guarantee in the face of monstrous losses? If not, would treasuries plummet (i.e., rates soar?)
February 4, 2008 at 5:23 PM #148337ParticipantIs it possible to short Ginnie Mae MBS? Would the federal government stand by the guarantee in the face of monstrous losses? If not, would treasuries plummet (i.e., rates soar?)
February 4, 2008 at 5:23 PM #148403ParticipantIs it possible to short Ginnie Mae MBS? Would the federal government stand by the guarantee in the face of monstrous losses? If not, would treasuries plummet (i.e., rates soar?)
February 4, 2008 at 5:26 PM #148061Pasadena Broker
ParticipantAh, sd, you got the email…
I’ve had my Realtors here asking me/telling me my business is going to be jumping once the changes go into affect. I’ve also had fellow associates in the mortgage brokering business rubbing their hands hoping as well.
You’re right sd, there is a 5% declining/softening market that has gone into affect. The problem I see with this increase is three fold.
One, we’re prolonging the natural cycle of where we ought to be heading with this market, and I’m sure I can get an ‘amen’ from the Pigg crowd on this. Someone on Capital Hill is smoking some good green to think this one up.
Two, this isn’t for new homebuyers but for all the ones underwater. Under-water, yup, mortgage outweighs the equity. So how in the hell is this going to help them refi out of that fantastico Option Arm, 80/20 purchase, 2/28 or 2/27 loan? Loan limits raised, hey that’s great, but Mr. Borrower, you don’t have the equity, can you bring $50K to escrow?
Three, FHA loans are FULL DOC. All the $500K+ loans were stated income. What underwriter is going to be convinced that the welder guy and his receptionist wife make $150K a year when salary info can easily be looked up Salary.com?
It’s just another way of blowing smoke by the thieving, lying bastards on Capital Hill and Sacto, they’re scrambling because we’re knee deep in poo. I’d say ‘go Ron Paul’ but that guy would probably get shot if he were to get anywhere near the White House.
Oh, btw, if none of this makes sense, my apology. I get my point across much better in person than writing. I’m a verbal type of guy.
February 4, 2008 at 5:26 PM #148309ParticipantAh, sd, you got the email…
I’ve had my Realtors here asking me/telling me my business is going to be jumping once the changes go into affect. I’ve also had fellow associates in the mortgage brokering business rubbing their hands hoping as well.
You’re right sd, there is a 5% declining/softening market that has gone into affect. The problem I see with this increase is three fold.
One, we’re prolonging the natural cycle of where we ought to be heading with this market, and I’m sure I can get an ‘amen’ from the Pigg crowd on this. Someone on Capital Hill is smoking some good green to think this one up.
Two, this isn’t for new homebuyers but for all the ones underwater. Under-water, yup, mortgage outweighs the equity. So how in the hell is this going to help them refi out of that fantastico Option Arm, 80/20 purchase, 2/28 or 2/27 loan? Loan limits raised, hey that’s great, but Mr. Borrower, you don’t have the equity, can you bring $50K to escrow?
Three, FHA loans are FULL DOC. All the $500K+ loans were stated income. What underwriter is going to be convinced that the welder guy and his receptionist wife make $150K a year when salary info can easily be looked up Salary.com?
It’s just another way of blowing smoke by the thieving, lying bastards on Capital Hill and Sacto, they’re scrambling because we’re knee deep in poo. I’d say ‘go Ron Paul’ but that guy would probably get shot if he were to get anywhere near the White House.
Oh, btw, if none of this makes sense, my apology. I get my point across much better in person than writing. I’m a verbal type of guy.
February 4, 2008 at 5:26 PM #148328ParticipantAh, sd, you got the email…
I’ve had my Realtors here asking me/telling me my business is going to be jumping once the changes go into affect. I’ve also had fellow associates in the mortgage brokering business rubbing their hands hoping as well.
You’re right sd, there is a 5% declining/softening market that has gone into affect. The problem I see with this increase is three fold.
One, we’re prolonging the natural cycle of where we ought to be heading with this market, and I’m sure I can get an ‘amen’ from the Pigg crowd on this. Someone on Capital Hill is smoking some good green to think this one up.
Two, this isn’t for new homebuyers but for all the ones underwater. Under-water, yup, mortgage outweighs the equity. So how in the hell is this going to help them refi out of that fantastico Option Arm, 80/20 purchase, 2/28 or 2/27 loan? Loan limits raised, hey that’s great, but Mr. Borrower, you don’t have the equity, can you bring $50K to escrow?
Three, FHA loans are FULL DOC. All the $500K+ loans were stated income. What underwriter is going to be convinced that the welder guy and his receptionist wife make $150K a year when salary info can easily be looked up Salary.com?
It’s just another way of blowing smoke by the thieving, lying bastards on Capital Hill and Sacto, they’re scrambling because we’re knee deep in poo. I’d say ‘go Ron Paul’ but that guy would probably get shot if he were to get anywhere near the White House.
Oh, btw, if none of this makes sense, my apology. I get my point across much better in person than writing. I’m a verbal type of guy.
February 4, 2008 at 5:26 PM #148342ParticipantAh, sd, you got the email…
I’ve had my Realtors here asking me/telling me my business is going to be jumping once the changes go into affect. I’ve also had fellow associates in the mortgage brokering business rubbing their hands hoping as well.
You’re right sd, there is a 5% declining/softening market that has gone into affect. The problem I see with this increase is three fold.
One, we’re prolonging the natural cycle of where we ought to be heading with this market, and I’m sure I can get an ‘amen’ from the Pigg crowd on this. Someone on Capital Hill is smoking some good green to think this one up.
Two, this isn’t for new homebuyers but for all the ones underwater. Under-water, yup, mortgage outweighs the equity. So how in the hell is this going to help them refi out of that fantastico Option Arm, 80/20 purchase, 2/28 or 2/27 loan? Loan limits raised, hey that’s great, but Mr. Borrower, you don’t have the equity, can you bring $50K to escrow?
Three, FHA loans are FULL DOC. All the $500K+ loans were stated income. What underwriter is going to be convinced that the welder guy and his receptionist wife make $150K a year when salary info can easily be looked up Salary.com?
It’s just another way of blowing smoke by the thieving, lying bastards on Capital Hill and Sacto, they’re scrambling because we’re knee deep in poo. I’d say ‘go Ron Paul’ but that guy would probably get shot if he were to get anywhere near the White House.
Oh, btw, if none of this makes sense, my apology. I get my point across much better in person than writing. I’m a verbal type of guy.
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