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bearishgurl
ParticipantIn short, the RWNM is trying valiantly to keep this drama continually going day after day on National television by “creating” future scenarios which don’t exist.
The actual truth is too “boring,” and won’t garner more viewers.
The candidates just need to plug on and ignore all this crap and pay attention to the road before them … as they are all doing. Even Trump has figured out that he doesn’t need to respond to everything negative said about him on the airwaves … as he has done for “effect” in the past.
Time for all of them to get serious now, keep rolling and pander to the delegates as well as the voters. THAT’s where the rubber meets the road.
Participant[quote=zk][quote=utcsox]
It is “unusual” to claim Republican strategy is a failure when it has control of both houses of Congress for the first time since 2002. In addition, it achieve its largest majority in the house since 1929. So, let’s dispel once and for all with this fiction that Republican party are doing “mind-numingly dumb things”, they know exactly what they are doing. And most importantly, they are winning and winning yuuuuuuge.[/quote]
Winning elections does not mean that you know what you’re doing. Unless your only goal is winning elections. Which is exactly the problem with republicans. They’re not interested in running the country, they’re interested in winning elections. And why are they winning elections, even if they can’t govern? Two main reasons, in my opinion: Gerrymandering of districts, and the right-wing noise machine’s brilliant manipulation of the emotions of millions Americans. Americans who are, thanks to that manipulation, far angrier and more fearful than they need to be, but whose concocted fear and anger play right into republicans’ hands.[/quote]zk, I’m don’t feel the RNC “runs” the right-wing noise machine. And they ARE running the show, btw. This extremely diverse group of volunteer delegates only care about following the framework laid out before them (which they signed up to) and the wishes of their OWN “constituency.” They are of all races, Nationalities, cultures and income levels and (literally) hail from around the world (incl Puerto Rico, Guam [also repping the NMI of Tinian, Rota and Saipan], American Samoa and the Virgin Islands).
I think the RWNM’s “news” slant in recent years may have been heavily influenced by Big Money who has traditionally backed Republican candidates …. relative to who owns and runs these stations.
Participant[quote=FlyerInHi]Trump did well tonight. Looks like he is only 2 states from victory.
[/quote]Regardless of all the current spew blasting out of the MSM, the RNC has emphatically stated that they will “follow their long-held rules” and stand by whichever candidate obtains 1237 votes in the primaries. All that “RNC anti-Trump agenda” squawk I’m still getting texted to me at this late date :=0 is just that …. squawk, with a megaphone. It’s specifically engineered to keep the (mostly ignorant) pink-tinted sheeple agitated and riled up about how “unfair” it all is.See: http://www.c-span.org/video/?408488-1/rnc-spring-meeting&start=967
Roll call and the Pledge of Allegiance end at 9:41 into the above (4/22/16) broadcast.
I’ve been sending this link to my local peeps who are religiously following FoxNews and OAN and still texting me clips and outrageous FB pages.
I just repeatedly tell them I can’t watch Cable news outlets (no TV) or FB (don’t belong to it) so please watch this “boring” bureaucratic public television meeting instead of your “daytime drama” and you might learn something :=D
I think way too many people are becoming overly-opinionated about politics this election year (even those who have never voted or have only voted sporadically) who have absolutely no clue how the actual “system” works, lol ……
Participant[quote=FlyerInHi] . . . If you never mention faxing, you likely will not get a fax.[/quote]Tell this to everyone who needs me to fax them something …
Participant[quote=flu][quote=harvey]Lol, the kitchen sink analysis.[/quote]
I like to consider my options, plus I want to see if I can beat BG to see who can come up with the longest post on this thread. It’s my new goal on Piggington. Did I succeed? Its kind of hard for me to type though on a tiny smartphone where I am.[/quote]This!
I have access to a real desktop computer, real keyboard and large monitor … usually all during the business day and also type 80+ words per minute … even in my “leisure.” So, it’s going to be pretty hard for you to compete with that, flu. I know I couldn’t cuz my eyesight isn’t good enough to do anything but twitter on a phone. (Except I don’t belong to twitter, lol ….)
Um, yes. I am a self-professed “road-trip queen” and have been accused in the past of packing the “kitchen sink” in my car’s trunk. I like to have everything I think I might need when on the road :=0
ParticipantI use an OCR software for scanning which often makes the pdf file too big to e-mail. Then I have to “reduce it” to send with the Nuance software.
I understand everything you’re saying here, FIH. Now tell it to all the law offices, medical and dental offices, escrow companies, insurance agents and government agencies, etc.
The paper fax machine isn’t going away anytime soon.
Participant[quote=HLS][quote=no_such_reality]
The concept is simple, the execution historically has been fraught with deception and poor ethics.YSP still clouds the issue for the end consumer and obscures how much is really being paid for services particularly when tagged with the above, IMO.[/quote]
Those days are long gone with BROKERS….
the process is highly regulated now.
If you are offered a loan with 100% clear terms, what your net cost is, whether you pay OR get no cost,
What is unclear about this ? What does YSP have to do with it ? Are you concerned about what someone is making regardless of what they are offering you ?FYI
Banks & Direct lenders can screw you as they can manipulate their pricing.Mortgage brokers are like Insurance brokers.
Lenders & Insurance companies control the pricing. Insurance agents don’t discount the insurance company pricing nor do they charge you extra.
They get compensated by the insurance companies.There are 2 kinds of mortgage BROKER compensation.
Lender paid OR borrower paid.
With lender paid the wholesale lender compensates us a % of the loan amount.
With borrower paid the borrower compensates the broker and gets the exact same pricing. It’s HIGHLY regulated.Whether you want a rate that is higher or lower doesn’t affect BROKER compensation by 1 penny.
Any credits or cost is to/from the borrower.The days of BROKERS benefiting from overcharging borrowers are long gone, although some brokers make a higher % than others.
Banks and direct lenders can still get away with things that a BROKER cannot.
Bank employees generally do not have access to true pricing. They only see the retail rates to offer consumers and have no idea about net pricing.
There is a difference between regulations for Banks/ Direct Lenders vs. Brokers[/quote]I just saw this after responding to the same post. Well said with more (current) additions.Participant[quote=no_such_reality][quote=flu]Yeah, I don’t quite get what the issue is. If you want to refinance, you can either get a loan with no out of pocket payments with rate X or if you want to pay closing costs and points, you can get rate Y where Y is less than X.
There’s nothing deceptive about this.[/quote]
The concept is simple, the execution historically has been fraught with deception and poor ethics.
YSP still clouds the issue for the end consumer and obscures how much is really being paid for services particularly when tagged with the above, IMO.[/quote]NSR, escrows aren’t “rocket science.” In the absence of being in the middle of refi for purchasing RE, one is certainly free to call around and/or visit websites of local escrow companies, title companies who do business in your county and whichever lenders who have products you are interested in looking into. They and/or their site will TELL you how much their ALTA and CLTA rates are per $10K or $100K of your loan or purchase price, what is customarily paid in CA by the buyer and the seller or split between the two, typical escrow fees for your loan amount or purchase price, loan or buy-down fees, doc drawing fees, typical appraisal fees (whether in-house or contracted), even tax service fees and typical notary fees for your transaction! Upon shopping for mortgages, you should easily be able to see which lenders have a lot of “garbage charges” and who doesn’t and the reasons why in each case.
In CA, all your ancillary fees are the SAME to you as the seller or buyer/borrower whether or not you even take out a purchase money mortgage or WHO contracts for them (seller’s choice, buyer’s choice, escrow company’s choice (which may be a subsidiary of a title company), or the lender who is paying for all of it (providing it to their borrower-client “free”).
If your lender provides all your ancillary services for “free,” they are certainly going to exercise their right to contract with services of their choice and yes, they may have a financial stake in some of the service providers they opt to use. But ALL of these tasks still must get done, whoever does them, and, in this case, the borrower isn’t paying for it. For example, there isn’t that much difference in title insurance fees from one title company to another. One or two in each county have their own plants but every one of them has to get their info from the same horse’s mouth …. that is, your county recorder and assessor’s office.
The inner workings of YSP between lenders and boots-on-the-ground mortgage brokers, originators and bankers are not well understood or generally known to the public and it doesn’t matter (except when they were an exorbitant 5-12% during the exotic mortgage, fog-a-mirror, get-a loan era). During those years, NINA mortgages were commonly (fraudulently) made to people with a known (to the mortgage broker) falsified mortgage application and supporting docs (often prepared for the lender’s underwriter by the broker’s own processor). This was all engineered to line the pockets of shady, greedy mortgage brokers when their clients agreed to the terms of exploding mortgages due to having bad credit or no credit and often needing “rescuing” from imminent foreclosure. Many of these mortgage brokers have since had their licenses suspended or revoked … for good reason.
YSP is the same principle as buying a new vehicle from a dealer who is selling it to you for well under True Car and Edmund’s price points for your area because the vehicle mfr will compensate them after the sale thru the back end (thru a bonus or “kickback”). As a new vehicle buyer, you don’t CARE about this nor do you have any control over it! You only care about the terms of your OWN deal. These “bonuses” aren’t well known or understood by the new vehicle-buying public but it doesn’t matter, because, just as with mortgage brokers, mortgage bankers and lenders, that’s the way the “system” is set up.
There is no free lunch. Someone is paying for your necessary services which you legally must have third parties perform in order to complete your RE transaction. It’s actually a “good thing” that YSP’s exist, because if they didn’t, every single borrower would be paying for (or financing, on top of their P&I) their own closing costs. That’s the way it used to be back in the dark ages (’80’s and prior) before the use of YSP’s began to be widespread. If you didn’t have the cash to close, you weren’t able to buy (or refi). Prospective buyers were not yet ready to buy until they saved enough for their downpayment AND closing costs.
Participant[quote=La Jolla Renter]The scan snap software is pretty slick and easy to use. Put doc in, hit the button, it scans the doc, screen pops up on my desktop do I want to save or email. When I click to email the doc, it opens outlook and attaches the file and still auto saves to a preset folder. If I want to save it, it remembers the last several folders so I just select from drop down. The scan is an adobe pdf file, or you can set to jpeg. You can set to auto ocr your docs as well. I have turned on a dozen people to the scan snap and they all love it.[/quote]How does your machine handle 50+ page documents? I’ll look it up online but my older stuff still works fine. Ink rollers are only $31 for my high speed Panasonic fax machine and the drum has already been replaced so I doubt it will need replacing again as those bulk jobs are handled by my flatbed copier/scanner/fax with a sheet feeder (different “all-in-one” machine).
Participant[quote=FlyerInHi]BG, you need the acrobat software and a feeding scanner (about $300 -$400). I scan all my documents and acrobat software makes very small files.
It’s cheaper than paying for a phone line month after month and supplies for your fax machine.Shall we mention all the clutter paper creates? I keep only keep a few original documents.[/quote]I have used Nuance pdf Converter Professional for the last decade or so. It converts pdf to Word and vice versa and also scans forms making the fields type-able and compresses pdf documents and a few other things. I’m happy with it.
I only pay $11-$12 month for my landline phone acct because I have agreed to pay .18 minute for “long distance.” Meaning area codes 858 and 760 in SD County are “long distance” from my (619) fax number as are all the other area codes in the state and country. It is a bare-bones account with my fax ringer turned off so I don’t care how many spammers try to call it, day or night. They get a high-pitched beep indicating it is a fax line so they all hang up after two rings. I can hear the machine when a fax is coming in. I have a separate fax machine/flatbed scanner with a sheet feeder (w/o a phone receiver) that I switch the phone line to when I need to send large documents.
This is by far the cheapest method for me and my “clients,” (the firms/agencies I work with).
Yes, brian, I have several lateral files collectively likely weighing nearly 1000 lbs. Plus a few dozen banker’s boxes stored. :=0 I’m chipping away at this “project” little by little. One of my New Year’s resolutions for 2016 was to devote 2-4 hours per week to shredding as time permits.
Little by little, I am making progress.
And you’re right, spd. I don’t store anything in the “cloud.” My business files are on separate, password-protected e-Sata and SCSI hard drives (mirrors of each other) which are locked away unless I am using one of them. Absolutely no confidential files in my “charge” are ever available to anyone but me.
Participant[quote=La Jolla Renter]I ditched my fax machine a year a go. My faxes come strait to my email via voip (ring central). I have a scan snap ix500 on my desk. It scans, saves to hard drive and emails out simultaneously. Amazing how fast it scans. Best $400 I have spent in a long time.
Way better system than a fax machine, even if the phone line for the fax is free.[/quote]Sounds good, LJ Renter. I find myself frequently faxing (or scanning) 40-100+ page documents so would need a separate sheet feeder on a garden variety scanner built for home use.
Participant[quote=FlyerInHi]You can scan to PDF. Tile companies and law firms do that. It’s cheaper to buy a new scanner than to pay the monthly fees. We need to get on with the world.
BTW businesses can get digital lines that look like POTS. POTS is so anachronistic.[/quote]Um, maybe very large law firms have those $5-35K standalone copy machines which can automatically scan reams at a time but the medium-sized or small firm does not. Fax service is a legal method of service between law firms if they both agree to it in writing early on in the case. Medical and dental offices and all kinds of gubment agencies still use fax all day every day. Yes, even the IRS. In some depts of the IRS, fax or snail mail is the only way to send them anything.
I personally scan items to pdf for e-mail if that is an accepted way of receipt of the party I’m sending it to. But I often have to reduce the size of each pdf prior to e-mailing in order to have the document “fit” into the “free” e-mail services I use online. This could be a 2-5 step process (versus just faxing it) and a lot of businesses (large and small) don’t have a person to scan each document individually (or in a small batch) on garden variety scanners purchased at Office Depot. Then you need conversion and compression software ($100 and up) and someone who understands how to use it. Scanning and e-mailing can take half a day and can be a PITA. Especially if you have a lot of documents or a very large document to send which is on a commercial or government form and was never originated from MS Office software or other WP software. Faxing is easier and faster for the majority of document sending …. especially in bulk.
It’s just not practical in real life with every agency and business one has to deal with to scan and e-mail everything without access to a sophisticated standalone commercial copier/scanner.
Participant[quote=Blogstar]It’s not idiotic semantics. You have to look at the same rate environment not the current one against a previous one. It’s not free compared to the current rate environment or else HLS doesn’t get paid and he gives the best rate possible for the specific client. Thats what matters when you are shopping the loan and possibly having to or wanting to live with it for a long time, like 5 years or more. How often does HLS not get paid anything for loans he originates? Not too often. Hence, no cost equals free loans doesn’t add up.[/quote]Blogstar, do you expect someone in HLS’s profession to “work for free?” The “system” is set up to compensate mortgage loan officers/brokers/agents for their hard work in bringing a client in and finding the best program for their needs, processing all the documentation for a mortgage and even originating some first and subsequent trust deed mortgages. The vast majority of borrowers can’t do any of this on their own, and, in any case, are not licensed as a RE broker/salesperson, nor have any kind of a lending designation on their license. Even when there “direct lenders” and mortgage loan officers working for the “Big Banks” in portfolio lending (15+ years ago), these people still got paid even on mortgages which are “no cost” to the borrower. If they were actual employees, they got salary and bonuses. If they were a mortgage banker, they got paid through the loan originator.
As long as HLS and his brethren aren’t attempting to originate NINA loans, falsify loan applications and, in general, deal in exotic instruments which are difficult, if not impossible for Joe and Jane 6p Borrower to understand, I’m all for more (highly qualified and principled, of course) people in this profession.
In most cases, the “system” isn’t set up for reward Joe6p, the borrower, for taking out a new mortgage. It can, however, allow him do it for “no cost” to him.
As it should be.
Participant[quote=FlyerInHi] . . . I support Verizon and the Bells in phasing out landlines when it makes economic sense. No need to maintain a duplicate systems at great costs for a few diehards.[/quote]brian, you forgot about fax machines. Many (most?) businesses still use them and I have a dedicated landline for that purpose only.
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