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bsrsharma
ParticipantMan you can't make this up. Illegals harvesting the CMO investors for cash. Doesn't get juicier than this!
He knows other undocumented immigrants who are refinancing their houses and getting cash out so they can return right away rather than waiting for their houses to sell.
http://www.azcentral.com/arizonarepublic/news/articles/0826sanctionsimpact08260.html
Participantsue the bank for predatory lending
I read somewhere that there are massive violations of TILA (Truth In Lending Act) in many of the subprime documentation. That makes the mortgages unsecured credit. Imagine what that will do to new mortgages!
Participantsue the bank for predatory lending
I read somewhere that there are massive violations of TILA (Truth In Lending Act) in many of the subprime documentation. That makes the mortgages unsecured credit. Imagine what that will do to new mortgages!
Participantsue the bank for predatory lending
I read somewhere that there are massive violations of TILA (Truth In Lending Act) in many of the subprime documentation. That makes the mortgages unsecured credit. Imagine what that will do to new mortgages!
ParticipantThe +/- 12% margin is a joke.
HLS – I am confused; is that +/- 12% additive or multiplicative?
i.e. 2.4% +/- 12% = -9.6% to 14.4% or
2.4% * (1+/-0.12) = 2.1% to 2.9%
If it is the first, they should never publish that garbage. My guess is that it is the second.
ParticipantThe +/- 12% margin is a joke.
HLS – I am confused; is that +/- 12% additive or multiplicative?
i.e. 2.4% +/- 12% = -9.6% to 14.4% or
2.4% * (1+/-0.12) = 2.1% to 2.9%
If it is the first, they should never publish that garbage. My guess is that it is the second.
ParticipantThe +/- 12% margin is a joke.
HLS – I am confused; is that +/- 12% additive or multiplicative?
i.e. 2.4% +/- 12% = -9.6% to 14.4% or
2.4% * (1+/-0.12) = 2.1% to 2.9%
If it is the first, they should never publish that garbage. My guess is that it is the second.
August 25, 2007 at 11:01 PM in reply to: From Stripper To Mortage Broker and $800,000 Wedding… #81021ParticipantReads very much like the infamous (Tyco’s) Denis Kozlowski’s birthday bash. see http://www.thesmokinggun.com/archive/0617051tyco1.html
August 25, 2007 at 11:01 PM in reply to: From Stripper To Mortage Broker and $800,000 Wedding… #81151ParticipantReads very much like the infamous (Tyco’s) Denis Kozlowski’s birthday bash. see http://www.thesmokinggun.com/archive/0617051tyco1.html
August 25, 2007 at 11:01 PM in reply to: From Stripper To Mortage Broker and $800,000 Wedding… #81172ParticipantReads very much like the infamous (Tyco’s) Denis Kozlowski’s birthday bash. see http://www.thesmokinggun.com/archive/0617051tyco1.html
ParticipantI think NAR can get better bang for the lobbying buck if they can convince Congress to increase conforming limits and allow GSEs to buy thrash. At least, that will be in the open compared to FED buying thrash to inject cash.
ParticipantI think NAR can get better bang for the lobbying buck if they can convince Congress to increase conforming limits and allow GSEs to buy thrash. At least, that will be in the open compared to FED buying thrash to inject cash.
ParticipantI think NAR can get better bang for the lobbying buck if they can convince Congress to increase conforming limits and allow GSEs to buy thrash. At least, that will be in the open compared to FED buying thrash to inject cash.
ParticipantA haircut in Old Town at Bob's was $5.50 years ago, and it's $5.50 today.
HLS, Is this true? Wow! No inflation in 40 years? That would be a record.
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