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Deal Hunter
ParticipantLOL! I love your analogies.
Well, “fundamentally,” lending is the ONLY way a bank makes money/profit/income. It’s in their charter and how they ensure and grow shareholder equity – by lending. What they shouldn’t have been experimenting with so much was selling securitized loans and derivatives.
So, the opportunity, is just that. Lending is the life blood of a bank and if the big boys can’t do it, some other bank can – and should – if they are true to their charter as a commercial or investment bank, right?
$2 Trillion can be lent on highly speculative lending, like sub-prime or it can be lent more strategically or more classically, like in the old days, when you had to consider merit of the borrower and strength of the collateral.
ParticipantLOL! I love your analogies.
Well, “fundamentally,” lending is the ONLY way a bank makes money/profit/income. It’s in their charter and how they ensure and grow shareholder equity – by lending. What they shouldn’t have been experimenting with so much was selling securitized loans and derivatives.
So, the opportunity, is just that. Lending is the life blood of a bank and if the big boys can’t do it, some other bank can – and should – if they are true to their charter as a commercial or investment bank, right?
$2 Trillion can be lent on highly speculative lending, like sub-prime or it can be lent more strategically or more classically, like in the old days, when you had to consider merit of the borrower and strength of the collateral.
ParticipantLOL! I love your analogies.
Well, “fundamentally,” lending is the ONLY way a bank makes money/profit/income. It’s in their charter and how they ensure and grow shareholder equity – by lending. What they shouldn’t have been experimenting with so much was selling securitized loans and derivatives.
So, the opportunity, is just that. Lending is the life blood of a bank and if the big boys can’t do it, some other bank can – and should – if they are true to their charter as a commercial or investment bank, right?
$2 Trillion can be lent on highly speculative lending, like sub-prime or it can be lent more strategically or more classically, like in the old days, when you had to consider merit of the borrower and strength of the collateral.
ParticipantLOL! I love your analogies.
Well, “fundamentally,” lending is the ONLY way a bank makes money/profit/income. It’s in their charter and how they ensure and grow shareholder equity – by lending. What they shouldn’t have been experimenting with so much was selling securitized loans and derivatives.
So, the opportunity, is just that. Lending is the life blood of a bank and if the big boys can’t do it, some other bank can – and should – if they are true to their charter as a commercial or investment bank, right?
$2 Trillion can be lent on highly speculative lending, like sub-prime or it can be lent more strategically or more classically, like in the old days, when you had to consider merit of the borrower and strength of the collateral.
ParticipantLOL! I love your analogies.
Well, “fundamentally,” lending is the ONLY way a bank makes money/profit/income. It’s in their charter and how they ensure and grow shareholder equity – by lending. What they shouldn’t have been experimenting with so much was selling securitized loans and derivatives.
So, the opportunity, is just that. Lending is the life blood of a bank and if the big boys can’t do it, some other bank can – and should – if they are true to their charter as a commercial or investment bank, right?
$2 Trillion can be lent on highly speculative lending, like sub-prime or it can be lent more strategically or more classically, like in the old days, when you had to consider merit of the borrower and strength of the collateral.
Participant"How different is the short sale process in CA versus other states that had big gains this decade?"
Speaking for my neck of the woods (Las Vegas), here is an example of a short sale I'm doing this weekend:
Stonebrook Subdivision (by Centex)
Lot 17 (New from builder): $199K after incentives
Lot 48 REO/Bankowned: Listed on MLS for $213K
Lot 21: my Short Sale: $169K offer awaiting lender approval.Note: Lot 17, 48, & 21 are all the same floorplan, all in the same subdivision.
Participant"How different is the short sale process in CA versus other states that had big gains this decade?"
Speaking for my neck of the woods (Las Vegas), here is an example of a short sale I'm doing this weekend:
Stonebrook Subdivision (by Centex)
Lot 17 (New from builder): $199K after incentives
Lot 48 REO/Bankowned: Listed on MLS for $213K
Lot 21: my Short Sale: $169K offer awaiting lender approval.Note: Lot 17, 48, & 21 are all the same floorplan, all in the same subdivision.
Participant"How different is the short sale process in CA versus other states that had big gains this decade?"
Speaking for my neck of the woods (Las Vegas), here is an example of a short sale I'm doing this weekend:
Stonebrook Subdivision (by Centex)
Lot 17 (New from builder): $199K after incentives
Lot 48 REO/Bankowned: Listed on MLS for $213K
Lot 21: my Short Sale: $169K offer awaiting lender approval.Note: Lot 17, 48, & 21 are all the same floorplan, all in the same subdivision.
Participant"How different is the short sale process in CA versus other states that had big gains this decade?"
Speaking for my neck of the woods (Las Vegas), here is an example of a short sale I'm doing this weekend:
Stonebrook Subdivision (by Centex)
Lot 17 (New from builder): $199K after incentives
Lot 48 REO/Bankowned: Listed on MLS for $213K
Lot 21: my Short Sale: $169K offer awaiting lender approval.Note: Lot 17, 48, & 21 are all the same floorplan, all in the same subdivision.
Participant"How different is the short sale process in CA versus other states that had big gains this decade?"
Speaking for my neck of the woods (Las Vegas), here is an example of a short sale I'm doing this weekend:
Stonebrook Subdivision (by Centex)
Lot 17 (New from builder): $199K after incentives
Lot 48 REO/Bankowned: Listed on MLS for $213K
Lot 21: my Short Sale: $169K offer awaiting lender approval.Note: Lot 17, 48, & 21 are all the same floorplan, all in the same subdivision.
ParticipantNot bloody likely…. so says my British Harry Potter pen pal on myspace. I asked him if the ECB would cave to the U.S. Fed and lower their rates. He sarcastically retorted that unlike the U.S., Europeans and Asians don’t watch their home equities, they watch their savings accounts. They’re having real estate issues too, but they’re just not that concerned as most have savings.
He said he’s waiting until June, when he usually buys new jeans (because he only buys new clothes once a year), to buy some advantageously priced Levi’s.
ParticipantNot bloody likely…. so says my British Harry Potter pen pal on myspace. I asked him if the ECB would cave to the U.S. Fed and lower their rates. He sarcastically retorted that unlike the U.S., Europeans and Asians don’t watch their home equities, they watch their savings accounts. They’re having real estate issues too, but they’re just not that concerned as most have savings.
He said he’s waiting until June, when he usually buys new jeans (because he only buys new clothes once a year), to buy some advantageously priced Levi’s.
ParticipantNot bloody likely…. so says my British Harry Potter pen pal on myspace. I asked him if the ECB would cave to the U.S. Fed and lower their rates. He sarcastically retorted that unlike the U.S., Europeans and Asians don’t watch their home equities, they watch their savings accounts. They’re having real estate issues too, but they’re just not that concerned as most have savings.
He said he’s waiting until June, when he usually buys new jeans (because he only buys new clothes once a year), to buy some advantageously priced Levi’s.
ParticipantNot bloody likely…. so says my British Harry Potter pen pal on myspace. I asked him if the ECB would cave to the U.S. Fed and lower their rates. He sarcastically retorted that unlike the U.S., Europeans and Asians don’t watch their home equities, they watch their savings accounts. They’re having real estate issues too, but they’re just not that concerned as most have savings.
He said he’s waiting until June, when he usually buys new jeans (because he only buys new clothes once a year), to buy some advantageously priced Levi’s.
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