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Diego Mamani
Participant[quote=bearishgurl]”Fannie, Freddie and the FHA” were in place LONG BEFORE independent mortgage brokers began originating an abundance on NINA mortgages, I/O “exploding mortgages,” limited-doc programs and using every avenue to defraud the lender (fabricating tax returns for the client/fabricating W-2’s/bank statements/investment statements and/or fabricating business licenses or asking the client to obtain a business license and then washing it and backdating it). This all went on in broad daylight right here in SD County for several years! “Fannie, Freddie and the FHA” are probably not going anywhere.[/quote]You just stated the obvious, but how does that contradict my statement that the so-called GSEs contribute to keep prices artifically inflated today?
[quote]The “courts” are only “meddling” in “judicial foreclosure states.” CA is not one of these.[/quote]Again, you state the obvious. This thread is not about foreclosures in CA.
We are about the enter a relatively high inflation period; obviously not this week or next quarter, but at some point all the liquidity injected into the system will result in a devalued dollar (menaing, everything will cost more in dollars). Therefore, it makes no sense that someone would lend hundreds and hundreds of thousands of dollars at a fixed rate for 30 years at a ridiculously low interest rate of below 5%.
It makes no sense, of course, until you realize that Fannie and Freddie guarantee those loans! Then no wonder Wells Fargo is so nice to home buyers lending them money for such a low interest rate: It’s Uncle Sam who is left holding the bag!
CA Renter got it right above. If we take out the GSEs, there would be no market… or more appropriately said, the market would require that house prices drop and interest rates increase to more realistic levels.
BTW, “GSEs” is no longer what these entities are. They are now part of the Federal Government and their obligations are part of the national debt.
Participant[quote=bearishgurl]”Fannie, Freddie and the FHA” were in place LONG BEFORE independent mortgage brokers began originating an abundance on NINA mortgages, I/O “exploding mortgages,” limited-doc programs and using every avenue to defraud the lender (fabricating tax returns for the client/fabricating W-2’s/bank statements/investment statements and/or fabricating business licenses or asking the client to obtain a business license and then washing it and backdating it). This all went on in broad daylight right here in SD County for several years! “Fannie, Freddie and the FHA” are probably not going anywhere.[/quote]You just stated the obvious, but how does that contradict my statement that the so-called GSEs contribute to keep prices artifically inflated today?
[quote]The “courts” are only “meddling” in “judicial foreclosure states.” CA is not one of these.[/quote]Again, you state the obvious. This thread is not about foreclosures in CA.
We are about the enter a relatively high inflation period; obviously not this week or next quarter, but at some point all the liquidity injected into the system will result in a devalued dollar (menaing, everything will cost more in dollars). Therefore, it makes no sense that someone would lend hundreds and hundreds of thousands of dollars at a fixed rate for 30 years at a ridiculously low interest rate of below 5%.
It makes no sense, of course, until you realize that Fannie and Freddie guarantee those loans! Then no wonder Wells Fargo is so nice to home buyers lending them money for such a low interest rate: It’s Uncle Sam who is left holding the bag!
CA Renter got it right above. If we take out the GSEs, there would be no market… or more appropriately said, the market would require that house prices drop and interest rates increase to more realistic levels.
BTW, “GSEs” is no longer what these entities are. They are now part of the Federal Government and their obligations are part of the national debt.
Participant[quote=bearishgurl]”Fannie, Freddie and the FHA” were in place LONG BEFORE independent mortgage brokers began originating an abundance on NINA mortgages, I/O “exploding mortgages,” limited-doc programs and using every avenue to defraud the lender (fabricating tax returns for the client/fabricating W-2’s/bank statements/investment statements and/or fabricating business licenses or asking the client to obtain a business license and then washing it and backdating it). This all went on in broad daylight right here in SD County for several years! “Fannie, Freddie and the FHA” are probably not going anywhere.[/quote]You just stated the obvious, but how does that contradict my statement that the so-called GSEs contribute to keep prices artifically inflated today?
[quote]The “courts” are only “meddling” in “judicial foreclosure states.” CA is not one of these.[/quote]Again, you state the obvious. This thread is not about foreclosures in CA.
We are about the enter a relatively high inflation period; obviously not this week or next quarter, but at some point all the liquidity injected into the system will result in a devalued dollar (menaing, everything will cost more in dollars). Therefore, it makes no sense that someone would lend hundreds and hundreds of thousands of dollars at a fixed rate for 30 years at a ridiculously low interest rate of below 5%.
It makes no sense, of course, until you realize that Fannie and Freddie guarantee those loans! Then no wonder Wells Fargo is so nice to home buyers lending them money for such a low interest rate: It’s Uncle Sam who is left holding the bag!
CA Renter got it right above. If we take out the GSEs, there would be no market… or more appropriately said, the market would require that house prices drop and interest rates increase to more realistic levels.
BTW, “GSEs” is no longer what these entities are. They are now part of the Federal Government and their obligations are part of the national debt.
Participant[quote=bearishgurl]”Fannie, Freddie and the FHA” were in place LONG BEFORE independent mortgage brokers began originating an abundance on NINA mortgages, I/O “exploding mortgages,” limited-doc programs and using every avenue to defraud the lender (fabricating tax returns for the client/fabricating W-2’s/bank statements/investment statements and/or fabricating business licenses or asking the client to obtain a business license and then washing it and backdating it). This all went on in broad daylight right here in SD County for several years! “Fannie, Freddie and the FHA” are probably not going anywhere.[/quote]You just stated the obvious, but how does that contradict my statement that the so-called GSEs contribute to keep prices artifically inflated today?
[quote]The “courts” are only “meddling” in “judicial foreclosure states.” CA is not one of these.[/quote]Again, you state the obvious. This thread is not about foreclosures in CA.
We are about the enter a relatively high inflation period; obviously not this week or next quarter, but at some point all the liquidity injected into the system will result in a devalued dollar (menaing, everything will cost more in dollars). Therefore, it makes no sense that someone would lend hundreds and hundreds of thousands of dollars at a fixed rate for 30 years at a ridiculously low interest rate of below 5%.
It makes no sense, of course, until you realize that Fannie and Freddie guarantee those loans! Then no wonder Wells Fargo is so nice to home buyers lending them money for such a low interest rate: It’s Uncle Sam who is left holding the bag!
CA Renter got it right above. If we take out the GSEs, there would be no market… or more appropriately said, the market would require that house prices drop and interest rates increase to more realistic levels.
BTW, “GSEs” is no longer what these entities are. They are now part of the Federal Government and their obligations are part of the national debt.
ParticipantIf there’s going to be riots, chaos, and no law enforcement, as the informercial video suggests, there’s not much point in hoarding gold or any other investment (you’ll be lucky if you survive!). You might as well leave the country as Jim Rogers has done.
ParticipantIf there’s going to be riots, chaos, and no law enforcement, as the informercial video suggests, there’s not much point in hoarding gold or any other investment (you’ll be lucky if you survive!). You might as well leave the country as Jim Rogers has done.
ParticipantIf there’s going to be riots, chaos, and no law enforcement, as the informercial video suggests, there’s not much point in hoarding gold or any other investment (you’ll be lucky if you survive!). You might as well leave the country as Jim Rogers has done.
ParticipantIf there’s going to be riots, chaos, and no law enforcement, as the informercial video suggests, there’s not much point in hoarding gold or any other investment (you’ll be lucky if you survive!). You might as well leave the country as Jim Rogers has done.
ParticipantIf there’s going to be riots, chaos, and no law enforcement, as the informercial video suggests, there’s not much point in hoarding gold or any other investment (you’ll be lucky if you survive!). You might as well leave the country as Jim Rogers has done.
ParticipantSPAM alert!!!
A very professionally-made video, which is a textbook example of this (ad copy):
http://www.businessdictionary.com/definition/advertising-copy.htmlIt does contain some truths about the economy, but after a long dissertation, it says they will give you “secrets” to become rich… if you ask for the free report. Yeah, right.
The are two patently FALSE statements early on: one is that a gallon of gasoline is so much cheaper in the USA compared to other countries simply because the international price of oil is given in dollars. (The true reason: the retail price of gasoline in other countries includes huge sales or VAT taxes).
The other FALSE statement is that the government measures the unemployment rate simply by counting the number of people receving unemployment benefits. So false, it’s laughable!
Rich, I think that posting SPAM like this “interesting” video is a much worse offense than hijacking a thread for political purposes.
ParticipantSPAM alert!!!
A very professionally-made video, which is a textbook example of this (ad copy):
http://www.businessdictionary.com/definition/advertising-copy.htmlIt does contain some truths about the economy, but after a long dissertation, it says they will give you “secrets” to become rich… if you ask for the free report. Yeah, right.
The are two patently FALSE statements early on: one is that a gallon of gasoline is so much cheaper in the USA compared to other countries simply because the international price of oil is given in dollars. (The true reason: the retail price of gasoline in other countries includes huge sales or VAT taxes).
The other FALSE statement is that the government measures the unemployment rate simply by counting the number of people receving unemployment benefits. So false, it’s laughable!
Rich, I think that posting SPAM like this “interesting” video is a much worse offense than hijacking a thread for political purposes.
ParticipantSPAM alert!!!
A very professionally-made video, which is a textbook example of this (ad copy):
http://www.businessdictionary.com/definition/advertising-copy.htmlIt does contain some truths about the economy, but after a long dissertation, it says they will give you “secrets” to become rich… if you ask for the free report. Yeah, right.
The are two patently FALSE statements early on: one is that a gallon of gasoline is so much cheaper in the USA compared to other countries simply because the international price of oil is given in dollars. (The true reason: the retail price of gasoline in other countries includes huge sales or VAT taxes).
The other FALSE statement is that the government measures the unemployment rate simply by counting the number of people receving unemployment benefits. So false, it’s laughable!
Rich, I think that posting SPAM like this “interesting” video is a much worse offense than hijacking a thread for political purposes.
ParticipantSPAM alert!!!
A very professionally-made video, which is a textbook example of this (ad copy):
http://www.businessdictionary.com/definition/advertising-copy.htmlIt does contain some truths about the economy, but after a long dissertation, it says they will give you “secrets” to become rich… if you ask for the free report. Yeah, right.
The are two patently FALSE statements early on: one is that a gallon of gasoline is so much cheaper in the USA compared to other countries simply because the international price of oil is given in dollars. (The true reason: the retail price of gasoline in other countries includes huge sales or VAT taxes).
The other FALSE statement is that the government measures the unemployment rate simply by counting the number of people receving unemployment benefits. So false, it’s laughable!
Rich, I think that posting SPAM like this “interesting” video is a much worse offense than hijacking a thread for political purposes.
ParticipantSPAM alert!!!
A very professionally-made video, which is a textbook example of this (ad copy):
http://www.businessdictionary.com/definition/advertising-copy.htmlIt does contain some truths about the economy, but after a long dissertation, it says they will give you “secrets” to become rich… if you ask for the free report. Yeah, right.
The are two patently FALSE statements early on: one is that a gallon of gasoline is so much cheaper in the USA compared to other countries simply because the international price of oil is given in dollars. (The true reason: the retail price of gasoline in other countries includes huge sales or VAT taxes).
The other FALSE statement is that the government measures the unemployment rate simply by counting the number of people receving unemployment benefits. So false, it’s laughable!
Rich, I think that posting SPAM like this “interesting” video is a much worse offense than hijacking a thread for political purposes.
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