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jpinpb
ParticipantLV – You are right. I apologize. It would more appropriately be called speculator/fraud crisis BS. I know 2 people a few years back, one in LJ and one in LC that did options route. More acquaintance now. Don’t know how they’re faring. They both had high FICO scores. I would not call them victims or naieve.
ParticipantLV – You are right. I apologize. It would more appropriately be called speculator/fraud crisis BS. I know 2 people a few years back, one in LJ and one in LC that did options route. More acquaintance now. Don’t know how they’re faring. They both had high FICO scores. I would not call them victims or naieve.
ParticipantLV – You are right. I apologize. It would more appropriately be called speculator/fraud crisis BS. I know 2 people a few years back, one in LJ and one in LC that did options route. More acquaintance now. Don’t know how they’re faring. They both had high FICO scores. I would not call them victims or naieve.
ParticipantLV – You are right. I apologize. It would more appropriately be called speculator/fraud crisis BS. I know 2 people a few years back, one in LJ and one in LC that did options route. More acquaintance now. Don’t know how they’re faring. They both had high FICO scores. I would not call them victims or naieve.
ParticipantLV – You are right. I apologize. It would more appropriately be called speculator/fraud crisis BS. I know 2 people a few years back, one in LJ and one in LC that did options route. More acquaintance now. Don’t know how they’re faring. They both had high FICO scores. I would not call them victims or naieve.
ParticipantAh – I see what you’re saying. When it goes back to the bank before they sell it as REO, does it count as a sale comp? Good question. I read somewhere that they’re counting properties that go back to banks as a sale. I thought in some chart they did count those as sales. So if it goes back to bank and they count the comp, at what price, the original loan amount? That would be skewed if they only do the first mortgage.
ParticipantAh – I see what you’re saying. When it goes back to the bank before they sell it as REO, does it count as a sale comp? Good question. I read somewhere that they’re counting properties that go back to banks as a sale. I thought in some chart they did count those as sales. So if it goes back to bank and they count the comp, at what price, the original loan amount? That would be skewed if they only do the first mortgage.
ParticipantAh – I see what you’re saying. When it goes back to the bank before they sell it as REO, does it count as a sale comp? Good question. I read somewhere that they’re counting properties that go back to banks as a sale. I thought in some chart they did count those as sales. So if it goes back to bank and they count the comp, at what price, the original loan amount? That would be skewed if they only do the first mortgage.
ParticipantAh – I see what you’re saying. When it goes back to the bank before they sell it as REO, does it count as a sale comp? Good question. I read somewhere that they’re counting properties that go back to banks as a sale. I thought in some chart they did count those as sales. So if it goes back to bank and they count the comp, at what price, the original loan amount? That would be skewed if they only do the first mortgage.
ParticipantAh – I see what you’re saying. When it goes back to the bank before they sell it as REO, does it count as a sale comp? Good question. I read somewhere that they’re counting properties that go back to banks as a sale. I thought in some chart they did count those as sales. So if it goes back to bank and they count the comp, at what price, the original loan amount? That would be skewed if they only do the first mortgage.
ParticipantMy favorite was this: “Total delinquencies as a percentage of the number of loans was 6.96 percent, up from 5.02 percent at the end of the prior year. Some 1.04 percent of loans were facing foreclosure, up from 0.65 percent a year earlier.”
KIM this is only Countrywide here. What about others, New Century, etc. Countrywide was not the only one doing these subprime loans. Pretty amazing, scary and funny when you look at the forest and not the trees.
ParticipantMy favorite was this: “Total delinquencies as a percentage of the number of loans was 6.96 percent, up from 5.02 percent at the end of the prior year. Some 1.04 percent of loans were facing foreclosure, up from 0.65 percent a year earlier.”
KIM this is only Countrywide here. What about others, New Century, etc. Countrywide was not the only one doing these subprime loans. Pretty amazing, scary and funny when you look at the forest and not the trees.
ParticipantMy favorite was this: “Total delinquencies as a percentage of the number of loans was 6.96 percent, up from 5.02 percent at the end of the prior year. Some 1.04 percent of loans were facing foreclosure, up from 0.65 percent a year earlier.”
KIM this is only Countrywide here. What about others, New Century, etc. Countrywide was not the only one doing these subprime loans. Pretty amazing, scary and funny when you look at the forest and not the trees.
ParticipantMy favorite was this: “Total delinquencies as a percentage of the number of loans was 6.96 percent, up from 5.02 percent at the end of the prior year. Some 1.04 percent of loans were facing foreclosure, up from 0.65 percent a year earlier.”
KIM this is only Countrywide here. What about others, New Century, etc. Countrywide was not the only one doing these subprime loans. Pretty amazing, scary and funny when you look at the forest and not the trees.
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