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September 23, 2009 at 12:07 AM in reply to: MERS “chain-of-custody” issues preventing foreclosures. #461264September 21, 2009 at 8:06 AM in reply to: Fannie Mae will now loan up to 125% of current value on refi’s #459650
patb
Participant[quote=CA renter][quote=jpinpb][quote=patb]
we had 115% LTV or more in 05 and 06.Builder credits for downpayment was the trick.[/quote]
Sadly, that is a good point that I knew about and forgot to mention. True that. Thanks for the reminder. It’s all been tricks.[/quote]Don’t forget the seller “credits” to cover closing costs and other items, and now with the $8,000 tax credit, and 3.5% FHA loans…we are absolutely back to 100%++ LTVs. That’s why the market’s so hot, IMHO.[/quote]
A whole bunch more people will get burned again.
If they would let prices revert, write down mortgages, and
then clean up the damage we’d be fine. Instead Bush sent FHA and
Fannie in to pour water into the leaking container.Disastrous strategy, kind of like invading iraq
September 21, 2009 at 8:06 AM in reply to: Fannie Mae will now loan up to 125% of current value on refi’s #459843Participant[quote=CA renter][quote=jpinpb][quote=patb]
we had 115% LTV or more in 05 and 06.Builder credits for downpayment was the trick.[/quote]
Sadly, that is a good point that I knew about and forgot to mention. True that. Thanks for the reminder. It’s all been tricks.[/quote]Don’t forget the seller “credits” to cover closing costs and other items, and now with the $8,000 tax credit, and 3.5% FHA loans…we are absolutely back to 100%++ LTVs. That’s why the market’s so hot, IMHO.[/quote]
A whole bunch more people will get burned again.
If they would let prices revert, write down mortgages, and
then clean up the damage we’d be fine. Instead Bush sent FHA and
Fannie in to pour water into the leaking container.Disastrous strategy, kind of like invading iraq
September 21, 2009 at 8:06 AM in reply to: Fannie Mae will now loan up to 125% of current value on refi’s #460176Participant[quote=CA renter][quote=jpinpb][quote=patb]
we had 115% LTV or more in 05 and 06.Builder credits for downpayment was the trick.[/quote]
Sadly, that is a good point that I knew about and forgot to mention. True that. Thanks for the reminder. It’s all been tricks.[/quote]Don’t forget the seller “credits” to cover closing costs and other items, and now with the $8,000 tax credit, and 3.5% FHA loans…we are absolutely back to 100%++ LTVs. That’s why the market’s so hot, IMHO.[/quote]
A whole bunch more people will get burned again.
If they would let prices revert, write down mortgages, and
then clean up the damage we’d be fine. Instead Bush sent FHA and
Fannie in to pour water into the leaking container.Disastrous strategy, kind of like invading iraq
September 21, 2009 at 8:06 AM in reply to: Fannie Mae will now loan up to 125% of current value on refi’s #460249Participant[quote=CA renter][quote=jpinpb][quote=patb]
we had 115% LTV or more in 05 and 06.Builder credits for downpayment was the trick.[/quote]
Sadly, that is a good point that I knew about and forgot to mention. True that. Thanks for the reminder. It’s all been tricks.[/quote]Don’t forget the seller “credits” to cover closing costs and other items, and now with the $8,000 tax credit, and 3.5% FHA loans…we are absolutely back to 100%++ LTVs. That’s why the market’s so hot, IMHO.[/quote]
A whole bunch more people will get burned again.
If they would let prices revert, write down mortgages, and
then clean up the damage we’d be fine. Instead Bush sent FHA and
Fannie in to pour water into the leaking container.Disastrous strategy, kind of like invading iraq
September 21, 2009 at 8:06 AM in reply to: Fannie Mae will now loan up to 125% of current value on refi’s #460447Participant[quote=CA renter][quote=jpinpb][quote=patb]
we had 115% LTV or more in 05 and 06.Builder credits for downpayment was the trick.[/quote]
Sadly, that is a good point that I knew about and forgot to mention. True that. Thanks for the reminder. It’s all been tricks.[/quote]Don’t forget the seller “credits” to cover closing costs and other items, and now with the $8,000 tax credit, and 3.5% FHA loans…we are absolutely back to 100%++ LTVs. That’s why the market’s so hot, IMHO.[/quote]
A whole bunch more people will get burned again.
If they would let prices revert, write down mortgages, and
then clean up the damage we’d be fine. Instead Bush sent FHA and
Fannie in to pour water into the leaking container.Disastrous strategy, kind of like invading iraq
September 20, 2009 at 2:30 PM in reply to: Fannie Mae will now loan up to 125% of current value on refi’s #459424Participant[quote=jpinpb]T
We’re going on 15 years of propping this market. Maybe down the road we’ll see 150% and 20k credit. I mean 2 years ago, would you have thought 15k credit and 125% loan-to-value. I don’t think any Pigg predicted that, just that the government will continue to throw money at this.
I.[/quote]
we had 115% LTV or more in 05 and 06.
Builder credits for downpayment was the trick.
September 20, 2009 at 2:30 PM in reply to: Fannie Mae will now loan up to 125% of current value on refi’s #459616Participant[quote=jpinpb]T
We’re going on 15 years of propping this market. Maybe down the road we’ll see 150% and 20k credit. I mean 2 years ago, would you have thought 15k credit and 125% loan-to-value. I don’t think any Pigg predicted that, just that the government will continue to throw money at this.
I.[/quote]
we had 115% LTV or more in 05 and 06.
Builder credits for downpayment was the trick.
September 20, 2009 at 2:30 PM in reply to: Fannie Mae will now loan up to 125% of current value on refi’s #459950Participant[quote=jpinpb]T
We’re going on 15 years of propping this market. Maybe down the road we’ll see 150% and 20k credit. I mean 2 years ago, would you have thought 15k credit and 125% loan-to-value. I don’t think any Pigg predicted that, just that the government will continue to throw money at this.
I.[/quote]
we had 115% LTV or more in 05 and 06.
Builder credits for downpayment was the trick.
September 20, 2009 at 2:30 PM in reply to: Fannie Mae will now loan up to 125% of current value on refi’s #460023Participant[quote=jpinpb]T
We’re going on 15 years of propping this market. Maybe down the road we’ll see 150% and 20k credit. I mean 2 years ago, would you have thought 15k credit and 125% loan-to-value. I don’t think any Pigg predicted that, just that the government will continue to throw money at this.
I.[/quote]
we had 115% LTV or more in 05 and 06.
Builder credits for downpayment was the trick.
September 20, 2009 at 2:30 PM in reply to: Fannie Mae will now loan up to 125% of current value on refi’s #460218Participant[quote=jpinpb]T
We’re going on 15 years of propping this market. Maybe down the road we’ll see 150% and 20k credit. I mean 2 years ago, would you have thought 15k credit and 125% loan-to-value. I don’t think any Pigg predicted that, just that the government will continue to throw money at this.
I.[/quote]
we had 115% LTV or more in 05 and 06.
Builder credits for downpayment was the trick.
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