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raty4RParticipant
From my reading, this moritorium is not just about foreclosures and who actually owns the title on the house but, the sloppiness that occured in the foreclosure process, is also comming into question in the loan origination process(don’t know the proper terms becasue I’m not a realtor/loan person)
Investors in MBS are questiong the underwriters(?) and loan insurance companies(?) saying they ‘machine’ stamped the loan approvals. Not properly verifying income, appraisals, comps, etc., resulting in fraudulent loans. These fraudulent loans were packaged into MBS’s and misrepresented as AAA rated. Now the buyers of the MBSs are wanting the banks to take them back.
Interesting times. If only I could figure out how to make money off of this…raty4RParticipantFrom my reading, this moritorium is not just about foreclosures and who actually owns the title on the house but, the sloppiness that occured in the foreclosure process, is also comming into question in the loan origination process(don’t know the proper terms becasue I’m not a realtor/loan person)
Investors in MBS are questiong the underwriters(?) and loan insurance companies(?) saying they ‘machine’ stamped the loan approvals. Not properly verifying income, appraisals, comps, etc., resulting in fraudulent loans. These fraudulent loans were packaged into MBS’s and misrepresented as AAA rated. Now the buyers of the MBSs are wanting the banks to take them back.
Interesting times. If only I could figure out how to make money off of this…raty4RParticipantFrom my reading, this moritorium is not just about foreclosures and who actually owns the title on the house but, the sloppiness that occured in the foreclosure process, is also comming into question in the loan origination process(don’t know the proper terms becasue I’m not a realtor/loan person)
Investors in MBS are questiong the underwriters(?) and loan insurance companies(?) saying they ‘machine’ stamped the loan approvals. Not properly verifying income, appraisals, comps, etc., resulting in fraudulent loans. These fraudulent loans were packaged into MBS’s and misrepresented as AAA rated. Now the buyers of the MBSs are wanting the banks to take them back.
Interesting times. If only I could figure out how to make money off of this…raty4RParticipantFrom my reading, this moritorium is not just about foreclosures and who actually owns the title on the house but, the sloppiness that occured in the foreclosure process, is also comming into question in the loan origination process(don’t know the proper terms becasue I’m not a realtor/loan person)
Investors in MBS are questiong the underwriters(?) and loan insurance companies(?) saying they ‘machine’ stamped the loan approvals. Not properly verifying income, appraisals, comps, etc., resulting in fraudulent loans. These fraudulent loans were packaged into MBS’s and misrepresented as AAA rated. Now the buyers of the MBSs are wanting the banks to take them back.
Interesting times. If only I could figure out how to make money off of this…raty4RParticipantFrom my reading, this moritorium is not just about foreclosures and who actually owns the title on the house but, the sloppiness that occured in the foreclosure process, is also comming into question in the loan origination process(don’t know the proper terms becasue I’m not a realtor/loan person)
Investors in MBS are questiong the underwriters(?) and loan insurance companies(?) saying they ‘machine’ stamped the loan approvals. Not properly verifying income, appraisals, comps, etc., resulting in fraudulent loans. These fraudulent loans were packaged into MBS’s and misrepresented as AAA rated. Now the buyers of the MBSs are wanting the banks to take them back.
Interesting times. If only I could figure out how to make money off of this…raty4RParticipantcereal boxes getting smaller and even the bag inside is smaller, yet the price is higher. 2.50+ for a roll of paper towels wth?? Last year Bud 18 packs were $12.99 now $18.99(yeah I know buy on “sale”) etc.
Take a look at the commodities futures and decide if there is inflation coming or not.
http://finviz.com/futures_charts.ashx?p=w1Paraphrased from another blog, but I agree.
“Overpriced assets continue to fall (homes, cars, durbable goods, etc.). Relatively undervalued assets that saw little price appreciation from 1980-2002 such as commodities continue to rise. These cycles come and go. Interest rates have been hopelessly skewed (or screwed) by $213 TRILL in US bank otc interest rate swaps created over the past 20 yrs. This has caused massive malinvestment in things that should never have been….and a lack of investment in things that should have been. If you’re waiting for higher interest rates to tell you there is inflation in commodity prices, it might be a long wait. Don’t count on China and Asia in general to continue to allow our inflation to be exported to them. That worked in the 1980’s and 90’s just fine. But as Asia continues to grow their industrial base expect them to continue to require a much higher percentage of their goods and services to stay home. And as this growth occurs, so do wages and cost of living which means cheaper exports for the US becoming a thing of the past, hence higher priced imports, especially if tariffs are added.”raty4RParticipantcereal boxes getting smaller and even the bag inside is smaller, yet the price is higher. 2.50+ for a roll of paper towels wth?? Last year Bud 18 packs were $12.99 now $18.99(yeah I know buy on “sale”) etc.
Take a look at the commodities futures and decide if there is inflation coming or not.
http://finviz.com/futures_charts.ashx?p=w1Paraphrased from another blog, but I agree.
“Overpriced assets continue to fall (homes, cars, durbable goods, etc.). Relatively undervalued assets that saw little price appreciation from 1980-2002 such as commodities continue to rise. These cycles come and go. Interest rates have been hopelessly skewed (or screwed) by $213 TRILL in US bank otc interest rate swaps created over the past 20 yrs. This has caused massive malinvestment in things that should never have been….and a lack of investment in things that should have been. If you’re waiting for higher interest rates to tell you there is inflation in commodity prices, it might be a long wait. Don’t count on China and Asia in general to continue to allow our inflation to be exported to them. That worked in the 1980’s and 90’s just fine. But as Asia continues to grow their industrial base expect them to continue to require a much higher percentage of their goods and services to stay home. And as this growth occurs, so do wages and cost of living which means cheaper exports for the US becoming a thing of the past, hence higher priced imports, especially if tariffs are added.”raty4RParticipantcereal boxes getting smaller and even the bag inside is smaller, yet the price is higher. 2.50+ for a roll of paper towels wth?? Last year Bud 18 packs were $12.99 now $18.99(yeah I know buy on “sale”) etc.
Take a look at the commodities futures and decide if there is inflation coming or not.
http://finviz.com/futures_charts.ashx?p=w1Paraphrased from another blog, but I agree.
“Overpriced assets continue to fall (homes, cars, durbable goods, etc.). Relatively undervalued assets that saw little price appreciation from 1980-2002 such as commodities continue to rise. These cycles come and go. Interest rates have been hopelessly skewed (or screwed) by $213 TRILL in US bank otc interest rate swaps created over the past 20 yrs. This has caused massive malinvestment in things that should never have been….and a lack of investment in things that should have been. If you’re waiting for higher interest rates to tell you there is inflation in commodity prices, it might be a long wait. Don’t count on China and Asia in general to continue to allow our inflation to be exported to them. That worked in the 1980’s and 90’s just fine. But as Asia continues to grow their industrial base expect them to continue to require a much higher percentage of their goods and services to stay home. And as this growth occurs, so do wages and cost of living which means cheaper exports for the US becoming a thing of the past, hence higher priced imports, especially if tariffs are added.”raty4RParticipantcereal boxes getting smaller and even the bag inside is smaller, yet the price is higher. 2.50+ for a roll of paper towels wth?? Last year Bud 18 packs were $12.99 now $18.99(yeah I know buy on “sale”) etc.
Take a look at the commodities futures and decide if there is inflation coming or not.
http://finviz.com/futures_charts.ashx?p=w1Paraphrased from another blog, but I agree.
“Overpriced assets continue to fall (homes, cars, durbable goods, etc.). Relatively undervalued assets that saw little price appreciation from 1980-2002 such as commodities continue to rise. These cycles come and go. Interest rates have been hopelessly skewed (or screwed) by $213 TRILL in US bank otc interest rate swaps created over the past 20 yrs. This has caused massive malinvestment in things that should never have been….and a lack of investment in things that should have been. If you’re waiting for higher interest rates to tell you there is inflation in commodity prices, it might be a long wait. Don’t count on China and Asia in general to continue to allow our inflation to be exported to them. That worked in the 1980’s and 90’s just fine. But as Asia continues to grow their industrial base expect them to continue to require a much higher percentage of their goods and services to stay home. And as this growth occurs, so do wages and cost of living which means cheaper exports for the US becoming a thing of the past, hence higher priced imports, especially if tariffs are added.”raty4RParticipantcereal boxes getting smaller and even the bag inside is smaller, yet the price is higher. 2.50+ for a roll of paper towels wth?? Last year Bud 18 packs were $12.99 now $18.99(yeah I know buy on “sale”) etc.
Take a look at the commodities futures and decide if there is inflation coming or not.
http://finviz.com/futures_charts.ashx?p=w1Paraphrased from another blog, but I agree.
“Overpriced assets continue to fall (homes, cars, durbable goods, etc.). Relatively undervalued assets that saw little price appreciation from 1980-2002 such as commodities continue to rise. These cycles come and go. Interest rates have been hopelessly skewed (or screwed) by $213 TRILL in US bank otc interest rate swaps created over the past 20 yrs. This has caused massive malinvestment in things that should never have been….and a lack of investment in things that should have been. If you’re waiting for higher interest rates to tell you there is inflation in commodity prices, it might be a long wait. Don’t count on China and Asia in general to continue to allow our inflation to be exported to them. That worked in the 1980’s and 90’s just fine. But as Asia continues to grow their industrial base expect them to continue to require a much higher percentage of their goods and services to stay home. And as this growth occurs, so do wages and cost of living which means cheaper exports for the US becoming a thing of the past, hence higher priced imports, especially if tariffs are added.”September 4, 2010 at 6:58 PM in reply to: OT: so this is what our soldiers are dying for in Afghanistan? #600498raty4RParticipantWell myth wise – time will tell… The polictics part was in response to other posts blaming Bush or the left or right. Why do you believe the US is in Afghanistan?(honest question)
September 4, 2010 at 6:58 PM in reply to: OT: so this is what our soldiers are dying for in Afghanistan? #600589raty4RParticipantWell myth wise – time will tell… The polictics part was in response to other posts blaming Bush or the left or right. Why do you believe the US is in Afghanistan?(honest question)
September 4, 2010 at 6:58 PM in reply to: OT: so this is what our soldiers are dying for in Afghanistan? #601136raty4RParticipantWell myth wise – time will tell… The polictics part was in response to other posts blaming Bush or the left or right. Why do you believe the US is in Afghanistan?(honest question)
September 4, 2010 at 6:58 PM in reply to: OT: so this is what our soldiers are dying for in Afghanistan? #601242raty4RParticipantWell myth wise – time will tell… The polictics part was in response to other posts blaming Bush or the left or right. Why do you believe the US is in Afghanistan?(honest question)
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