[sdduuuude]

davelj – thanks for this information. I really appreciate the insight. Very interesting. Very twisted. The best word I can think of is “stuck.” The banks are stuck. I’d say – by their own glue, too.

[sdduuuude]

davelj – thanks for this information. I really appreciate the insight. Very interesting. Very twisted. The best word I can think of is “stuck.” The banks are stuck. I’d say – by their own glue, too.

[sdduuuude]

davelj – thanks for this information. I really appreciate the insight. Very interesting. Very twisted. The best word I can think of is “stuck.” The banks are stuck. I’d say – by their own glue, too.

[sdduuuude]

davelj – thanks for this information. I really appreciate the insight. Very interesting. Very twisted. The best word I can think of is “stuck.” The banks are stuck. I’d say – by their own glue, too.

[sdduuuude]

[quote=davelj]Also, remember that most of these mortgages are ultimately held by securitization trusts (MBS) … So, servicers are losing their asses.[/quote]

Thanks for your patience on this and explaining again. I admit I haven’t followed this topic well in the past.

So, let me get this straight. Lets say I own an MBS with 100 mortgages in it. I own it. I get money from the payments, but I lose a fee to the servicer who processes the checks, sends out payment coupons to the borrower, etc.

Don’t I as the owner make the decision to foreclose?

Doesn’t the servicer have to live up to some quality standard of how quickly they process foreclosures ?

[sdduuuude]

[quote=davelj]Also, remember that most of these mortgages are ultimately held by securitization trusts (MBS) … So, servicers are losing their asses.[/quote]

Thanks for your patience on this and explaining again. I admit I haven’t followed this topic well in the past.

So, let me get this straight. Lets say I own an MBS with 100 mortgages in it. I own it. I get money from the payments, but I lose a fee to the servicer who processes the checks, sends out payment coupons to the borrower, etc.

Don’t I as the owner make the decision to foreclose?

Doesn’t the servicer have to live up to some quality standard of how quickly they process foreclosures ?

[sdduuuude]

[quote=davelj]Also, remember that most of these mortgages are ultimately held by securitization trusts (MBS) … So, servicers are losing their asses.[/quote]

Thanks for your patience on this and explaining again. I admit I haven’t followed this topic well in the past.

So, let me get this straight. Lets say I own an MBS with 100 mortgages in it. I own it. I get money from the payments, but I lose a fee to the servicer who processes the checks, sends out payment coupons to the borrower, etc.

Don’t I as the owner make the decision to foreclose?

Doesn’t the servicer have to live up to some quality standard of how quickly they process foreclosures ?

[sdduuuude]

[quote=davelj]Also, remember that most of these mortgages are ultimately held by securitization trusts (MBS) … So, servicers are losing their asses.[/quote]

Thanks for your patience on this and explaining again. I admit I haven’t followed this topic well in the past.

So, let me get this straight. Lets say I own an MBS with 100 mortgages in it. I own it. I get money from the payments, but I lose a fee to the servicer who processes the checks, sends out payment coupons to the borrower, etc.

Don’t I as the owner make the decision to foreclose?

Doesn’t the servicer have to live up to some quality standard of how quickly they process foreclosures ?

[sdduuuude]

[quote=davelj]Also, remember that most of these mortgages are ultimately held by securitization trusts (MBS) … So, servicers are losing their asses.[/quote]

Thanks for your patience on this and explaining again. I admit I haven’t followed this topic well in the past.

So, let me get this straight. Lets say I own an MBS with 100 mortgages in it. I own it. I get money from the payments, but I lose a fee to the servicer who processes the checks, sends out payment coupons to the borrower, etc.

Don’t I as the owner make the decision to foreclose?

Doesn’t the servicer have to live up to some quality standard of how quickly they process foreclosures ?

[sdduuuude]

I’m OK with people, as individuals, bagging on this law, or arranging a boycott, but why is our government voting on Arizona laws that we can’t possibly control ?

We don’t pay our govt employees to manage Arizona’s government. The school board? Really? Did I miss the day where they were voted in as the new Supreme Court? Shouldn’t they be cutting budgets or something.

[sdduuuude]

I’m OK with people, as individuals, bagging on this law, or arranging a boycott, but why is our government voting on Arizona laws that we can’t possibly control ?

We don’t pay our govt employees to manage Arizona’s government. The school board? Really? Did I miss the day where they were voted in as the new Supreme Court? Shouldn’t they be cutting budgets or something.

[sdduuuude]

I’m OK with people, as individuals, bagging on this law, or arranging a boycott, but why is our government voting on Arizona laws that we can’t possibly control ?

We don’t pay our govt employees to manage Arizona’s government. The school board? Really? Did I miss the day where they were voted in as the new Supreme Court? Shouldn’t they be cutting budgets or something.

[sdduuuude]

I’m OK with people, as individuals, bagging on this law, or arranging a boycott, but why is our government voting on Arizona laws that we can’t possibly control ?

We don’t pay our govt employees to manage Arizona’s government. The school board? Really? Did I miss the day where they were voted in as the new Supreme Court? Shouldn’t they be cutting budgets or something.

[sdduuuude]

I’m OK with people, as individuals, bagging on this law, or arranging a boycott, but why is our government voting on Arizona laws that we can’t possibly control ?

We don’t pay our govt employees to manage Arizona’s government. The school board? Really? Did I miss the day where they were voted in as the new Supreme Court? Shouldn’t they be cutting budgets or something.

[sdduuuude]

[quote=meadandale]Well, considering the demographics, if Los Angelinos stop traveling to Arizona that may make a huge dent in their problem anyways.[/quote]

Never thought of it that way! Those zonies are smarter than I thought! Likely more illegals will be heading our way or into New Mexico. Maybe the border patrol should set up on I-8 at the CA/AZ border and catch them coming to the state where illegals are not illegal. Huh ?

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