Check out my new blog...
http://www.mrmortgage.typepad.com
S&P, BofA and Fitch all concur that the 'Home Equity Implosion' is knocking on, or kicking down rather, the front door.
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Comments about this Video
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What can I say? It's awesome info,as always.
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Awesome!
I want to buy my HELOC (now a 2nd) back from CFC for $0.1 - $0.3 on the dollar!!!
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me too. won't get it but shortly you maybe able to negotiate. What a great way for banks to lower leverage, raise cash, reduce loan exposure etc. - Best, mr Mortgage
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excellent info, thanks
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Great info....Do you have any info on non-bubble states?..I live in Oregon & values have dropped about 8% and a realtor claims that the market has "stabilized" because subprime loans are a much smaller % here then in the bubble states..
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Good stuff, Mortgage. Keep it coming!
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Thanks for informing people. F the MSM for not reporting this, F the wall st banks!
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I think your solution is great. I'm not sure what kind of blowback it would have though.
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yes, I have info...DONT BELIEVE REALTORS. Other than that, I don't have many specifics I can let out on OR on this forum. It is part of our paid subscription service for fundies. I will try to locate some free stuff for you. It may be a month or two delayed though. Shoot me an email to remind me. Best, mr mortgage
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markmti:
According to the data, when will the next big forclosure wave hit US? Is it in this summer or the end of this year when most of household need to pay higher interest rate for the mortgage? I am waiting for the time to buy a house, but I need to know when will be the safe time.
Thanks
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Mr. Mortgage is showing a way for the little guy not to get completely screwed.
Pass it around
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Passing it around.
Well done, Sir.
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Absolute Gospel Brother, keep on talking it up.
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markmti:
According to the data, when will the next big forclosure wave hit US? Is it in this summer or the end of this year when most of household need to pay higher interest rate for the mortgage? I am waiting for the time to buy a house, but I need to know when will be the safe time.
Thanks
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Mr. Mortgage is showing a way for the little guy not to get completely screwed.
Pass it around
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Passing it around.
Well done, Sir.
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Absolute Gospel Brother, keep on talking it up.
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Thanks Mark. Keep it up.
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Thanks Mark. Keep it up.
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Great Information! Thank you.
CHL
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don't believe the hype. right on! thanks for your efforts.
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Great stuff, deserve 5 stars!!!
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Great info, your doing a great job informing people. keep it up.
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Great info. Many people are upside down and don't realize it or are in denial. Who can actually qualify for a home loan now with no more Stated Income, sub-prime, HELOCs, or 100% financing loans? The foreclosures are definitely going to reach epidemic proportions in the near future.
Regards,
Sharkee
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seems like everybody is kind of aware of the critical situation in the US. The Dow being pegged to 12,500 makes me feel like we are going to have on top of this crisis a financial krach.. it is going to become messy... and I don't think Helicopter Ben is seeing the problem...
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Great Information! Thank you.
CHL
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Thank you for the truth, it's refreshing to hear......
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don't believe the hype. right on! thanks for your efforts.
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Great stuff, deserve 5 stars!!!
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If people start seeing banks selling the debt back for cents on the dollar to some,would that not cause more people to default on purpose.
Where does it end man where does it end?
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I found the answer to my question on your blog, at the very end of the article titled " Mar existing home sale" ( The only way out of all of this remains a national recuction of mortgage balances for everyone).
I am all over that!
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Great info, your doing a great job informing people. keep it up.
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You look like Elvis!!!
I wondered all these times who you look like!!! do you sing?
Youre Elvis Presley of the Mortgage industry!!
LOL
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Great info. Many people are upside down and don't realize it or are in denial. Who can actually qualify for a home loan now with no more Stated Income, sub-prime, HELOCs, or 100% financing loans? The foreclosures are definitely going to reach epidemic proportions in the near future.
Regards,
Sharkee
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Appreciate your sharing this info and exposing the hype.
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seems like everybody is kind of aware of the critical situation in the US. The Dow being pegged to 12,500 makes me feel like we are going to have on top of this crisis a financial krach.. it is going to become messy... and I don't think Helicopter Ben is seeing the problem...
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Thank you for the truth, it's refreshing to hear......
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If people start seeing banks selling the debt back for cents on the dollar to some,would that not cause more people to default on purpose.
Where does it end man where does it end?
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I found the answer to my question on your blog, at the very end of the article titled " Mar existing home sale" ( The only way out of all of this remains a national recuction of mortgage balances for everyone).
I am all over that!
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You look like Elvis!!!
I wondered all these times who you look like!!! do you sing?
Youre Elvis Presley of the Mortgage industry!!
LOL
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Appreciate your sharing this info and exposing the hype.
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"percent?" or percentage points? I can't make oyt from the monologue. Please explain here (if you have time)
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hopefully hot elvis and not 1977 elvis.
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"percent?" or percentage points? I can't make oyt from the monologue. Please explain here (if you have time)
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hopefully hot elvis and not 1977 elvis.
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How long can these banks keep this bad paper before they are forced by necessity to finally openly declare their losses?
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Went to Costco today, NO RICE. LOW ON WHEAT, SALT, SUGAR, and Veg. Oil.
This is real time.
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How long can these banks keep this bad paper before they are forced by necessity to finally openly declare their losses?
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Went to Costco today, NO RICE. LOW ON WHEAT, SALT, SUGAR, and Veg. Oil.
This is real time.
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seems like forever.
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seems like forever.
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FYI, I heard Fremont went to 4% on nego, my Mom heard on news Wells went to 4% on nego, but heard today someone got their 7.75 went to 7%, going to suggest he nego better. I don't think it's fair if your scores have always been low to go to 4% but hey if you can get it go for it! My Mom who has perfect credit & 5.75 from Nov '07 refi wants 4% now too. lol
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FYI, I heard Fremont went to 4% on nego, my Mom heard on news Wells went to 4% on nego, but heard today someone got their 7.75 went to 7%, going to suggest he nego better. I don't think it's fair if your scores have always been low to go to 4% but hey if you can get it go for it! My Mom who has perfect credit & 5.75 from Nov '07 refi wants 4% now too. lol
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Mr. Mortgage,
Can you give me a definition of leverage? What is it? How is it used/created? What are the dangers and why would someone desire it?
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Mr. Mortgage,
Can you give me a definition of leverage? What is it? How is it used/created? What are the dangers and why would someone desire it?
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Hi Jim - leverage means many things to the banks as you have learned but primarily the amount of debt used to try and achieve returns.
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Hi Jim - leverage means many things to the banks as you have learned but primarily the amount of debt used to try and achieve returns.
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We Can Help You Save Your Home From Foreclosure Go To homesaver(DOT)tk
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Dude,
I do not mean to offend you or cause you to be on-defense, but you are STELLAR HANDSOME AND GORGEOUS!!! Your eyes and teeth are rad. No hard feeling if you cannot accept a neutral compliment from Gaymanity, just say "thanks". man, you are IT!!!!!
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