Check out my new blog… mrmortgage.ml-implode.com S&P, BofA and Fitch all concur that the ‘Home Equity Implosion’ is knocking on, or kicking down rather, the front door.
San Francisco Home Insurance Related Sites
- FAQ Home Equity | raestate
- How to Lower Home Equity Interest « ekrukh
- BofA Mortgage Liquidations May Jump on Insurance Unit’s Sale, Goodman Says | Mortgage News – LoanSafe.org
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{ 25 comments… read them below or add one }
Passing it around.
Well done, Sir.
Absolute Gospel Brother, keep on talking it up.
Thanks Mark. Keep it up.
Great Information! Thank you.
CHL
don’t believe the hype. right on! thanks for your efforts.
Great stuff, deserve 5 stars!!!
Great info, your doing a great job informing people. keep it up.
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
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…
Thank you for the truth, it’s refreshing to hear……
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?
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!
You look like Elvis!!!
I wondered all these times who you look like!!! do you sing?
Youre Elvis Presley of the Mortgage industry!!
LOL
Appreciate your sharing this info and exposing the hype.
“percent?” or percentage points? I can’t make oyt from the monologue. Please explain here (if you have time)
hopefully hot elvis and not 1977 elvis.
How long can these banks keep this bad paper before they are forced by necessity to finally openly declare their losses?
Went to Costco today, NO RICE. LOW ON WHEAT, SALT, SUGAR, and Veg. Oil.
This is real time.
seems like forever.
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
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?
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.
We Can Help You Save Your Home From Foreclosure Go To homesaver(DOT)tk
Mortgages Delinquencie Rise
gee wait, heres a trick
LOWER FUCKING HOME PRICES 50gs and give poeple the freedom to own tax free land you fucking dirt bags. Just maybe if it dident take a fuckin lifetime to pay at a 1000$ a month and people could actually own their land like natives do you’d have less delinquencies! Assrags.
thanks to economic growth of the past, present cost of life makes having a job a pointless futility! yall deserve to go down with your beloved economy and taste your own fuckin medecine bunch of bloody misery inflicting
evil doers