-My mother in law is (well, was) a real estate agent in vegas for a national firm and she would kick back some commission money to the buyer either for first few mortgage payments (or to cover what little cash was required on closing after the exotic mortgage had paid nearly 100% of the price) in order to get a sale done.

-I refinanced my 30 year fixed to a 20 year fixed back in 2004. The Countrywide peddler I spoke with asked if I wanted to buy another home. I said that I was living on Social Security, and had no other income. The peddler said "Wait a minute, I'll be right back." One minute later, he said "You're approved for a $300,000 loan, as long as you aren't going to "flip" the house" As if they really cared. The point is obviously that had I taken up his offer, I would be stuck with 2 foreclosure-headed homes, especially since the equity I once had on my home has gone down the tubes-I live in Las Vegas. Where 1,201 homes are in foreclosure just in my Zip Code! Angelo and his like have hot seats in He** awaiting….

-The ice cream man (drives the little white truck) that stated 17,000 a month on his application(no Nat City didn't do his loan-but some lender did) and the 22 yr old bus boy who bought the 1 million dollar house in Concord with a no money down because he had 720+ FICO are just a few examples of loans I saw come in our door9no we didn't do this one either). I have many more loans that we here at Nat. City DIDN't do, however, some lender did.

-As a loan officer, it made me sick how many of these people played the system. If I tried to talk them out of it…they would not listen. They would just go to the next lender or the next lender after that until they found one that would qualify them…BINGO! After running into so many greedy borrowers stating income(should not be calles Stated, should be called INFLATED income)…I finally had to give into the madness as my Manager frowned on my lack of fundings. I then found JOY into punishing these greedy ba$tards into debt.
“Oh yea, you are approved… Enjoy that million dollar home while you are working at Starbucks”

Ist doch so viel verstaendlicher als die quantenmathematische Umschreibung!

Originalposts von dieser Seite

Hallo,

die ABX sind heute leicht erholt aus dem Handel gegangen.

07-Dec-07 Overview
Index Series Version Coupon RED ID Price High Low
ABX-HE-AAA 07-2 7 2 76 0A08AHAD4 72.81 99.33 66.41
ABX-HE-AA 07-2 7 2 192 0A08AGAD6 43.00 97.00 34.67
ABX-HE-A 07-2 7 2 369 0A08AFAD8 31.72 81.94 23.97
ABX-HE-BBB 07-2 7 2 500 0A08AIAD2 22.81 56.61 19.88
ABX-HE-BBB- 07-2 7 2 500 0A08AOAD9 21.49 50.33 18.90
ABX-HE-AAA 07-1 7 1 9 0A08AHAC6 78.11 100.09 68.92
ABX-HE-AA 07-1 7 1 15 0A08AGAC8 50.33 100.09 37.47
ABX-HE-A 07-1 7 1 64 0A08AFAC0 28.20 100.01 24.00
ABX-HE-BBB 07-1 7 1 224 0A08AIAC4 20.25 98.35 17.56
ABX-HE-BBB- 07-1 7 1 389 0A08AOAC1 19.46 97.47 16.84
ABX-HE-AAA 06-2 6 2 11 0A08AHAB8 88.00 100.12 79.97
ABX-HE-AA 06-2 6 2 17 0A08AGAB0 68.26 100.12 51.47
ABX-HE-A 06-2 6 2 44 0A08AFAB2 45.83 100.12 33.59
ABX-HE-BBB 06-2 6 2 133 0A08AIAB6 22.65 100.59 18.61
ABX-HE-BBB- 06-2 6 2 242 0A08AOAB3 19.89 100.94 16.63
ABX-HE-AAA 06-1 6 1 18 0A08AHAA1 93.17 100.38 90.09
ABX-HE-AA 06-1 6 1 32 0A08AGAA9 87.21 100.73 77.58
ABX-HE-A 06-1 6 1 54 0A08AFAA7 67.92 100.51 47.11
ABX-HE-BBB 06-1 6 1 154 0A08AIAA4 37.03 101.20 25.00
ABX-HE-BBB- 06-1 6 1 267 0A08AOAA2 29.75 102.19 21.83

Nice WE,

DT