MR MORTGAGE – ALT-A EXPOSED…MUCH WORSE YET TO COME

Posted on April 16th, 2008 in Mr Mortgage's Personal Opinions/Research

The ALT-A universe, nearly twice the size of the subprime universe, is headed for disaster.  Are you prepared? – Best, Mr Mortgage

http://www.youtube.com/watch?v=pmeBSWI9sF8

32 Responses to “MR MORTGAGE – ALT-A EXPOSED…MUCH WORSE YET TO COME”

  1. Well, not everyone can say they lived through the fall of modern Rome. Americans just have not a clue to what is about to happen. I actually saw reports to day that the writing of derivatives is actually increasing.

    Keep up the great work. Your work is very much appreciated.

  2. Thanks for the support…just keep your head up when crossing the street because there is a tank headed our way.

  3. Got to echo the comment from the first chap.I really appreciate the time and effort you put in to putting your clips out.Only people who’ve been on the inside of the industry could put this together into something manageable for non experts.
    Thanks

  4. Your new blog can provide a resource list for each video you produce. A list of the Web site links referenced in each video, and even further research links for viewers would be a great addition.

    You could tell viewers to pause the video, go to your blog and click the links to follow along as you present the information.

  5. Wow MM-

    Just found your site, and I am now AS addicted to it as I am to ML implode with my morning coffee every day.

    You rock the house buddy!! We are all tired on the lies and re-arranging of proverbial deck chairs, and it is so refreshing to get more of an inside perspective delivered in layman’s terms on so many topics.

    It is definitely true that your average Joe six pack has NOOOOO idea how bad things are about to get.

    Keep on rockin’ in the FREE WORLD–We love ya man!

  6. […] ALT-A Exposed – The Worst Is Yet To Come […]

  7. Again thanks for all your insight into the mortgage debacle which is hitting the USA from all sides. It’s so refreshing to hear the truth spoken. If only our political leaders would follow suit. Keep up the good work and thanks. Ed

  8. Well, I agree that things are going to get considerably worse in a hurry. Question: Can the lenders with their team of Attorneys legally “freeze” the borrower from paying Option #1, and accelerate them straight to “IO”? D-Day if they figure it out.

  9. What agravates me are the analysts and tv talking heads who must have an inkling of the truth, bald facedly leave out the public information on the true status of thevarious types of mortgage resets that will continue to take down the CDO’s, CMO’s, ticking away in portfolois, mutual funds, and pension funds that will keep this credit crisis going till 2011 and beyond and take down the equity and fixed income markets in addition to the already dead real estate market. Credit suisse has a chart showing Alt-A’s resetting big time from 2009 till 2011–remember that it takes from 6-9 months for a reset to turn into a foreclosure, so subprime willstill be cooking off thru 2009….

  10. […] MR MORTGAGE – ALT-A EXPOSED…MUCH WORSE YET TO COME […]

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  14. Having had two members of my family involved with the “softer” subprime mortgage market for many years and subsequently exiting swiftly when the realization was on them that the “ball game was really over!” (They both have many years experience in the “normal” mortgage business…..

    The tidal wave of economic hardship is swiftly approaching; no one that I hear that has had “years of experience” has ever seen the “numbers” like now on the housing; let alone th price of gas and the real loss of jobs that is not reflected in the BLS stats.

    The dollar will get crushed unless the Fed raises interest rates which will kill all the ugly speculators and their “short term notes/debt/modular securities that none really understand” and good riddance!! So the Fed is between a rock and a hard place; almost where it was in the early ’90’s when the major banking “industry” was bailed out.

    Our paid off politicians who in most cases don’t really understand basic economics, let alone know the price of bread and milk have contributed grossly to the mess, both Dems and Repubs….with all their talk of “free markets,” and of course, the greatest error of them all….”Deregulation!”

    Greed is good; not economic murder of a total society!!

    Let all their souls rest in H$%^!!!

  15. […] MR MORTGAGE – ALT-A EXPOSED…MUCH WORSE YET TO COME […]

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  30. […] Look OUt! Here Comes the Alt-A Implosion […]

  31. […] Look OUt! Here Comes the Alt-A Implosion […]

  32. […] Look OUt! Here Comes the Alt-A Implosion […]

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