Comments on: Warren Buffet – ‘Wells Fargo to Experience Unusually Large Losses’ & BofA May Cut Dividend http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/ Your personal tour guide through the housing finance "misinformation maze". Thu, 14 May 2009 13:28:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Pulling out of E-Trade « Finding Freedom and Escaping the Great Depression Part II http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/comment-page-1/#comment-3534 Pulling out of E-Trade « Finding Freedom and Escaping the Great Depression Part II Sat, 26 Jul 2008 16:03:27 +0000 http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/#comment-3534 [...] Of all the banks, it seems that Wells Fargo is the most solid right now, and I keep my checking accounts with them for everyday banking. However, Wells is the country’s 2nd largest mortgage lender in the U.S., and Warren Buffet says they could experience “unusually large losses”. [...] [...] Of all the banks, it seems that Wells Fargo is the most solid right now, and I keep my checking accounts with them for everyday banking. However, Wells is the country’s 2nd largest mortgage lender in the U.S., and Warren Buffet says they could experience “unusually large losses”. [...]

]]> By: Daniel http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/comment-page-1/#comment-713 Daniel Sun, 25 May 2008 04:05:26 +0000 http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/#comment-713 I read similar article also named BofA May Cut Dividend, and it was completely different. Personally, I agree with you more, because this article makes a little bit more sense for me I read similar article also named BofA May Cut Dividend, and it was completely different. Personally, I agree with you more, because this article makes a little bit more sense for me

]]> By: George Farrell http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/comment-page-1/#comment-480 George Farrell Mon, 12 May 2008 04:07:51 +0000 http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/#comment-480 Loan mods require professional assistance or you will get the blowoff. Try Foreclosure Justice LLC at www.justdontwalkaway.com They are staffed by lawyers CPA's and other professionals. Loan mods require professional assistance or you will get the blowoff. Try Foreclosure Justice LLC at http://www.justdontwalkaway.com They are staffed by lawyers CPA’s and other professionals.

]]> By: REappraiser http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/comment-page-1/#comment-477 REappraiser Sun, 11 May 2008 19:25:16 +0000 http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/#comment-477 Response to Renterfornow - So true, including appraisers who either willfully inflated values or were not competent (or both). Afterall, what's to fear? - a rising market will cover me! I've reviewed many, many appraisals; too numerous I don't even know how many. Lots of them are outright fraud; like the one in NYC, a purchase money deal where the appraiser "popped" the 3 comparable sales prices reported in his appraisal up by $100K each in order to support subject property's sale price! And he thinks nobody is going to check his data?! I did, and all 3 sales closed exactly $100K less than what he reported! What an audaciuous fool! I look forward to many, many appraisers across the country losing their licenses for such skullduggery! Response to Renterfornow –

So true, including appraisers who either willfully inflated values or were not competent (or both). Afterall, what’s to fear? – a rising market will cover me!

I’ve reviewed many, many appraisals; too numerous I don’t even know how many. Lots of them are outright fraud; like the one in NYC, a purchase money deal where the appraiser “popped” the 3 comparable sales prices reported in his appraisal up by $100K each in order to support subject property’s sale price! And he thinks nobody is going to check his data?! I did, and all 3 sales closed exactly $100K less than what he reported! What an audaciuous fool!

I look forward to many, many appraisers across the country losing their licenses for such skullduggery!

]]> By: Marc Authier http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/comment-page-1/#comment-442 Marc Authier Sat, 10 May 2008 01:02:50 +0000 http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/#comment-442 No strenghthening in the dollar today and oil at 126$. Iran made a promise this week of a price of 200$. Warren this time is lying. No strenghthening in the dollar today and oil at 126$. Iran made a promise this week of a price of 200$. Warren this time is lying.

]]> By: mtgspy http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/comment-page-1/#comment-435 mtgspy Fri, 09 May 2008 21:38:34 +0000 http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/#comment-435 "Buffet is a long term investor" I used to think that way about the WFC business, until they told me they shitcan the entire mortgage operation in MD and I know what happened. “Buffet is a long term investor”

I used to think that way about the WFC business, until they told me they shitcan the entire mortgage operation in MD and I know what happened.

]]> By: Tobby http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/comment-page-1/#comment-434 Tobby Fri, 09 May 2008 17:15:34 +0000 http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/#comment-434 Buffet is a long term investor. He is looking at Wells in 10 years, not two. Most of his investments have taken 7 years or longer to return spectacular gains. Wells, like BOA, is positioned to gain considerable market share in the next few years regardless of the near term pain. Buffet is a long term investor. He is looking at Wells in 10 years, not two. Most of his investments have taken 7 years or longer to return spectacular gains. Wells, like BOA, is positioned to gain considerable market share in the next few years regardless of the near term pain.

]]> By: Anneliese http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/comment-page-1/#comment-431 Anneliese Fri, 09 May 2008 13:57:08 +0000 http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/#comment-431 No, thank you :) Would love to get the word out, they think I am nuts. I was warning on inflation, oil, etc. in August, you would think I was Osama Bin Laden. I am not a major gold bug, I am not hoarding food in a bunker for "end of oil" or any of that,just holdin on to my cash (as devalued as it may be) to stay as whole as possible through this mess. Honestly, I don't want to see people get screwed, but I have learned to just keep my mouth shut, and keep up with all the info I can get my hands on. A big shock could be on the way, and sadly I think 80% of america has no clue, anyway, have a nice weekend all....lol ;oD No, thank you :)

Would love to get the word out, they think I am nuts. I was warning on inflation, oil, etc. in August, you would think I was Osama Bin Laden. I am not a major gold bug, I am not hoarding food in a bunker for “end of oil” or any of that,just holdin on to my cash (as devalued as it may be) to stay as whole as possible through this mess. Honestly, I don’t want to see people get screwed, but I have learned to just keep my mouth shut, and keep up with all the info I can get my hands on. A big shock could be on the way, and sadly I think 80% of america has no clue, anyway, have a nice weekend all….lol ;oD

]]> By: admin http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/comment-page-1/#comment-430 admin Fri, 09 May 2008 13:25:05 +0000 http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/#comment-430 thanks anneleise. after reading up through this thread, everyone nailed it. just get the message out guys because what you are seeing happeninbg is the first of many large fleecing's of america. first, in the free money real estate pump itself by the investment banks, second in the massive devaluation wave going across the country and last in the massive bailouts that out grandkids will pay for if we are not careful. thanks anneleise. after reading up through this thread, everyone nailed it. just get the message out guys because what you are seeing happeninbg is the first of many large fleecing’s of america. first, in the free money real estate pump itself by the investment banks, second in the massive devaluation wave going across the country and last in the massive bailouts that out grandkids will pay for if we are not careful.

]]> By: Anneliese http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/comment-page-1/#comment-427 Anneliese Fri, 09 May 2008 12:24:12 +0000 http://mrmortgage.ml-implode.com/2008/05/08/warren-buffet-wells-fargo-to-experience-unusually-large-losses-bofa-may-cut-dividend/#comment-427 Right on the Money Marc Authier, I agree totally with your posts. Especially regarding the "everything is fine" crap. I hear this stuff on CNBC and think these people should be strung out in the town square! As far as the ordinary Joe, they don't want to know - I have been called doom and gloom, etc. Whatever, good for them - when I can sell my gold to heat my house (funny if it didn't seem so real!?), I wonder if they will want to come by for a little warmth? No one likes a buzz kill, and all these sheep who have been driving their SUVs, and living off their Helocs, are too afraid to admit to themselves that their little party may be over. Party like it's 1999 kids! Yup everythings fine, go spend your stimulus check! "It's a great time to buy a house", "it's only a slow down"....bla, bla, bla! Thanks everyone, I enjoy reading your posts, and Mr. Mortgage all the best and thanks for some reality! Right on the Money Marc Authier, I agree totally with your posts. Especially regarding the “everything is fine” crap. I hear this stuff on CNBC and think these people should be strung out in the town square!

As far as the ordinary Joe, they don’t want to know – I have been called doom and gloom, etc. Whatever, good for them – when I can sell my gold to heat my house (funny if it didn’t seem so real!?), I wonder if they will want to come by for a little warmth? No one likes a buzz kill, and all these sheep who have been driving their SUVs, and living off their Helocs, are too afraid to admit to themselves that their little party may be over. Party like it’s 1999 kids!

Yup everythings fine, go spend your stimulus check! “It’s a great time to buy a house”, “it’s only a slow down”….bla, bla, bla!

Thanks everyone, I enjoy reading your posts, and Mr. Mortgage all the best and thanks for some reality!

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