Comments on: August CA Home Sales & Foreclosure Report…Plus National ‘Existing Home Sales’ Preview

By: Mr. Mortgage’s Guide to the TRUTH! » CA Association of Realtors Needs a Math Class…Perhaps Ethics as Well

Mon, 29 Sep 2008 05:46:05 +0000

[...] Against ‘Bank Bailout’Mortgage Defaults Already at $50bb Per Month…$700bb Won’t Go Too Far!August CA Home Sales & Foreclosure Report…Plus National ‘Existing Home Sales’ PreviewCA Foreclosure Notices Fall 90% – Problem Solved? No Way.So, This is What Financial Armageddon Feels [...]

By: Mr. Mortgage’s Guide to the TRUTH! » Wachovia Finally Addressing Their Pay Option Portfolio

Fri, 26 Sep 2008 16:13:31 +0000

By: Mr. Mortgage’s Guide to the TRUTH! » BofA CEO Says ‘Half Banks Will Go Away’ in Next 5-Years

Wed, 24 Sep 2008 19:18:10 +0000

[...] Guide to the TRUTH! » FedUpUSA.com Makes a Stand Against ‘Bank Bailout’ on August CA Home Sales & Foreclosure Report…Plus National ‘Existing Home Sales’…Mr. Mortgage’s Guide to the TRUTH! » BofA CEO Says ‘Half Banks Will Go Away’ [...]

By: Mr. Mortgage’s Guide to the TRUTH! » FedUpUSA.com Makes a Stand Against ‘Bank Bailout’

Wed, 24 Sep 2008 19:16:54 +0000

[...] Go Too Far! Recent PostsMortgage Defaults Already at $50bb Per Month…$700bb Won’t Go Too Far!August CA Home Sales & Foreclosure Report…Plus National ‘Existing Home Sales’ PreviewCA Foreclosure Notices Fall 90% – Problem Solved? No Way.So, This is What Financial Armageddon Feels [...]

By: peterb

peterb — Tue, 23 Sep 2008 20:03:51 +0000

As Alt A and prime/jumbo prime come under more pressure due to softening prices and unemployment, look for the higher priced hoods to start falling more rapidly. After all, who took out these loans? These are the high dollar loans used to get into the homes in $600K plus areas.
Most of the sub primes were in low cost hoods and that’s why those areas fell first and hardest. Now it’s time for the more wealthy to experience the joys of mortgage default.

By: Stu

Stu — Tue, 23 Sep 2008 19:08:07 +0000

Mr. M. yeah I know… It is like bringing some sand to the beach… it just doesn’t add up to that much in the over all picture now does it.

Fannie and Freddie will probably cost us .20 on the dollar alone, so at $5 Trillion that is $1 Trillion right there… yeah we will make oodles of money off of this bail out… NOT!!!

That is the issue with rushing through this and as much as I cannot stand Dobbs, he is correct in the fact that we get 1 shot at this and only 1…

By: od

od — Tue, 23 Sep 2008 18:51:34 +0000

Stu,

I think you will see your infrastructure plans go through. Just like they did in the Great Depression. I wonder what abbreviations they will come up with this time?

Too bad the s#%*t has to hit the fan for anything to get done in this country.

By: Mr. Mortgage’s Guide to the TRUTH! » Mortgage Defaults Already at $50bb Per Month…$700bb Won’t Go Too Far!

Tue, 23 Sep 2008 18:43:53 +0000

[...] Comments Stu on August CA Home Sales & Foreclosure Report…Plus National ‘Existing Home Sales’…od on August CA Home Sales & Foreclosure Report…Plus National ‘Existing Home [...]

By: Stu

Stu — Tue, 23 Sep 2008 18:26:39 +0000

While this is going to cost us, and it should given the fact that the American Tax Payer was aslep at the voting booth allowing these same morons back into office over and over again, there are ways to make it work better for us.

For example:

I was never much for a stimulas package where we take Tax Payers money and just literally hand it back to them. You loose control of where, how and when it is spent. Thus you lose control of the stimulas affect.

I was never much for “Bail Outs” because they just reward the people responsible for the bad behavior. You get nothing for your money but debt and again the stimulas affect, if any is not in your control.

I am however, to a small degree, for an infrastructure bill that creates stimulas through job creation. That adds value to our country and creates jobs and savings which helps lending institutions. This would be my solution for this mess over any other idea I have come across.

Off course if I had my way we never would have gotten this far down this road, but we are and we do have to deal with it in some manner. that or just leave it be. The problem with that however, is that the Government has meddeled far too much already and screwed everything up. To leave it to rot on its own now would wreek havoc IMO. The time for this decision making was early on so it is too late now…

I was never much for

By: od

od — Tue, 23 Sep 2008 17:21:09 +0000

We are damned if we do and damned if we don’t.

Either way we are screwed.