Comments on: The Truth about Option ARMs, Pick-a-Pay Mortgages, and Alt-A Loans: Looking at Wells Fargo, Bank of America, and JP Morgan. We are in the Eye of the $469 Billion Toxic Mortgage Hurricane and Silence is not Golden. http://www.doctorhousingbubble.com/the-truth-about-option-arms-pick-a-pay-mortgages-and-alt-a-loans-looking-at-wells-fargo-bank-of-america-and-jp-morgan-we-are-in-the-eye-of-the-469-billion-toxic-mortgage-hurricane-and-silence/ How I Learned to Love Southern California and Forget the Housing Bubble Tue, 16 Mar 2010 20:25:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: LuftMensch http://www.doctorhousingbubble.com/the-truth-about-option-arms-pick-a-pay-mortgages-and-alt-a-loans-looking-at-wells-fargo-bank-of-america-and-jp-morgan-we-are-in-the-eye-of-the-469-billion-toxic-mortgage-hurricane-and-silence/comment-page-1/#comment-43930 LuftMensch Fri, 08 Jan 2010 21:14:00 +0000 http://www.doctorhousingbubble.com/?p=1823#comment-43930 --Agreed that many waves of recasts/foreclosure to come --Doubts about the size of shadow indicate, for example, people can't get loan mods unless they are 90 days late, some lenders are telling borrowers to become late to get the mod. --Value of money is not based on how much gold is in the world--as far as I can tell our fiat money is based on the ability of the issuing country to tax. I would think about evaluating it just like a personal financial statement...think of money as IOU bonds issued by the country, based on the income-stream of their future tax-payments, enforced by police power. Someone could do a present value of money calculation on this...figure out a P/E ratio for the dollar etc... –Agreed that many waves of recasts/foreclosure to come

–Doubts about the size of shadow indicate, for example, people can’t get loan mods unless they are 90 days late, some lenders are telling borrowers to become late to get the mod.

–Value of money is not based on how much gold is in the world–as far as I can tell our fiat money is based on the ability of the issuing country to tax. I would think about evaluating it just like a personal financial statement…think of money as IOU bonds issued by the country, based on the income-stream of their future tax-payments, enforced by police power. Someone could do a present value of money calculation on this…figure out a P/E ratio for the dollar etc…

]]> By: RON http://www.doctorhousingbubble.com/the-truth-about-option-arms-pick-a-pay-mortgages-and-alt-a-loans-looking-at-wells-fargo-bank-of-america-and-jp-morgan-we-are-in-the-eye-of-the-469-billion-toxic-mortgage-hurricane-and-silence/comment-page-1/#comment-42740 RON Sat, 28 Nov 2009 18:04:24 +0000 http://www.doctorhousingbubble.com/?p=1823#comment-42740 Government has a BIG chunk in shares with GM; 60% Based on the facts indicated above,now is the time for Obama to help homeowners to keep their existing homes. Priority #1 = FAMILIES!!!! - - Please Government has a BIG chunk in shares with GM; 60%

Based on the facts indicated above,now is the time for
Obama to help homeowners to keep their existing homes.

Priority #1 = FAMILIES!!!! – - Please

]]> By: moony http://www.doctorhousingbubble.com/the-truth-about-option-arms-pick-a-pay-mortgages-and-alt-a-loans-looking-at-wells-fargo-bank-of-america-and-jp-morgan-we-are-in-the-eye-of-the-469-billion-toxic-mortgage-hurricane-and-silence/comment-page-1/#comment-36961 moony Wed, 10 Jun 2009 00:39:28 +0000 http://www.doctorhousingbubble.com/?p=1823#comment-36961 I was a loan officer during the boom and shook my head while my buddies made way more money selling option arms with 3 points rebate...i decided to be morally strong and not sell them, and i thought i was prudent by not buying in an inflated market. Now when i want to buy and try to get a deal, i cant come up with 10-20% down payment, I cant qualify based on my lower income, even tho i have stellar credit...i shouldve been greedy and got into a 800 k home with no money down on stated income, then just have Obama bail me out with a loan mod! I was a loan officer during the boom and shook my head while my buddies made way more money selling option arms with 3 points rebate…i decided to be morally strong and not sell them, and i thought i was prudent by not buying in an inflated market. Now when i want to buy and try to get a deal, i cant come up with 10-20% down payment, I cant qualify based on my lower income, even tho i have stellar credit…i shouldve been greedy and got into a 800 k home with no money down on stated income, then just have Obama bail me out with a loan mod!

]]> By: Joe Loomer http://www.doctorhousingbubble.com/the-truth-about-option-arms-pick-a-pay-mortgages-and-alt-a-loans-looking-at-wells-fargo-bank-of-america-and-jp-morgan-we-are-in-the-eye-of-the-469-billion-toxic-mortgage-hurricane-and-silence/comment-page-1/#comment-36904 Joe Loomer Mon, 08 Jun 2009 15:17:08 +0000 http://www.doctorhousingbubble.com/?p=1823#comment-36904 Doc, this very topic - in a condensed version - was the focus of Gary Keller's Vision speech at the Keller Wiliams convention in Orlando this past February. Knowing what's coming is half the battle. Navy Chief, Navy Pride Doc, this very topic – in a condensed version – was the focus of Gary Keller’s Vision speech at the Keller Wiliams convention in Orlando this past February. Knowing what’s coming is half the battle.

Navy Chief, Navy Pride

]]> By: Joe R http://www.doctorhousingbubble.com/the-truth-about-option-arms-pick-a-pay-mortgages-and-alt-a-loans-looking-at-wells-fargo-bank-of-america-and-jp-morgan-we-are-in-the-eye-of-the-469-billion-toxic-mortgage-hurricane-and-silence/comment-page-1/#comment-36529 Joe R Sat, 30 May 2009 10:26:40 +0000 http://www.doctorhousingbubble.com/?p=1823#comment-36529 My comment about my wife got edited wrong. I said she wants a nice new (used) house in Orange when they're at LT $400K. They're GT $500 K now. I used the math symbols in my original and maybe they can't be used in this blog? My comment about my wife got edited wrong. I said she wants a nice new (used) house in Orange when they’re at LT $400K. They’re GT $500 K now. I used the math symbols in my original and maybe they can’t be used in this blog?

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