Comments on: Using Countrywide as an Example of Housing Excellence. Nothing Down and Banana Republic Loans Make a Comeback back by Government Sponsored Entities! http://www.doctorhousingbubble.com/using-countrywide-as-an-example-of-housing-excellence-nothing-down-and-banana-republic-loans-make-a-comeback-back-by-government-sponsored-entities/ How I Learned to Love Southern California and Forget the Housing Bubble Fri, 09 Jan 2009 13:43:20 +0000 http://wordpress.org/?v=2.2.2 By: abdul rahim http://www.doctorhousingbubble.com/using-countrywide-as-an-example-of-housing-excellence-nothing-down-and-banana-republic-loans-make-a-comeback-back-by-government-sponsored-entities/#comment-22985 abdul rahim Wed, 27 Aug 2008 15:30:27 +0000 http://www.doctorhousingbubble.com/using-countrywide-as-an-example-of-housing-excellence-nothing-down-and-banana-republic-loans-make-a-comeback-back-by-government-sponsored-entities/#comment-22985 if countrywide fails, what becomes of the USA? if countrywide fails, what becomes of the USA?

]]> By: Reena http://www.doctorhousingbubble.com/using-countrywide-as-an-example-of-housing-excellence-nothing-down-and-banana-republic-loans-make-a-comeback-back-by-government-sponsored-entities/#comment-15273 Reena Thu, 22 May 2008 03:38:17 +0000 http://www.doctorhousingbubble.com/using-countrywide-as-an-example-of-housing-excellence-nothing-down-and-banana-republic-loans-make-a-comeback-back-by-government-sponsored-entities/#comment-15273 AnnScott: The "advertisement" was not something my friend created. I copied the text but left out all pictures and the name of the Lender that sent it to him.... Reena AnnScott:

The “advertisement” was not something my friend created.

I copied the text but left out all pictures and the name
of the Lender that sent it to him….

Reena

]]> By: Steve http://www.doctorhousingbubble.com/using-countrywide-as-an-example-of-housing-excellence-nothing-down-and-banana-republic-loans-make-a-comeback-back-by-government-sponsored-entities/#comment-15044 Steve Tue, 20 May 2008 03:25:32 +0000 http://www.doctorhousingbubble.com/using-countrywide-as-an-example-of-housing-excellence-nothing-down-and-banana-republic-loans-make-a-comeback-back-by-government-sponsored-entities/#comment-15044 Seems to me that this is good thing for those that want to reach the bottom faster. Dumping good money after bad will get us to end game that much faster. If only we could convince Citibank to loan maybe $10 Billion for an 800 square foot crap shack, then immediately default, they would have to admit they are insolvent and set off the chain reaction. Doing this one mortgage at a time is taking way too long! Seems to me that this is good thing for those that want to reach the bottom faster.

Dumping good money after bad will get us to end game that much faster.

If only we could convince Citibank to loan maybe $10 Billion for an 800 square foot crap shack, then immediately default, they would have to admit they are insolvent and set off the chain reaction.

Doing this one mortgage at a time is taking way too long!

]]> By: gael http://www.doctorhousingbubble.com/using-countrywide-as-an-example-of-housing-excellence-nothing-down-and-banana-republic-loans-make-a-comeback-back-by-government-sponsored-entities/#comment-15012 gael Mon, 19 May 2008 20:07:52 +0000 http://www.doctorhousingbubble.com/using-countrywide-as-an-example-of-housing-excellence-nothing-down-and-banana-republic-loans-make-a-comeback-back-by-government-sponsored-entities/#comment-15012 I just read this in the comments section over on Mish's site: "Southern California housing sales surged 22% from March." Is that true? And if so, who's buying? And where? Is this because of the Fannie and Freddie stuff? Should we all run out and start to spend spend spend again, hooray the markets up, real estate has healed itself, recession has been averted? It's all so confusing these days.... Help? I just read this in the comments section over on Mish’s site:

“Southern California housing sales surged 22% from March.”

Is that true? And if so, who’s buying? And where? Is this because of the Fannie and Freddie stuff? Should we all run out and start to spend spend spend again, hooray the markets up, real estate has healed itself, recession has been averted? It’s all so confusing these days….

Help?

]]> By: JC http://www.doctorhousingbubble.com/using-countrywide-as-an-example-of-housing-excellence-nothing-down-and-banana-republic-loans-make-a-comeback-back-by-government-sponsored-entities/#comment-14989 JC Mon, 19 May 2008 14:51:38 +0000 http://www.doctorhousingbubble.com/using-countrywide-as-an-example-of-housing-excellence-nothing-down-and-banana-republic-loans-make-a-comeback-back-by-government-sponsored-entities/#comment-14989 This just makes me puke! Everyone better be wearing seat belts. I see this as a short term (6-9 month) fix, then the house of cards comes falling down. Taking a trip back to lending like this can only end one way. In a disaster that we all are going to pay for one way or another. Not to mention the State of CA. is in real trouble and may not be paying its bills by the end of August. It's time the people start voting out the idiots and putting people in charge with some scrupples. This just makes me puke! Everyone better be wearing seat belts. I see this
as a short term (6-9 month) fix, then the house of cards comes falling down.
Taking a trip back to lending like this can only end one way. In a disaster that
we all are going to pay for one way or another. Not to mention the State of
CA. is in real trouble and may not be paying its bills by the end of August.
It’s time the people start voting out the idiots and putting people in charge with
some scrupples.

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