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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (82233)	3/19/2001 12:33:06 AM
From: chic_hearne	Respond to of 436258

Like everything else, the decision to foreclose is driven by market forces. Chic was saying that banks with bad loans should foreclose, I was saying that sometimes there are reasons to try to rehabilitate the borrower. "Should" might not be the way to put it. I'd say a smart upper manager might look into discretely getting rid of some bad debt while the getting is good. If they see the market has potential to implode, it would be smart to get on the offensive. Someone is going to be the bagholder in the end, but being early would save a lot of cash IMO. It's not very hard at all for these guys to figure out what you're up to. They have access to all of your debt and I'm sure they have mathematical models that shows who's at risk. I subscribe to equifax so I get notified of anyone that's checking my credit and changes to its status. It even picks up the pre-approved credit card inquiries (54 in the last two years). My mortgage changed to "high risk" about two months ago. I got the loan when I had some credit card and school debt. I'm zero debt now, made every payment on time as well as additional principal, and make more money. The only thing that I can think of is that they moved the equity percentage up for what they call "high risk". I put under $10K down and am backed by none other than Fannie Mae.

To: Ilaine who wrote (82233)	3/19/2001 7:35:38 AM
From: eddie r gammon	Respond to of 436258

<<< I was saying that sometimes there are reasons to try to rehabilitate the borrower. >>> HO HO HO, tell me about it. I got one now I am trying to rehabilitate. I dont want the stuff back ng erg

To: Ilaine who wrote (82233)	3/19/2001 11:24:26 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 436258

CB - miami.com "Budget surplus crisis solved ... build a bus museum By DAVE BARRY URGENT TAXPAYER BULLETIN: The Federal Budget Surplus Crisis has become so severe that there is now serious talk in Washington of letting you keep slightly more of your own money. That is correct: The government has been taking in so much of your money that EVEN CONGRESS is having a hard time spending it all. Not that Congress isn't trying! In fact, in recent years Congress, faced with the alarming buildup of your money, has come up with some truly creative things to spend it on. My favorite is the Greyhound Bus Museum. I am not making the Greyhound Bus Museum up. It's located in Hibbing, Minn. (``Gateway to the Greater Hibbing Area''). As every history student should know, Hibbing is the birthplace of Greyhound, which started as a small bus company and then grew, in historic fashion, into what it is today: a large bus* company...." * The word 'bus' is a registered trademark of the RAMBUS Corporation which maintains and reserves all of its rights under (as well as over, around and through) international law. Regards, Don