Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (25528)	11/30/2004 4:15:16 PM
From: TH	Read Replies (1) \| Respond to of 306849

ROTF! Gee Toll didn't really "give it" to the shorts today. Toll is moving to the top my list of "next". I'm thinking about CFC poots too, but I'm just not as sure about those. I wonder what Greenspasm is going to mumble on the 14th. GT TH EDIT: Forgot GOOG is at the top of my list. That pig ain't going fly forever. 50 billion for a SEARCH ENGINE.

To: patron_anejo_por_favor who wrote (25528)	11/30/2004 6:22:51 PM
From: daffodil	Read Replies (1) \| Respond to of 306849

I need to learn more about what happens in the mortgage lending process. I apologize for my ignorance, but I'm about 20 years out of date <g>. So if anyone--waving to patron--is willing to help me out, I'll be grateful. Scenario 1: I borrow $600,000 from Countrywide, with a 10% down payment. Does Countrywide keep the mortgage or do they sell it? If so, to whom? How many of their mortgages do they continue to hold? In other words, who holds the bag when I default and my home is worth less than the purchase price minus the down payment? Scenario 2: same fact pattern, but it's 0% down with a 30-year ARM. Are there any changes here as to who is at risk for the mortgage? Scenario 3: I have problem credit. Can I really borrow $600,00 from Spectrum, with ??? down?? What rate(s) am I paying? What happens to this mortgage? Does this one get CFC more government guarantees? Or do they cover the problem credit problem with a requirement for more money down? Who is at risk here? And how much protection against risk does the (presumably, I don't know) wider spread on the interest rate give? Thanks! }=>-------->>>>