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

To: Travis_Bickle who wrote (91988)	10/14/2007 8:51:30 AM
From: 10K a day	Read Replies (1) \| Respond to of 306849

FICO scoring is a strange dogma. People love their dogma's. it makes them feel safe. it allows people to put conceptualized 'thinking' on stuff. it say's this is me. and this is not me. it say's i'm a 750 and your not. so here is this 417 thousand dollar loan. level 3. off balance sheet. conceptualized garbage wrapped in a muffin. would you like cheese w/ that?? FICO scoring and the FICO dogma became a growth industry. It's like a score the nazis tatoo on your arm. You're stuck w/ it. people make money off of it and whole little bureaucracies are created w/ the dogma. It makes you feel safe. You just lent money to a 750 w/ no job. i hope he doesn't get divorced. i have no love loss for these scoring guys. they tried to get a little too cute and damage people. thats too bad. the guys who believed the crap they served up got taken to the cleaners. thats too bad. maybe they can try again to create a new and bigger dogma. What is your conduit score?? how many times have you refinanced that foreclosure? Would you like cheese w/ that??