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: Elroy Jetson who wrote (166259)	11/22/2008 8:02:25 AM
From: stomper	Respond to of 306849

Daniel Fine and Gene Morris look ready for a perp walk of their own. Fred Mohit looks like he got pushed into the whole scheme by his demanding wife who wanted to buy more sensible shoes.

To: Elroy Jetson who wrote (166259)	11/22/2008 10:22:41 AM
From: bentway	Read Replies (2) \| Respond to of 306849

They're only offering 90% LTV there, Elroy. What's up with that? Other banks were going 100%+ LTV.

To: Elroy Jetson who wrote (166259)	11/22/2008 10:45:09 AM
From: posthumousone	Respond to of 306849

Who could have predicted that? Downey S&L has all of those perfectly good, No-Doc, 90% Loan to Value, 27-month option-pay at only 1%, home mortgages. Certainly those assets must all still be good. And they considered each loan for up to five hours! Each of these assholes look like a real genius.>> I love the '5 hour loan decision program' in the lower right hand corner