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Strategies & Market Trends
The Residential Real Estate Crash Index
An SI Board Since June 2001
Posts SubjectMarks Bans Symbol
306849 644 0 $HGX
Emcee:  patron_anejo_por_favor Type:  Unmoderated
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ReplyMessage PreviewFromPosted
85476Wells is offering 7.25 APR with 1 point and 20% down. That's a bank! It'Live2Sail8/15/2007
85475I really liked the guest psychiatrist on the PBS "Nightly Business Report&qElroy Jetson8/15/2007
85474No one is going to offer a decent rate on a slim 10% down-payment. They'll nElroy Jetson8/15/2007
85473So what just knocked the mkt down this time? I'm starting to feel unstoppablSmiling Bob8/15/2007
85472I wonder how many puts and short shares Merrill bought before the downgrade ....saveslivesbyday8/15/2007
85471LOL, well I don't know what kind of jumbo is available for a 2.45mm house wiLizzie Tudor8/15/2007
85470Slow down CFC! I don't want to have to sell my LEAP puts this tax year. Dizebra4o18/15/2007
85469CFC 92 million + shares traded now, I can account for a few K myselfsaveslivesbyday8/15/2007
85468Just telephoned my friend who works for CFC, a little after 2. He was unaware ofjpk18/15/2007
85467See my posting from sfgate.com about the guy with bucks who wanted to buy a 2.45Live2Sail8/15/2007
85466CFC preferreds trade in the danger zone. Preferred A: 14.00 Preferred B: 13.80RockyBalboa8/15/2007
85465yeah, i was thinking about the 'hostile tenant' living in the beethoven MulhollandDrive8/15/2007
85464<i> "There's no real estate problem that cash won't solve.&quRockyBalboa8/15/2007
85463<i>if the renters are in arrears, then he is in a world of hurt </i>GraceZ8/15/2007
85462I think they can do the 10% down and 10% HELOC though and that will work just fiLizzie Tudor8/15/2007
85461Don't forget title insurance, closing costs, and moving costs.Think4Yourself8/15/2007
85460You might not have to pressure him to reveal financial info, just get him to staTradelite8/15/2007
85459CFC below 21, down to Oct 2003 levels now.saveslivesbyday8/15/2007
85458>>>to forgive the debt and also not make the bank's loss a taxable ChanceIs8/15/2007
85457He gets a 1099 for the deficiency when they write it off but that can usually beGraceZ8/15/2007
85456I want to say thank you to everyone for the helpful advice and well wishes. If Lee8/15/2007
85455Unbelievably, Schwab still has CFC shares to short. Stock in freefall.saveslivesbyday8/15/2007
85454Remains to be seen if the credit crunch takes lending standards back to 1991-92 John Vosilla8/15/2007
85453if so even worse for Lee's dad....i misread his original post when he wrote:MulhollandDrive8/15/2007
85452You don't have to be late or in arrears for a short sale. All most banks reqGraceZ8/15/2007
85451'..even with the tenant, he has what is called in RE circles an "alligaJohn Vosilla8/15/2007
85450<<It's the 20% down that will kill the market. No first time buyer theTradelite8/15/2007
85449<i>Making a decent downpayment might be likened to returning to the Dark AMulhollandDrive8/15/2007
85448You can bet the house that legislation will come in, perhaps after the Dems takJohn Vosilla8/15/2007
85447good points for Lee to consider about the short sale TITE... to really get the MulhollandDrive8/15/2007
85446ok.. Just trying to connect the electronic dots in this "modern" econocoug8/15/2007
85445Big Spenders Reality Show I watched this TV show on satellite the other night, silenceddissenter8/15/2007
85444the bank has the right to lien or forgive In either case the borrower is hosed.Broken_Clock8/15/2007
85443<i>It's the 20% down that will kill the market. </i> I have seesilenceddissenter8/15/2007
85442A short sale is a taxable event - ie, the gain on debt forgiven is taxable, evenRockyBalboa8/15/2007
85441Some people call it a squeeze. I call it the beginning of a nice big flush thatTradelite8/15/2007
85440To add to this: time is of the essence in this case. Short sales may move very Live2Sail8/15/2007
85439i honestly have no explanation for the wide spread on that loan, i concluded thaMulhollandDrive8/15/2007
85438i thought so too.... maybe it is shades is just trying to throw us a canadian cMulhollandDrive8/15/2007
85437Other than Countrywide's 9.98 APR for a day or two last week, the only otherThink4Yourself8/15/2007
85436Wallstreet could own 1 in 20 homes soon.10K a day8/15/2007
85435Jumbo lending has all shifted to banks. I think its a good guess that mortgage bElroy Jetson8/15/2007
85434The book value could be volatile. Here, it is likely a statistical estimate comRockyBalboa8/15/2007
85433Don't get carried away with that real estate/fed government analogy, now. &Tradelite8/15/2007
85432Chinese-made baby bibs provide protection against Kryptonite iht.comLes H8/15/2007
85431Writing style is the same: Message 23771832 Quote in italics, block of text, qTravis_Bickle8/15/2007
85430Mulholland.....re: your daughter's reports about loans Did you hear Mike SaTradelite8/15/2007
85429banks will not consider a short sale until your father in law is already in arreBroken_Clock8/15/2007
85428With respect to common I don't think it is debt if the corporation has authoTravis_Bickle8/15/2007
85427So when people ask the Bushies about the huge debt.. they can say, "No Debtcoug8/15/2007
85426hmmmm.....when did shades move to canada? Message 23793780MulhollandDrive8/15/2007
85425Same here....the CFC REO list for AZ is growing by the day...patron_anejo_por_favor8/15/2007
85424glad to see you back in action, shades!Travis_Bickle8/15/2007
85423Les, and all: Since there are some local experts on the board, I have a questionRockyBalboa8/15/2007
85422<<Sounds like "Busheconomics" to me>> Multi-generational Tradelite8/15/2007
85421<i> It's highly likely that the original loan has been chopped up intosilenceddissenter8/15/2007
85420re: <<In Japan when this happened the lenders started offering multi genercoug8/15/2007
85419The NAHB reports that builder confidence fell to 22 in August. The record low waCalculatedRisk8/15/2007
85418<i>In Japan when this happened the lenders started offering multi generatiMike da bear8/15/2007
85417Lee, it seems to me your stepfather should talk to some banks before deciding thTradelite8/15/2007
85416<i>if only just to be able to inject the money and then get the book valueGraceZ8/15/2007
85415Multi Generation Loans Lee Don Trump gave some good advice the other day on CNBsilenceddissenter8/15/2007
85414If he can find out who holds his mortgage, he needs to talk to them directly andGraceZ8/15/2007
85413The Fed Response washingtonpost.comLes H8/15/2007
85412yeah don't throw good money after bad is what you are saying. I agree with Lizzie Tudor8/15/2007
85411Thats nice. Thank you. :) I'll tell all my friends to do that.10K a day8/15/2007
85410I used to enjoy making bogus (electronic) deposits in my brokerage accounts and 10K a day8/15/2007
85409Trying to work anything out with the lender is futile in my opinion. It's hballsschweaty8/15/2007
85408Agree there. Have plenty. May add on spike Did add some RYL - it's green forSmiling Bob8/15/2007
85407If such a concern for jumbo loans then those expensive markets in the NE and CA John Vosilla8/15/2007
85406I still think BZH is a BKLizzie Tudor8/15/2007
85405This is how it's going to be, a steady drip, drip, drip of news about this oLes H8/15/2007
85404the finance guy we have on local TV here says that in all cases, before any lateLizzie Tudor8/15/2007
85403Thieves Clean Up By Clearing Out Appliances Theft a Persistent Problem During HoTradelite8/15/2007
85402Lee if he is now upside down a decent amount he needs to stop paying that mortgaJohn Vosilla8/15/2007
85401What? The IMH common stock? They pushed it around a little during the call but RockyBalboa8/15/2007
85400Thornburg's Fate Will Tell Us a Lot By Jim Cramer About this article: ThorJim McMannis8/15/2007
85399Are they worth buying here for the price of a call option for hedging purposes?damainman8/15/2007
85398Many Buyers Must Try, Try Again As Condominium Market Shrinks By Nancy Trejos WTradelite8/15/2007
85397lee, I'm sorry to hear about your stepfather. I think he should rent it outballsschweaty8/15/2007
85396Impac call just happening: biz.yahoo.com they also receive margin calls and doRockyBalboa8/15/2007
85395More Trouble For Funds That Start With "High" Another day, another slTravis_Bickle8/15/2007
85394lulu, dks, fastballsschweaty8/15/2007
85393Any really good short ideas?Smiling Bob8/15/2007
85392Too funny, "Countrywide owned properties" They have quite some stuffRockyBalboa8/15/2007
85391Question to the thread. (Please hold critical comments to yourself.) My stepfaLee8/15/2007
85390>>>If 97% is correct, then LS will probably file for BK for paying $15 ChanceIs8/15/2007
85389click on CA as well.... amazing the numbers of $500k and over are listedMulhollandDrive8/15/2007
85388TMA was good for a buck and a quarter or so.Travis_Bickle8/15/2007
85387Let's see when Countrywide starts getting serious about moving product in ouJohn Vosilla8/15/2007
85386Merrill Lynch downgraded Countrywide Financial Corp. (CFC:Countrywide Financial Jim McMannis8/15/2007
85385"Should a liquidity event occur, for which the likelihood is increasing, CoPerspective8/15/2007
85384Benchmark subprime index falls to record low Reuters - August 15, 2007 10:37 AM Broken_Clock8/15/2007
85383"Recent mortgage disruptions will hold back sales temporarily, but the fundJohn Vosilla8/15/2007
85382Same here. I read that sentence and thought "This guy is an even bigger loThink4Yourself8/15/2007
85381news.yahoo.com Mortgage Broker poster child.Jim McMannis8/15/2007
85380"Although home prices are relatively flat, more metro areas are showing pribkcraun8/15/2007
85379Lampert hedge fund up against poor market In 19 years, Lampert has treated his Les H8/15/2007
85378AP Home Sales Fall Nearly 11 Percent in 2Q Wednesday August 15, 10:18 am ET ExisBroken_Clock8/15/2007
85377AP News Alert Aug 15 10:00 AM US/Eastern WASHINGTON (AP) - A real estate traBroken_Clock8/15/2007
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