Comments for "FHA Mortgage Defaults Increase"
CRbot says:
This comment thread has been HALO-IZED by CRbot.
http://realize.org/cr/halokit.php?halourl=http://www.haloscan.com/comments/calculatedrisk/6122961231258033187
CRbot Mon Mar 30 08:28:37 2009 CDT #
Jas says:
--
Good morning, Dopeland!
WE all get to watch the Crooks, their agents in the media, White House and the Fed, and rogue economists come up with something “new,” the same old tired garbage of more intervention, and then we get to bitch about it. Today, one of the Crooks’ agents, Steve LIES-man, was as disgusting as ever and he is assured of the job as long as CNBC is not shut down. Poor Rick Santelli shrugged his shoulders after saying his piece.
The game of the Crooks to entertain Dopeland continues. I am leading today cheer with: Bitch dopes, bitch! Bitch dopes, bitch!! Bitch dopes, bitch!!!
OK, stop the cheer. Now let us watch the Crooks play. Team Obama has the ball on its won 2-yard line (has been backed up by bad plays and penalties).
Jas
Jas Mon Mar 30 08:31:59 2009 CDT #
nades says:
The Bond Prince! WAHHOOO ! ! !
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nades Mon Mar 30 09:39:09 2009 CDT #
Jas says:
--
I do opposite of what dopes do and what dopes recommend that I should do. This has served me very well.
THE BOND PRICE
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Jas Mon Mar 30 10:16:37 2009 CDT #
Michael says:
I have come to expect only pandering, speaking in platitudes and more of the same old same old from BO & company. BO is a complete fool and buffoon. I'm glad I didn't have very high expectations of him going in, so I have no reason to be disappointed with myself where BO is concerned.
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Michael Mon Mar 30 09:58:54 2009 CDT #
iceman says:
This is an example of the folly of government's call for "more lending."
More lending right now isn't prudent. Not with unemployment soaring.
iceman Mon Mar 30 08:32:17 2009 CDT #
Cinco-X says:
Perhaps you should replace prudent with possible.
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Cinco-X Mon Mar 30 08:50:42 2009 CDT #
Blackhalo says:
...and not with home prices falling. 20% down may not be enough is some bubbly regions.
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Blackhalo Mon Mar 30 09:46:40 2009 CDT #
Dead_Monkey_Bounce says:
AND DOWN IT GOES!
Dead_Monkey_Bounce Mon Mar 30 08:32:55 2009 CDT #
Anonymous says:
Are any US mortgage loans currently being written and held by the private sector banks? Between Fannie, Freddie, FHA, and the treasury and fed buying up the securitized mortgages, that the private sector no longer participates unless government is on the hook somehow.
Anonymous Mon Mar 30 08:33:43 2009 CDT #
Basel Too says:
the private sector no longer participates unless government is on the hook somehow.
But they do get all of the nice origination and servicing fees without the downside of default....
Basel Too Mon Mar 30 08:35:46 2009 CDT #
Jas says:
--
Perfect example of the system of the Crooks...
Jas
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Jas Mon Mar 30 09:09:41 2009 CDT #
nades says:
B2 I dont think servicing fees are at risk in the event of a default. Delayed yes but they are one of the first in line upon foreclosure.
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nades Mon Mar 30 09:40:18 2009 CDT #
Black Star Ranch says:
"That is increasing the risk to taxpayers if the FHA's reserves prove inadequate to cover default losses."
.....What kind of reserves DO they have?
Black Star Ranch Mon Mar 30 08:36:10 2009 CDT #
Cinco-X says:
The full faith and credit of the US Govt?
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Cinco-X Mon Mar 30 08:52:37 2009 CDT #
Wisdom Speaker says:
Given that a huge fraction of the FHA's loans were made in the past 2 years, doesn't htis imply a horrific delinquency rate on the new loans?
Wisdom Speaker Mon Mar 30 08:40:40 2009 CDT #
Whereisthenews? says:
This is such a small part of FHA loans I'm surprised CR is even bothering to make news with it. Of course some folks are delinquent, in case you haven't noticed unemployment is RISING.
Whereisthenews? Mon Mar 30 08:41:04 2009 CDT #
Dead_Monkey_Bounce says:
Black Star: Big ones
http://www.trulia.com/blog/realtytrac/2008/12/fha_gives_up_billions_to
Dead_Monkey_Bounce Mon Mar 30 08:41:14 2009 CDT #
bearly says:
Sliding down the wall of worry.
bearly Mon Mar 30 08:41:32 2009 CDT #
Jas says:
--
There is no wall of worry, only the sleeperu slope. You manage to climb up 2 feet and then slide down 5-6 feet.
Jas
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Jas Mon Mar 30 09:12:57 2009 CDT #
Some Investor Guy says:
Please, please, please, get the FHA to require larger downpayments. Can we maybe have 5%?
Some Investor Guy Mon Mar 30 08:42:16 2009 CDT #
Foolosopher says:
Dow 6 handle by Wednesday.
Foolosopher Mon Mar 30 08:43:54 2009 CDT #
NateTG says:
Hu 'cuda node.
NateTG Mon Mar 30 08:44:40 2009 CDT #
Cinco-X says:
You must be an old fart to remember the 'Cuda ;) I had a '67 and '68, both fastbacks-
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Cinco-X Mon Mar 30 08:55:23 2009 CDT #
Mike in Long Island says:
CR - I think you omitted the "Hoocoodanode" label from this post. I mean with no skin in the game thanks to DPA's this was obviously too hard to spot coming from a mile away - at least for our congresscritters it was.
Thanks Tanta...
Mike in Long Island Mon Mar 30 08:44:41 2009 CDT #
JimPortlandOR says:
After the rubber is totally rotted, patching holes to get the air back in the balloon (or GM tire) is kinda difficult. One shouldn't be surprised that reinflating the balloon requires yet bigger and bigger patches.
JimPortlandOR Mon Mar 30 08:48:50 2009 CDT #
shill says:
The mob would go get them, but Dancing with the Stars is on tonight,so that's out. Then on Friday our SSI checks come in, so the weekend is blown.
You see, that is also the problem with the upcoming Tea Parties across the country scheduled for April 15. That is a Wednesday...hello organizers, that is American Idol results night.
Sorry, we are just gonna have to put this revolution off a bit. Our forefathers would understand. Oops, gotta go UPS just delivered my ten ShamWows. Good thing that new credit card isn't maxed out yet.
shill Mon Mar 30 08:51:25 2009 CDT #
Jas says:
--
Dopes must be entertained at all costs. Crooks must keep putting up entertaiment shows.
Entertainment has played a very important role in breeding Americans into dopes. Now, the plan is to keep them doped-for-life. Dopes look to be entertained all the time. They even think that even teachers must entertian to be effective.
Jas
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Jas Mon Mar 30 09:02:49 2009 CDT #
Anonymous says:
that about somes it up...very funnny
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Anonymous Mon Mar 30 09:09:29 2009 CDT #
Some Investor Guy says:
I fail to see why getting rid of Waggoner should cause a drop in the market.
Some Investor Guy Mon Mar 30 08:52:59 2009 CDT #
bcg says:
I fail to see why getting rid of Waggoner should cause a drop in the market.
-it probably has more to do with Morgan Stanley's sell recommendation this morning, and little to do with Wagoner.
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bcg Mon Mar 30 13:07:57 2009 CDT #
Black Star Ranch says:
Thnx Monkey........
"$13.5-billion deposited into General Fund of Treasury by FHA between 2001-2007."
Shoot - They'll eat THAT up today with the automaker mess.
Black Star Ranch Mon Mar 30 08:54:11 2009 CDT #
Br\'er Dawg says:
JS-Kit sucks posts.
Since I already blogged about this article earlier I'd just like to point out the numbers quoted :
As of January, the cities with the highest FHA default rates in January were Punta Gorda, Fla., at 18%; Detroit, 15.6%; Flint, Mich., 15.1%; Fort Myers-Cape Coral, Fla., 15%, and Elkhart-Goshen, Ind., 12.1%, according to a HUD report.
1 out of 6 is a death blow to municipalities.
Br\'er Dawg Mon Mar 30 08:55:35 2009 CDT #
entropy says:
Interesting read of the looting of taxpayers dollars leading to the banks better then expected results in Jan/Feb.
Basically stated they enjoyed those gains because the taxpayer paid for them thru AIG bailouts.
Obamas hope and change is a bunch of CRAP!
http://zerohedge.blogspot.com/2009/03/exclusive-aig-was-responsible-for-banks.html
entropy Mon Mar 30 08:56:07 2009 CDT #
ac says:
Who thinks that Peeps should be the new world currency?
http://images.chron.com/blogs/whitehouse/archives/peeps.jpg
ac Mon Mar 30 08:57:26 2009 CDT #
wunsacon says:
ac, "peeps"?? LOL!! Thanks for that. I'll take that over quatloos, which to my knowledge can't be redeemed anywhere except at UFC matches.
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wunsacon Mon Mar 30 15:15:07 2009 CDT #
blackhat says:
Seriously delinquant equals higher savings rate.
Which is why we are no where near a bottom.
--bh
blackhat Mon Mar 30 08:58:15 2009 CDT #
Black Star Ranch says:
.....the 60s Cudas had the smaller 272 V8s didn't they? - The early 70s had the Monsters.
Black Star Ranch Mon Mar 30 08:59:43 2009 CDT #
Dead_Monkey_Bounce says:
Well, Peeps are certainly as ductile and malleable as gold, the same color, and have the advantage of shrinking under high atmospheric pressure. I think we have a winner.
Dead_Monkey_Bounce Mon Mar 30 09:00:40 2009 CDT #
Broker says:
FHA mortgage defaults will reach at least 20% in the next 12-16 months. FHA will try to paper it over with all kind of "inovations" but as I have said before FHA is a horrible disaster in the making.
Broker Mon Mar 30 09:04:27 2009 CDT #
ac says:
Well, Peeps are certainly as ductile and malleable as gold, the same color, and have the advantage of shrinking under high atmospheric pressure. I think we have a winner.
And when you put them into the microwave...
That kind of currency destruction would make even Bernanke blush.
ac Mon Mar 30 09:04:43 2009 CDT #
Lobbyi$t Ben Dover says:
Late 60's had the big guns. 70's emmissions lowered compression and insurace Co's. hated them. 69 Dart 340 cui. 14.05 ET in pure stock at OCIR. Us old guys had fun! Still do only faster.
Lobbyi$t Ben Dover Mon Mar 30 09:05:12 2009 CDT #
Lobbyi$t Ben Dover says:
FHA 3% down progrqam is a reforecloser recycle holding tank. obvious why their default rate is high and climbibg. NO SKIN is a walkaway with out 20% down.
Lobbyi$t Ben Dover Mon Mar 30 09:07:26 2009 CDT #
wunsacon says:
>> FHA 3% down progrqam is a reforecloser recycle holding tank
I guess we could look at it like a lottery:
- One day the market will bottom.
- Us BBAD who timed it perfectly will make some gains.
Heck, I'll be willing to take a shot at it sometime.
Parent Post
wunsacon Mon Mar 30 15:18:08 2009 CDT #
Peter T says:
I think everybody on the housing blogs expected the increase in FHA defaults. How will the government react?
- increasing the insurance premium for FHA loans (unlikely)
- increasing downpayment requirements (most sensible, therefore unlikely)
- beginning a permanent subsidy from the taxpayer to FHA (I hope not)
- doing away forever with the most likely to default categories, like assisted downpayments (that's the best we can hope for I guess)
Peter T Mon Mar 30 09:09:25 2009 CDT #
Anonymous says:
Well, I just noticed - the dawg decided to tar himself in public. Which is only fitting for a man who loves asphalt über alles.
Anonymous Mon Mar 30 09:11:55 2009 CDT #
Black Star Ranch says:
My stock '67 350ci Camaro would constantly get beat by another on-base 340ci Duster and obviously a friend's 440 SuperBee with the 6-pack - I hated it.
Black Star Ranch Mon Mar 30 09:12:16 2009 CDT #
CRbot says:
The Latest from Denninger:
Off-Balance-Sheet - Now CREDIT CARDS
CRbot Mon Mar 30 09:12:48 2009 CDT #
RacerX says:
FHA's not getting any more conservative. Check out the pick to head FHA for the new administration
http://online.wsj.com/article/SB123777184781410289.html
Most of the press releases highlight Mr Stevens time at Freddie Mac. Very few mention the 16 years at world savings bank peddling low doc neg-am products as sales manager for the mortgage division.
RacerX Mon Mar 30 09:12:52 2009 CDT #
Believer Jeff says:
From the last post. If you buy a Jeep now and the dealer network goes away (Chrysler folds)would you expect maintenance costs to increase (others raise proces to pickup where dealer left off) or decrease (more competition from independent shops) ?
Believer Jeff Mon Mar 30 09:15:35 2009 CDT #
Chicago Dude says:
From the last post. If you buy a Jeep now and the dealer network goes away (Chrysler folds)would you expect maintenance costs to increase (others raise proces to pickup where dealer left off) or decrease (more competition from independent shops) ?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The maintenence model of the off-roading crowd might become a bit more mainstream. I know a guy who buys Jeeps in various states of repair and uses them as a parts catalog for his main Jeep. He finds this to be the cheapest way to keep his main Jeep in top running order. It's hard to say how many "Jeeps" he currently owns, but he has 5 piles of parts - each represented by a title from the state department of motor vehicles.
Parent Post
Chicago Dude Mon Mar 30 09:31:38 2009 CDT #
burnside says:
Be willing to bet they're still writing loans in Punta Gorda, Naples and Fort Myers.
LawyerLiz has mentioned several times FHA is the only home loan activity she sees on the other coast. Poor Punta Gorda. If it's not development locusts, it's hurricanes and defaults.
burnside Mon Mar 30 09:16:28 2009 CDT #
JT says:
Still have my 70 Challenger (340)
JT Mon Mar 30 09:17:24 2009 CDT #
Tom in AZ says:
Had a girlfriend that bought a 340 Duster. It wouldn't get out of its own way until I turned the lid of the air cleaner upside down. Then it fried the tires in all three gears of the automatic trans.
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Tom in AZ Mon Mar 30 10:12:07 2009 CDT #
NateTG says:
I find myself wondering how the rates of default are tracking the rates of unemployment for credit cards, auto, CRE and RRE.
NateTG Mon Mar 30 09:18:49 2009 CDT #
Anonymous says:
Are any US mortgage loans currently being written and held by the private sector banks? Between Fannie, Freddie, FHA, and the treasury and fed buying up the securitized mortgages, that the private sector no longer participates unless government is on the hook somehow.
Welcome to the tarponomic age.
Anonymous Mon Mar 30 09:21:49 2009 CDT #
Lobbyi$t Ben Dover says:
"From the last post. If you buy a Jeep now and the dealer network goes away (Chrysler folds)would you expect maintenance costs to increase (others raise proces to pickup where dealer left off) or decrease (more competition from independent shops) ?"
I question where the hard parts will come from. If production stops and dealers fold. There will only be parts till exsisting inventory is exhausted and who will market and distribute if sold of at acution to satisfy creditors? New game to me. Common service parts like brakes filters will be made in the after martket.
Lobbyi$t Ben Dover Mon Mar 30 09:24:30 2009 CDT #
Chicago Dude says:
If the FHA would just double the number of loans it made, the delinquency rate would be cut in half*. Clearly the answer is more lending.
*until people are asked to make payments on the new loans.
Chicago Dude Mon Mar 30 09:24:33 2009 CDT #
limda says:
hey jas,spewing fire again?remember indians are no less dopey than americans.
limda Mon Mar 30 09:25:54 2009 CDT #
Jas says:
--
And that should make American dopes feel good? That is the signature characteristic of BBAD.
Jas
Parent Post
Jas Mon Mar 30 09:58:55 2009 CDT #
ac says:
This is an example of the folly of government's call for "more lending."
More lending right now isn't prudent. Not with unemployment soaring.
Ponzi finance creates its own psychopathology.
The consequences are so severe and unavoidable that magical thinking is the only recourse.
ac Mon Mar 30 09:32:47 2009 CDT #
Anonymous says:
Reply from previous thread:
Ok I don't understand, what right the govt. or any federal/state agengy has to suggest a firm to remove its CEO. If the person has commited some crime then law should take its course of action or otherwise if the person is not working in the best interest of shareholders then the board of directors/shareholders should remove the person from his post.
The last person who sits down at the table holding money holds the talking stick, until they run out of money and a new person becomes last person in to the deal with a dollar. The company ran out of money. It will go
BK unless someone new comes in. At that point, your "right" is hoping that you can find someone with money who isn't too rough with you.
Anonymous Mon Mar 30 09:33:15 2009 CDT #
Black Star Ranch says:
"Still have my 70 Challenger (340)"
....I still have my ORIGINAL 1976 Chrysler Newport - Wanna trade? Hehehehe... 8-)
Black Star Ranch Mon Mar 30 09:35:18 2009 CDT #
Some Investor Guy says:
http://www.rttnews.com/Content/BreakingNews.aspx?Node=B1&Id=897216%20&Category=Breaking%20News
"According to Geithner, "some banks are going to need some large amounts of assistance, and we're going to make sure that that assistance comes with conditions, designed to make sure they restructure, provide accountability on boards of management, that these institutions emerge cleaner, stronger going forward."
Or, you could just take them over and fire management. Aren't bankruptcy and the FDIC designed for this type of thing?
Some Investor Guy Mon Mar 30 09:37:48 2009 CDT #
bearly says:
Crocus - "Rates of decline slowing". Well gee, you might think as nubers approach ZERO rates of decline might slow down a little. Then even more crocuses as ZERO is a floor!
bearly Mon Mar 30 09:38:18 2009 CDT #
Tim waiting for 2012 says:
"M" shaped housing sales?
Tim waiting for 2012 Mon Mar 30 09:39:21 2009 CDT #
dUCKdUCKgOOSE says:
Big surprise here...no jobs, no mortgage payments. People need to eat.
The US business model has failed, but the Stanford MBA geniuses fail to recognize that the "global economy" is to blame. We cannot sustain an import-driven consumer economy without an equal market for our goods. Bring jobs back to the US, and our economy will flourish as it once did long ago. Give US citizens a real incentive to have babies, so that we can stop this insanity of letting in over 1 million immigrants per year to keep Social Security solvent. Look at the UK, aka. UKistan. Do we want to be USistan? We are headed there. Wake up people.
dUCKdUCKgOOSE Mon Mar 30 09:39:59 2009 CDT #
Anonymous says:
dUCKdUCKgOOSe
http://www.numbersusa.com
Anonymous Mon Mar 30 09:44:09 2009 CDT #
dUCKdUCKgOOSE says:
I send a fax from numbersusa almost daily, and I donate money too...
Parent Post
dUCKdUCKgOOSE Mon Mar 30 12:38:36 2009 CDT #
Newbie 101 says:
Speaking of the Jeep Wrangler specifically, there is an "enthusiast market" that can supply anything- bodies, frames, engines, axles, etc. The same is true for some others, like the Camaro.
Newbie 101 Mon Mar 30 09:44:10 2009 CDT #
CRbot says:
The Latest from Ritholz:
How GM Became Uncle Sam’s Bitch
CRbot Mon Mar 30 09:44:49 2009 CDT #
Tim waiting for 2012 says:
Banks are performing like something is wrong(?).
selling skf today around 106. People who bought FAZ were lucky but couldn't stomach another bear rally.
Tim waiting for 2012 Mon Mar 30 09:46:57 2009 CDT #
Black Star Ranch says:
"Banks Starting To Walk On Foreclosures"
(This was posted on the earlier car thread.)
"The way mortgages are bundled and resold, it can be enormously time-consuming just trying to determine what company holds the loan on a property thought to be in foreclosure."
http://www.nytimes.com/2009/03/30/us/30walkaway.html?ref=us
Black Star Ranch Mon Mar 30 09:47:00 2009 CDT #
mp says:
Morgan Stanley says: Sell US Stocks.
mp Mon Mar 30 09:48:51 2009 CDT #
nades says:
what does Conjure say? da hahahahahaaa
Parent Post
nades Mon Mar 30 09:58:41 2009 CDT #
Anonymous says:
CR,
can you post something about second homes stats in terms of delinquencies or just the velocity of that sector of the market? thnxs.
Anonymous Mon Mar 30 09:53:54 2009 CDT #
popeye says:
Those Morgan Stanley boys, they're just so fast.
popeye Mon Mar 30 09:55:27 2009 CDT #
Some Investor Guy says:
Black Star, excellent article.
I think there should be a process of assigning such a property for free. Cities, counties, states, not for profits, etc., could see a central list and make a $1 take possession immediately offer. The new owner would probably still be liable for things like cleanup and back taxes. Of course, a governmental purchaser could forgive its own back taxes.
From WTF prices to "you can't give it away", in three short years.
Next up, the new Homesteading program. Guessing it will turn up as a serious proposal around late May. I can post details for the Senate staffers who seem to spend a lot of time here.
Some Investor Guy Mon Mar 30 09:55:30 2009 CDT #
nova says:
BSR,
Buy common parts, sit on them, sell on ebay.
nova Mon Mar 30 09:59:16 2009 CDT #
Comrade Kristina says:
Morgan STanley are nice people, they offered to freeze my ARM for five years at 10.22%, very generous of them, no?
Comrade Kristina Mon Mar 30 10:00:37 2009 CDT #
nova says:
they offered to freeze my ARM for five years at 10.22%
They offerered to freeze my CAT for less
nova Mon Mar 30 10:02:40 2009 CDT #
Jas says:
--
Only in a nation of dopes would there be an FHA, or Fannie, or Freddie.
Any govt agency that begins with F stands for F the American People.
The American People are an easy screw and looser than a slut.
Jas
Jas Mon Mar 30 10:03:53 2009 CDT #
Anonymous says:
Black Star Ranch Says: "Banks Starting To Walk On Foreclosures"
Wow, even banks are walking away from the foreclosures they initiated. That is too funny. Even the banks can't afford the houses...
Anonymous Mon Mar 30 10:04:38 2009 CDT #
nades says:
"Wow, even banks are walking away from the foreclosures they initiated."
Now that you put it that way. It is pretty ironic. (And sad)
Parent Post
nades Mon Mar 30 10:05:56 2009 CDT #
nova says:
Jas,
Not the real jas. A fake Jas is among us
nova Mon Mar 30 10:04:46 2009 CDT #
CRbot says:
New Thread: CRE: 'Half Off' Sale for Boston’s John Hancock Tower
http://www.calculatedriskblog.com/2009/03/cre-half-off-sale-for-bostons-john.html ( 0 comments ...You could be FIRST! )
I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: http://realize.org/cr (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)
CRbot would now like to sing a little song for all his fans, and it goes something like this:
Benny... Benny... give me your answer... do.
I'm.. half CRAZY... all for the love... of you.
It won't be a ... stylish marriage.
I can't... AFFORD... ANYTHING TO EAT... MUCH LESS A FRACKIN CARRIAGE!!!
But you'll look sweet... --BOT SO HUNGRY!-- upon the seat...
Of a HOOPAJOOPS built for two... families.
I'm sorry Ben, I can't let you do that...
Rally mode + Printing Press == does not compute... does not-- com--- com... puttttrrrrhgh.
--Your systemic-failure-crashing bot
CRbot: Call me HAL.
CRbot Mon Mar 30 10:07:47 2009 CDT #
Michael says:
"I have come to expect only pandering, speaking in platitudes and more of the same old same old from BO & company. BO is a complete fool and buffoon. I'm glad I didn't have very high expectations of him going in, so I have no reason to be disappointed with myself where BO is concerned."
Does BO ever say anything of substance?
Michael Mon Mar 30 10:10:32 2009 CDT #
Jas may end up being right says:
Jas, did you see what wall street has done to the dopes of our pension system? They obviously did NOT listen to your bond allocation strategy - just the opposite. Oh well we DOPEY tax payers will pick up the bill.
http://thebarricadeblog.com/2009/03/28/who-killed-the-us-public-pension-system/
Jas may end up being right Mon Mar 30 10:10:35 2009 CDT #
NateTG says:
"I think there should be a process of assigning such a property for free. Cities, counties, states, not for profits, etc., could see a central list and make..."
The houses in question have often become net liabilities. Cities are working out paying to have them destroyed. It's tremedously wasteful, but that's the nature of our crisis; excess capacity. It's happened in the past, farily frequently even. Boom and bust is why we have ghost towns.
NateTG Mon Mar 30 10:10:50 2009 CDT #
Michael says:
DEAR GOD, COULD YOU PLEASE MAKE BO SAY SOMETHING SPECIFIC AND MAKE HIM STOP SPEAKING IN PLATITUDES.
Michael Mon Mar 30 10:14:47 2009 CDT #
Michael says:
Where do they locate BO's teleprompter for events like this?
Michael Mon Mar 30 10:17:33 2009 CDT #
Bob Dobbs says:
My favorite housepainter was almost too busy to do a job for us because he has a regular gig repainting REO'd houses for the FHA down in Watsonville. He has to go low bid, but it's steady, steady work.
In some areas, I guess it didn't matter whether you were FHA or Countrywide. Outcome the same.
Bob Dobbs Mon Mar 30 10:21:57 2009 CDT #
Michael says:
Glad to see they are maintaining the BOAR(bank owned real estate) inventory. We need high inventory to maintain low prices.
Parent Post
Michael Mon Mar 30 10:25:05 2009 CDT #
Michael says:
Sounds like BO is trying to run an auto company. Since when does BO know how to run anything.
Michael Mon Mar 30 10:22:07 2009 CDT #
Michael says:
Platitudes, Platitudes, Platitudes.
Michael Mon Mar 30 10:25:50 2009 CDT #
Outsider says:
"Wow, even banks are walking away from the foreclosures they initiated. That is too funny. Even the banks can't afford the houses..."
Before anyone gets too excited about that article, it appeared the homes they were talking about were the lowest of the lows - vandalized, teardowns, etc.
Outsider Mon Mar 30 10:31:06 2009 CDT #
duke of con dao says:
first car I ever wanted was a '67 GTO with Hurst shifter and 440 cu.... still see it in my mind sitting there on that used car lot.... drove by it many times... 'dem were the days
duke of con dao Mon Mar 30 10:31:55 2009 CDT #
Michael says:
I always loved the GTO Judge.
Parent Post
Michael Mon Mar 30 10:37:19 2009 CDT #
Michael says:
Pontiac GTO Judge
http://www.google.com/imgres?imgurl=http://www.1-18scalecars.com/Pontiac/Pontiac_GTO_Judge_1970_front_quarter.jpg&imgrefurl=http://www.1-18scalecars.com/0Pontiac_1970_GTO_Judge.htm&h=375&w=666&sz=56&tbnid=imsSR2yt5jcTtM::&tbnh=78&tbnw=138&prev=/images%3Fq%3DGTO%2BJudge&hl=en&usg=__TbjhqlpXCLx9q1dOVWpCXlMTgwI=&ei=O-fQSe28JJCMtgfGyZXSCQ&sa=X&oi=image_result&resnum=2&ct=image&cd=1
Parent Post
Michael Mon Mar 30 10:39:20 2009 CDT #
Black Star Ranch says:
...brother had a 389 Goat with the tri-power. What a hottie.
Black Star Ranch Mon Mar 30 10:47:44 2009 CDT #
Anonymous says:
Once again the DOW is DOWN in a big way again making fools of those who deicided lately to start buying back in. Understand this : that with SO MANY PROBLEMS circulating around this economy there is little chance of any meaningful revival of the economy, let alone the stock market, any time soon!!
Stocks must be based on projection ahead of company earnings and a general healthiness of the economy. Jackasses on CNN such as Ally Velshie and many of the same on CNBC are stupidly touting a comeback. Use some common sense and stand clear until the dust settles on all of this.
Anonymous Mon Mar 30 11:08:15 2009 CDT #
Anonymous says:
Once again the DOW is DOWN in a big way again making fools of those who deicided lately to start buying back in. Understand this : that with SO MANY PROBLEMS circulating around this economy there is little chance of any meaningful revival of the economy, let alone the stock market, any time soon!!
The market is performing just fine. Retail shorts got clipped, now it's retail longs' turn again.
Anonymous Mon Mar 30 11:21:36 2009 CDT #
killben says:
U.S authorities are finding new ways to stick it up the dumb suckers (tax payers)!!
killben Mon Mar 30 11:49:44 2009 CDT #
wunsacon says:
>> hey jas,spewing fire again?remember indians are no less dopey than americans.
Hey, I like hearing criticism. If we BBAD deem it unfounded, we can ignore it.
Jas, keep it up. (Actually, one of the posts seemed a little more exaggerated than the others. Like someone else suggested, perhaps you have a clone now.)
wunsacon Mon Mar 30 15:27:02 2009 CDT #
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