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Author Message
Topic: Harp 2
BillyBob

Replies: 15
Views: 51230

PostForum: Mortgage Lender Implode-O-Meter   Posted: Thu May 31, 2012 10:55 am   Subject: Harp 2
The intermediary pays a service release premium. Agencies do not.
Topic: Tax rule changes for rental property owners
BillyBob

Replies: 1
Views: 22187

PostForum: Mortgage Lender Implode-O-Meter   Posted: Sat Mar 10, 2012 1:54 pm   Subject: Tax Rule Changes for Rental Property Owners
Oh the complexities of our tax code. Let's just toss the thousand+ pages of codified text and start over with something akin to an easy read "cookbook" for patriots. For once I might be ab ...
Topic: What is Subprime Lending?
BillyBob

Replies: 3
Views: 9943

PostForum: Mortgage Lender Implode-O-Meter   Posted: Fri Jan 27, 2012 12:27 pm   Subject: What is Subprime Lending
Unfortunately, activity-breeds-value and without undeserving (Bad) borrowers --- how will I ever get my lost equity back? There was a digital sign, next to the interstate, giving the number of open l ...
Topic: What is Subprime Lending?
BillyBob

Replies: 3
Views: 9943

PostForum: Mortgage Lender Implode-O-Meter   Posted: Sun Dec 18, 2011 2:08 pm   Subject: What is Subprime Lending?
I once thought I knew what it was; but, now I am not sure. Whatever it is you don’t want to be caught with it lying (no pun intended) around your office.

FNMA and FHLMC were the gold standard an ...
Topic: Does MERS take itself seriously?
BillyBob

Replies: 0
Views: 3782

PostForum: Mortgage Lender Implode-O-Meter   Posted: Fri Nov 04, 2011 1:04 pm   Subject: Does MERS take itself seriously?
I’ve read as much as I can find about MERS and keep coming back to same question: Do they pass the test of “Clean Hands”. They were formed to facilitate securitizations with a national footpri ...
Topic: Throwing out the baby with the bathwater
BillyBob

Replies: 28
Views: 58431

PostForum: Mortgage Lender Implode-O-Meter   Posted: Tue Sep 06, 2011 2:05 pm   Subject: Throwing out the Baby with the Bathwater
Your conclusion is on-the-spot. It didn’t take an act of Congress to get into this mess; but, it may take one to get out.

There is an imbalance in the number of people who can influence our bill ...
Topic: Throwing out the baby with the bathwater
BillyBob

Replies: 28
Views: 58431

PostForum: Mortgage Lender Implode-O-Meter   Posted: Mon Sep 05, 2011 12:29 pm   Subject: Throwing out the Baby with the Bathwater
Now we are getting closer: Putting people in homes was on a political agenda. Sure Wall Street, Realtors, Bankers, and Consumer Groups were a strong lobby; but, it was the back office massaging of r ...
Topic: Throwing out the baby with the bathwater
BillyBob

Replies: 28
Views: 58431

PostForum: Mortgage Lender Implode-O-Meter   Posted: Sun Sep 04, 2011 2:47 pm   Subject: Throwing out the Baby with the Bathwater
THE BORROWER DID IT. An owned home for every family is a noble thought; but it is unrealistic. That light got brighter, however, with each GSE tweak of the guidelines --- the political mandate soon ...
Topic: Freddie Mac complicit in Lee Farkas fraud
BillyBob

Replies: 17
Views: 21171

PostForum: Mortgage Lender Implode-O-Meter   Posted: Mon Aug 22, 2011 3:14 pm   Subject: FHLMC Complicit in Lee Farkas Fraud
Bare with me on the initial rant - there is a point to this frustration.
I think we are getting closer to identifying what happened to our industry as we move up the food chain. Some LO’s and UW ...
 

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