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mtg1
Dyn-o-mite!


Joined: 09 Mar 2007
Posts: 432
Location: Beautiful Southern California

new sub prime player - just in time
PostPosted: Tue Mar 13, 2007 6:42 pm Reply with quoteBack to top

Please start sending all loans to the newest player in the market:

INSANE LENDING COMPANY, aka I.L.C. (I Like Cash)

I.L.C. specializes in the following areas to help make home lending easier:

1. 125% LTV / CLTV SISA with FICO'S as low as 450! That's right, at funding you will have enough money to make at least 6 months worth of payments!

2. True No doc loans ? really, you don't have to document ANYTHING; just tell us how much to fund and the wire's on the way!

3. Appraised value got you down ? no worries. Just have the buyer & seller agree on a price ? that's good enough for us!

4. What no Credit at all. Well then you need our 'Promise Loan'. Just promise to make the payments and start packing!

5. QC? Why bother! If we don't care before we fund why care after!

6. No investor suspense's ? why should we keep you waiting ? you know it's going bad; so what if you missed disclosing a fee.

7. I/O and no pre-pays. No EPD or EPO's either! (Too much paperwork and you know you won't pay anyway)

8. Great rates and massive rebates up to 5 points.

9. ALL loans are Pay option loans, but with a twist ? the borrower has the option of making whatever payment they want!

10. Streamlined approval for originators and no background checks and no net worth requirements ? what could be easier!

More programs will be coming!

The staff of I.L.C

Insane Lending Company is licensed by the Department of Fantasy and Denial. We operate in all 50 states plus other areas too. We are a wholly owned subsidiary of STUPIDNESS & SHORTSIGHTEDNESS, INC. Our commitment to our customers is to make as much money as we can and leave a mess for someone else to clean up. We are affiliated with various Mortgage Brokers and warehouse banks that are so dumb they will believe anything. Additional services provided by lying appraisers and superstar loan originators. All of this is enhanced by willing borrowers, sellers and Realtors who are also willing to believe just about anything.
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mtgjerk
Dud?


Joined: 02 Mar 2007
Posts: 12

ILC
PostPosted: Tue Mar 13, 2007 6:53 pm Reply with quoteBack to top

classic....
Sign me up!
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: new sub prime player - just in time
PostPosted: Tue Mar 13, 2007 6:54 pm Reply with quoteBack to top

markkwhite wrote:
Insane Lending Company is licensed by the Department of Fantasy and Denial. We operate in all 50 states plus other areas too. We are a wholly owned subsidiary of STUPIDNESS & SHORTSIGHTEDNESS, INC. Our commitment to our customers is to make as much money as we can and leave a mess for someone else to clean up. We are affiliated with various Mortgage Brokers and warehouse banks that are so dumb they will believe anything. Additional services provided by lying appraisers and superstar loan originators. All of this is enhanced by willing borrowers, sellers and Realtors who are also willing to believe just about anything.


Hey ... No fair! You can't just steal New Century's disclaimer line and pass it off as your own.

I'd like $1M dollars. I'm good for it, cross my heart. Could you just send it to PO Box 666 ... I'd rather not have to actually 'sign' anything ...

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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sowak
Dud?


Joined: 09 Mar 2007
Posts: 16

.....................
PostPosted: Tue Mar 13, 2007 9:09 pm Reply with quoteBack to top

What is the phone number? I could use some cash.
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