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April 23, 2008

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"Highly Ridiculed"?!! By WHO?-The NAR? BofA?? So is Peter Schiff and Robert Schiller, and they have proven to be almost conservative in their predicitions!!

LOL-- Just have to say how much we are enjoying your posts, Mr. Mortgage--The REIC must HATE YOU, but please keep fighting the good fight and exposing the utter garbage these banks and lenders have flooded the market with.

The average JSP has Nooooo idea what is really happening-- and the information you put out is a tremendous start in educating the masses--God knows we aren't going to get the TRUTH from the mainstream media.

THANKS AGAIN--and have a GREAT DAY!!

XOXOX,
Eve

Hey- Mr M!!

I would love to know more about the disaster that is the Monolines, (Ambac, MBIA)etc. Would love to see you do a piece to educate people on their scandals. Just an idea!

what question about ABK - how in the hell do youlose more than your stock price in a single quarter. BWAHAHAHAHA. I have some good stuff on the monolines. Actually check out AGO - for the record I am short. Look for Reggie Middleton's blog on Assurred Guaranty in Yahoo in Blogs. It is good.

http://www.optionsforemployees.com/articles/idx/0/130/article/Bear_Stearns_BuyOut_100_Fraud.html

Interesting article on Bears bailout, someone knew something prior to that week. Was JPM going short on BS?

http://mtgspy.blogspot.com/2008/04/free-tour-inside-ambac-and-mbia.html

Amen brother spread the word.

Can these numbers actually be worse than reported considering individual borrowers are filing multiple applications for loan approval?

oh yea, only about 30-40% of all 'applications' actually fund. It used to be 70% for most of the mortgage industry's history. That of course, just makes the lender less profitable because the staff does work on loans that do not close, thus higher rates. Everything results in higher rates.

mortgage applications in th UK down 46% yoy to Mar 08.Everything you're talking about is coming our way too.Even worse possibly as I think we reached av hom to ave salary of 8 times

Mr. Mtg,

You are dead on. You are obviously on the street. These higher FNMA/FHHLC loan limits do nothing for those in greatest need. Absolutley nothing. Total and absolute JOKE. I'm in the Socal market where it's needed. I write loans, and I have 12 applications in process, 10 of them FHA. 8 of them purchase. This is the only saving grace but i anticipate only 75% closing due to stingent property requirements and appraisals being ripped to shreds. Keep up the "truth" and "knowledge." Your blogs, videos, and site is refreshing...Thanks

thanks Charger - not out there anymore but still on the fringe. Family and friends still in. Good luck to you...sounds like you are doing fine.

yikes their goes buiness


denver Home Mortgage
Colorado Mortgage

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