Mr Mortgage - Home Equity Delinquencies Surge

[777Thinking]

Dude,

I do not mean to offend you or cause you to be on-defense, but you are STELLAR HANDSOME AND GORGEOUS!!! Your eyes and teeth are rad. No hard feeling if you cannot accept a neutral compliment from Gaymanity, just say "thanks". man, you are IT!!!!!

[username62408]

thanks to economic growth of the past, present cost of life makes having a job a pointless futility! yall deserve to go down with your beloved economy and taste your own fuckin medecine bunch of bloody misery inflicting

evil doers

[username62408]

Mortgages Delinquencie Rise

gee wait, heres a trick

LOWER FUCKING HOME PRICES 50gs and give poeple the freedom to own tax free land you fucking dirt bags. Just maybe if it dident take a fuckin lifetime to pay at a 1000$ a month and people could actually own their land like natives do you'd have less delinquencies! Assrags.

[markmti]

Hi Jim - leverage means many things to the banks as you have learned but primarily the amount of debt used to try and achieve returns.

[jim9847]

Mr. Mortgage,

Can you give me a definition of leverage? What is it? How is it used/created? What are the dangers and why would someone desire it?

[rcmtgs]

FYI, I heard Fremont went to 4% on nego, my Mom heard on news Wells went to 4% on nego, but heard today someone got their 7.75 went to 7%, going to suggest he nego better. I don't think it's fair if your scores have always been low to go to 4% but hey if you can get it go for it! My Mom who has perfect credit & 5.75 from Nov '07 refi wants 4% now too. lol

[jim9847]

How long can these banks keep this bad paper before they are forced by necessity to finally openly declare their losses?

[r0h1tp]

Appreciate your sharing this info and exposing the hype.

[7bb7b]

You look like Elvis!!!

I wondered all these times who you look like!!! do you sing?

Youre Elvis Presley of the Mortgage industry!!

LOL

[markmti]

hopefully hot elvis and not 1977 elvis.

[idahotandj]

I found the answer to my question on your blog, at the very end of the article titled " Mar existing home sale" ( The only way out of all of this remains a national recuction of mortgage balances for everyone).

I am all over that!

[idahotandj]

If people start seeing banks selling the debt back for cents on the dollar to some,would that not cause more people to default on purpose.

Where does it end man where does it end?

[ioniancat]

Thank you for the truth, it's refreshing to hear......

[pejvan]

seems like everybody is kind of aware of the critical situation in the US. The Dow being pegged to 12,500 makes me feel like we are going to have on top of this crisis a financial krach.. it is going to become messy... and I don't think Helicopter Ben is seeing the problem...

[sharkee69]

Great info. Many people are upside down and don't realize it or are in denial. Who can actually qualify for a home loan now with no more Stated Income, sub-prime, HELOCs, or 100% financing loans? The foreclosures are definitely going to reach epidemic proportions in the near future.

Regards,

Sharkee

[visionvictory]

Great info, your doing a great job informing people. keep it up.

[mliu03]

Great stuff, deserve 5 stars!!!

[makoshark123456]

don't believe the hype.  right on! thanks for your efforts.

[youstwo]

Great Information!  Thank you.

CHL

[badonkadonk34]

Thanks Mark. Keep it up.

[THolleyH46]

Absolute Gospel Brother, keep on talking it up.

[iam420king]

Passing it around.

Well done, Sir.

[jerabekk66]

Mr. Mortgage is showing a way for the little guy not to get completely screwed.

Pass it around

[xxx12345yyy]

Poetic justice for the banks, fuck em...too bad we are printing money to bail them out. I guess gas will be $10/gal before this is over.

[MedDocOnLine]

markmti:

According to the data, when will the next big forclosure wave hit US? Is it in this summer or the end of this year when most of household need to pay higher interest rate for the mortgage? I am waiting for the time to buy a house, but I need to know when will be the safe time.

Thanks

[bdc03]

I think your solution is great. I'm not sure what kind of blowback it would have though.

[sard0n1c]

Thanks for informing people. F the MSM for not reporting this, F the wall st banks!

[tyronebiggums3]

Good stuff, Mortgage. Keep it coming!

[Workinbus]

Great info....Do you have any info on non-bubble states?..I live in Oregon & values have dropped about 8% and a realtor claims that the market has "stabilized" because subprime loans are a much smaller % here then in the bubble states..

[markmti]

yes, I have info...DONT BELIEVE REALTORS. Other than that, I don't have many specifics I can let out on OR on this forum. It is part of our paid subscription service for fundies. I will try to locate some free stuff for you. It may be a month or two delayed though. Shoot me an email to remind me. Best, mr mortgage

[ilovetosingoldsongs]

excellent info, thanks

[markmti]

me too. won't get it but shortly you maybe able to negotiate. What a great way for banks to lower leverage, raise cash, reduce loan exposure etc. - Best, mr Mortgage

[donpedrosan]

"percent?" or percentage points? I can't make oyt from the monologue. Please explain here (if you have time)

[StephJ623]

Awesome!

I want to buy my HELOC (now a 2nd) back from CFC for $0.1 - $0.3 on the dollar!!!

[glassvision]

What can I say? It's awesome info,as always.