who diez nikkah? i be searccin fo dem birds naw mean? vogels all day and den I giet thiez shiee?? i thout we wuz folk, mayne, i doezn't like thiz, *brrrr*** birdman. shave ya self mayne, get dat baby face nawmean?
ya hoe ass niggas might think this a game, prrr is how real niggas salute in 09 hoe ass niggas. ya'll be hatin on some real niggas cuz we FLY PRR! we higher then a BIRD PRRR.
AND WHO THI IE SHWATY!?!?I CAME HERE TRYNA WATCH SOME BIRDS DO THEY THANG-A-LANG NOT SEE SOME BIRD ASS NIGGA
Sorry but Spanish Speakers aren't even close to being the only ones getting Subprime loans. Of course it depends on the part of the country you live in. In Florida and Southern California that is probably true.But in the rest of the country I'm not so sure. Think it was ethnically much more mixed in other places.
This comment has received too many negative votesshow
HISPANICS were the major group to hold SUBPRIME LOANS. HISPANICS were given loans when other groups could not get them. Now they want to be bailed out of their mess!!!If they weren't so greedy they would not be in this situation. Most of them didn't even have SSN oe EINS.Now BUSH has made it possible for them to get bailouts without SSN or EINs!!! S0illegals aliens are milking the system again!!! While Americans pay the bill!!!
The investors and property developers create a vastly over inflated house price market.Then the "creative accounting" economy creates a situation where employers pay staff as little as possible for their work! Ideally they move jobs to China so they can make even more profit! Therefore you create a two tier market where good people cant afford a small home! Of course the sub prime market went up! They couldn't face the guilt and political embarrassment of telling the truth!
Now that the volumes of home sales is down around 30-40% each month from a year ago, you'd expect a good number of those agents to chuck it in.
They rely on commissions for most of their income so fewer sales means lower income. You'd have to expect a good 5000 to 6000 would leave the industry in the next couple of years.
The other angle here is that mortgage brokers will also feel the pain. Most of their business is generated by real estate deals.
Do You need it? Yes, continue to next question. No, STOP.
Can You afford it? Yes continue to next question. No, STOP.
Should you buy it at it's current price? Yes, welcome to the homeowner's club! No, it is overpriced!
Apparently, these 3 questions are too hard to figure out. No need to wonder why the US of A is such a mess; the consumers are just as stupid as the politicians and lawyers criminals.
LMAO! Now GIVE me your house! LOL! C Ya Monopoly Guy! LOL, LMAO, LOL
The subprime schister shenanigans are merely symptomatic of the real problem which is the Federal Reserve crime syndicate dictating artificially low interest rates instead of allowing the market to determine them. They sucker everyone in with low rates then they pull the rug out from under them. THEY ARE THE ONES PROFITING FROM ALL OF THIS!!!!!!
In my opnion this run up in real estate value was created, on purpose and unwittingly by the fed gov. Unwittingly when the Clinton admin made the first $500K of home profit not taxed. On purpose by Greenspan to avoid an even worse fate, a deep depression with price deflation. Monetary policy, purposely encourgaed real esate investmenting in an attempt to aviod a catastophy casued by the tech melt down of 2001/2002. It worked for 5 years. This is all related to globalization and corp greed.
The very financing vehicles described are what drove housing prices up to begin with. Buyers with no credit, down payment or job bring no value. The lenders have been buying 30% of the houses over the past four years. Now it has to shake out.
But I'm glad you thought it was predictable.
Next crisis: 8 million mortgages to illegal aliens and a country hell bent on deporting the payors. Stay tuned, folks.
Rowdy forgot to add that the subprimers were boning their investors cause they were making fortunes on commissions. This whole mess has been created by greedy unsavory R/E agents, brokers, loan officers, banks, and get rich quick buyers. It reminds me of Puff Daddy and his drug crazed homies...just plain vanilla stupid.
This man is very intelligent! The people wanted a house right away - So the marketing said you cheap assholes can have a house. Then they signed up for loans. The low rate is very good. But When it adjusts you are boned in the ass raw with no lube!
Lyndon LaRouche is the only one with a solution that will save the real productive economy, by putting a firewwall between the speculative debt that is collapsing, and the savings of the average family. larouchepacdotcom
The whiter than white subprimesscysts have finally delivered affordable housing for themasses that didnt buy into their AAA'S or their levirage [eureka]isnt thats what capitallism is all about
I predict that the success will be so great ,that houses will have to be given away free with cornflakes before next cristmas
Unfortunately co nflakes will cost $200,000 a box and you'll need a subprime motgage if you havnt got enough rice crispies for a deposit
Consumers are victims, always. "subprime" describes the class of applicants targeted in the mortgage scam. In 99.9% of cases the banks were/are fully collateralized. The entire mortgage writing process is a fraud. Reference the Credit River Decision 1968, Mn. and UCC exchange law. They killed the judge afterwards, but the decision still stands. Why do you think Goldman gave out $600M+ in bonuses for 2007?
the fix is simple boys and girls, if the banks gave us fdic liquid and cds- rates and yields of 7% plus, we would put money in banks instead of spending it- since the banks give us DICK,,,Also gazilions would leave wall st for fdic bank products that returned 7% rates-yields, of course wall streeters would jump from windows, the FED bailsbanks out with cheap money at depositors expense Ie. widows- orphans nest eggs- banks used to buy money from the populace with decent rates- 10% plus.
Risk is based on more than credit scores. Some people have redeemed foreclosure and paid off bankruptcy to restart there life and did good. Others simply have what underwriters dont see "red blood"..bad things can happen to good people, divorce death even for you 800 score people who needed a bandaide
Originators sold product by lender g/lines Consumers "had" good scores but kept filling out preapp c/cards and max paid crds out, now they cant get FNMA. Dont blame lenders and brokers. Consumers need to learn to pay their bills or get counseling how to stay out of debt
who diez nikkah? i be searccin fo dem birds naw mean? vogels all day and den I giet thiez shiee?? i thout we wuz folk, mayne, i doezn't like thiz, *brrrr*** birdman. shave ya self mayne, get dat baby face nawmean?
TRBWS 3 years ago
''PRRR"' MY NIKKUH!!
ya hoe ass niggas might think this a game, prrr is how real niggas salute in 09 hoe ass niggas. ya'll be hatin on some real niggas cuz we FLY PRR! we higher then a BIRD PRRR.
AND WHO THI IE SHWATY!?!?I CAME HERE TRYNA WATCH SOME BIRDS DO THEY THANG-A-LANG NOT SEE SOME BIRD ASS NIGGA
PRRR
GorillaDroog 3 years ago
Sorry but Spanish Speakers aren't even close to being the only ones getting Subprime loans. Of course it depends on the part of the country you live in. In Florida and Southern California that is probably true.But in the rest of the country I'm not so sure. Think it was ethnically much more mixed in other places.
bdweightexer 3 years ago
Predatory lending destroyed those who put too much trust in people to be honest.
lostinseganet 3 years ago
This comment has received too many negative votes show
HISPANICS were the major group to hold SUBPRIME LOANS. HISPANICS were given loans when other groups could not get them. Now they want to be bailed out of their mess!!!If they weren't so greedy they would not be in this situation. Most of them didn't even have SSN oe EINS.Now BUSH has made it possible for them to get bailouts without SSN or EINs!!! S0illegals aliens are milking the system again!!! While Americans pay the bill!!!
tellthetruthh 3 years ago
The investors and property developers create a vastly over inflated house price market.Then the "creative accounting" economy creates a situation where employers pay staff as little as possible for their work! Ideally they move jobs to China so they can make even more profit! Therefore you create a two tier market where good people cant afford a small home! Of course the sub prime market went up! They couldn't face the guilt and political embarrassment of telling the truth!
Joyriser 3 years ago
Now that the volumes of home sales is down around 30-40% each month from a year ago, you'd expect a good number of those agents to chuck it in.
They rely on commissions for most of their income so fewer sales means lower income. You'd have to expect a good 5000 to 6000 would leave the industry in the next couple of years.
The other angle here is that mortgage brokers will also feel the pain. Most of their business is generated by real estate deals.
ofInterestNZ 3 years ago
COMMON SENSE
Do You need it? Yes, continue to next question. No, STOP.
Can You afford it? Yes continue to next question. No, STOP.
Should you buy it at it's current price? Yes, welcome to the homeowner's club! No, it is overpriced!
Apparently, these 3 questions are too hard to figure out. No need to wonder why the US of A is such a mess; the consumers are just as stupid as the politicians and lawyers criminals.
LMAO! Now GIVE me your house! LOL! C Ya Monopoly Guy! LOL, LMAO, LOL
MTXSHO9732vV8SHO 4 years ago
The subprime schister shenanigans are merely symptomatic of the real problem which is the Federal Reserve crime syndicate dictating artificially low interest rates instead of allowing the market to determine them. They sucker everyone in with low rates then they pull the rug out from under them. THEY ARE THE ONES PROFITING FROM ALL OF THIS!!!!!!
Psychogenius018 4 years ago
In my opnion this run up in real estate value was created, on purpose and unwittingly by the fed gov. Unwittingly when the Clinton admin made the first $500K of home profit not taxed. On purpose by Greenspan to avoid an even worse fate, a deep depression with price deflation. Monetary policy, purposely encourgaed real esate investmenting in an attempt to aviod a catastophy casued by the tech melt down of 2001/2002. It worked for 5 years. This is all related to globalization and corp greed.
njmarkca 4 years ago
Nice attempt at a recap, but, not quite.
The very financing vehicles described are what drove housing prices up to begin with. Buyers with no credit, down payment or job bring no value. The lenders have been buying 30% of the houses over the past four years. Now it has to shake out.
But I'm glad you thought it was predictable.
Next crisis: 8 million mortgages to illegal aliens and a country hell bent on deporting the payors. Stay tuned, folks.
nobodybidness 4 years ago
Rowdy forgot to add that the subprimers were boning their investors cause they were making fortunes on commissions. This whole mess has been created by greedy unsavory R/E agents, brokers, loan officers, banks, and get rich quick buyers. It reminds me of Puff Daddy and his drug crazed homies...just plain vanilla stupid.
zecamel8 4 years ago
This man is very intelligent! The people wanted a house right away - So the marketing said you cheap assholes can have a house. Then they signed up for loans. The low rate is very good. But When it adjusts you are boned in the ass raw with no lube!
rowdy8888 4 years ago 3
Rowdy could you redo your post without the euphemisms
ubornthick 4 years ago
Lyndon LaRouche is the only one with a solution that will save the real productive economy, by putting a firewwall between the speculative debt that is collapsing, and the savings of the average family. larouchepacdotcom
LaRoucheisright 4 years ago
The whiter than white subprimesscysts have finally delivered affordable housing for themasses that didnt buy into their AAA'S or their levirage [eureka]isnt thats what capitallism is all about
I predict that the success will be so great ,that houses will have to be given away free with cornflakes before next cristmas
Unfortunately co nflakes will cost $200,000 a box and you'll need a subprime motgage if you havnt got enough rice crispies for a deposit
ubornthick 4 years ago
Consumers are victims, always. "subprime" describes the class of applicants targeted in the mortgage scam. In 99.9% of cases the banks were/are fully collateralized. The entire mortgage writing process is a fraud. Reference the Credit River Decision 1968, Mn. and UCC exchange law. They killed the judge afterwards, but the decision still stands. Why do you think Goldman gave out $600M+ in bonuses for 2007?
guesswhotoo6 4 years ago
the fix is simple boys and girls, if the banks gave us fdic liquid and cds- rates and yields of 7% plus, we would put money in banks instead of spending it- since the banks give us DICK,,,Also gazilions would leave wall st for fdic bank products that returned 7% rates-yields, of course wall streeters would jump from windows, the FED bailsbanks out with cheap money at depositors expense Ie. widows- orphans nest eggs- banks used to buy money from the populace with decent rates- 10% plus.
garyowen4ever 4 years ago
Most bankers have PHD,s[pathetically hopeless dimwit]in the past they would havw been tucked away in religious institutions
ubornthick 4 years ago
Risk is based on more than credit scores. Some people have redeemed foreclosure and paid off bankruptcy to restart there life and did good. Others simply have what underwriters dont see "red blood"..bad things can happen to good people, divorce death even for you 800 score people who needed a bandaide
larrydrawdy 4 years ago 2
Originators sold product by lender g/lines Consumers "had" good scores but kept filling out preapp c/cards and max paid crds out, now they cant get FNMA. Dont blame lenders and brokers. Consumers need to learn to pay their bills or get counseling how to stay out of debt
larrydrawdy 4 years ago
It's called predatory lending for a reason moron.
jizzmonger 4 years ago