Mr Mortgage - Home Equity Delinquencies Surge

Check out my new blog...
http://mrmortgage.ml-implode.com

S&P, BofA and Fitch all concur that the 'Home Equity Implosion' is knocking on, or kicking down rather, the front door.

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• Subprime
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[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.

[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.

[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

[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

[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.

[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