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You learn a lot when being in the business for 35yrs

Posted on: July 20, 2016 at 14:07:52 CT
Webbster MU
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Everything from LOIs to REOs
Primes to Subprimes
from Fixed to ARMs to SCRA to NegAms
I know all the regs
All the incentives from VA to Hamp
And are really long time ago the difference between a PEAK and a CRASH


Seriously, you should watch "The Big Short". It's not the full story, reasons and causes, but a good chunk of it and finishes with the CRASH in March 2007. You might take notice of the dates through out the movie.
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A man defrauds contractors to enrich himself and a segment - raskolnikov MU - 7/20 12:32:33
     Hill and Bill take hundreds of millions of dollars... - Salty Dog MU - 7/20 14:10:07
          What are you doing about it? - raskolnikov MU - 7/20 14:28:48
               None of those flawed comperisons you list have anything to - STL1DFW STL - 7/20 15:37:56
     Hillary is a liar and a murderer, is that who you support? (nm) - JeffB MU - 7/20 13:00:49
          No - raskolnikov MU - 7/20 13:06:37
               Her murderous policies are even worse than her lying, of - JeffB MU - 7/20 14:36:09
                    NO we don't know that - raskolnikov MU - 7/20 15:57:52
                         Of COURSE we know she's a lying scumball. That's a matter - JeffB MU - 7/20 16:47:25
     RE: A man defrauds contractors to enrich himself and a segment - CPA MU - 7/20 12:52:15
          Answer the question - raskolnikov MU - 7/20 12:53:03
               RE: Answer the question - Alferd Packer MU - 7/20 14:36:00
               LOL! THAT IS EXACTLY WHAT YOU ARE DOING! - Salty Dog MU - 7/20 14:11:02
                    Perfect! This Rask moron is so stupid & without a shred of - STL1DFW STL - 7/20 15:40:35
               RE: Answer the question - CPA MU - 7/20 12:54:46
                    Are you incapable of answering the question - raskolnikov MU - 7/20 12:56:25
                         RE: Are you incapable of answering the question - CPA MU - 7/20 13:00:08
                              RE: Are you incapable of answering the question - raskolnikov MU - 7/20 13:09:29
                                   RE: Are you incapable of answering the question - CPA MU - 7/20 13:12:19
                                        Yes, I see a lot of idolatry in terms of Donald - raskolnikov MU - 7/20 13:47:23
     That's actually a great stat. Good accounting. - RHAYWORTH MU - 7/20 12:51:29
     Disputing a bill is not defrauding a contractor - Spanky KU - 7/20 12:48:20
          Keep up - raskolnikov MU - 7/20 12:52:14
               you are out of your depth as usual.(nm) - SuperTone MU - 7/20 13:11:22
               The company's work was inferior....They were paid 80% of the - Spanky KU - 7/20 13:10:39
                    But is willing to use them in the future LOL - Webbster MU - 7/20 13:14:40
                         yes, the 20% is a penalty, not a statement that they can't - 90Tiger MU - 7/20 16:08:36
                              Webb doesn't understand scope of work, liquidated - Spanky KU - 7/20 16:34:59
                         I have used vendors that didn't perform the 1st time - Spanky KU - 7/20 13:19:14
                              Why are these claims so rampant - Webbster MU - 7/20 13:24:09
                                   Because you don't understand math? - Spanky KU - 7/20 13:30:14
                                        He doesn't pay hundreds of thousands a year. Come on - raskolnikov MU - 7/20 13:56:36
                                             our tiny company pays thousands lol, rask. you're so - 90Tiger MU - 7/20 16:09:23
                                             Yes.. he does. My company pays hundreds of thousands of - Spanky KU - 7/20 14:11:35
                                        Same math Ebenezer Scrooge uses - Webbster MU - 7/20 13:37:17
                                             You are not smart.... not smart at all. - Spanky KU - 7/20 13:38:45
                                                  I know the difference between a PEAK and a CRASH - Webbster MU - 7/20 13:41:31
                                                       you know neither.. Prices ROSE until 2006 - Spanky KU - 7/20 13:46:00
                                                            It's all based on Volume - Webbster MU - 7/20 13:49:37
                                                                 Only to those in the mortgage business...like you were - Spanky KU - 7/20 13:55:03
                                                                      You learn a lot when being in the business for 35yrs - Webbster MU - 7/20 14:07:52
                                                                           Your metric is wrong.... mortgage volume may have peaked - Spanky KU - 7/20 14:10:46
                                                                                You're not in the business - Webbster MU - 7/20 14:15:24
                                                                                     I own several properties.. so YES!!! I am in the business - Spanky KU - 7/20 14:20:34
                                                                                          No you're not - Webbster MU - 7/20 14:25:49
                                                                                               You are an IT weenie who knows little about real estate - Spanky KU - 7/20 14:32:14
                                                                                                    Don't you have some homework to do? - Webbster MU - 7/20 14:40:20
                                                                                                         You failed and left SoCal with your tail tucked - Spanky KU - 7/20 14:54:59
                                                                                                              Not true, housing boom was at it's PEAK - Webbster MU - 7/20 15:01:42
                                                                                                                   prices in 2004 were 20% lower than 2006. 2004 was not the - Spanky KU - 7/20 15:53:22
                                                                                                                        VOLUME was at this highest in late 2004 - Webbster MU - 7/20 16:08:23
                                                                                                                             You claimed prices waaaay back when this began - Spanky KU - 7/20 16:23:11
                                                                                                                                  You claim CRASH didn't happen 2004 - Webbster MU - 7/20 16:26:59
                                                                                                                                       You claim a POS condo in Dana Point was worth $800K in 04. - Spanky KU - 7/20 16:31:23
                                                                                                                                            ZERO credibility is not knowing PEAK and CRASH is - Webbster MU - 7/20 16:34:32
                                                                                                                                                 Home loan originations were higher in 05 & 06 than 04 - Spanky KU - 7/20 16:44:35
                                                                                                                                                 Subprime loan originations were higher in 05 and 06 than - Spanky KU - 7/20 16:40:36
                                                                                                                                                      But you're not showing the VOLUME - Webbster MU - 7/20 16:46:54
                                                                                                                                                 When did prices peak, dumb@ss? - Spanky KU - 7/20 16:35:48
                                                                                                                                                      That isn't the PEAK in the market - Webbster MU - 7/20 16:43:03
                                                                                                                                                           Do number of home loans = approx number of homes sold? - Spanky KU - 7/20 16:46:19
                                                                                                                                                                Mortgage Rate went up Summer 2005 - Webbster MU - 7/20 16:51:45
                                                                                                                                                                     that is an irrelevant statistic - Spanky KU - 7/20 18:31:28
                                   Here's another one - Webbster MU - 7/20 13:25:31
                                        Did Trump contract with the city to perform - Spanky KU - 7/20 13:32:38
                                        Here's another one - Webbster MU - 7/20 13:26:10
                                             A smart vendor.. Demand payment in advance! - Spanky KU - 7/20 13:35:40
                                             Here's another one - Webbster MU - 7/20 13:28:57
                                                  That is a review of the USA Today article you already posted - Spanky KU - 7/20 13:37:37
               This one is even better - Webbster MU - 7/20 13:07:13
                    That's the story he put in his OP - Spanky KU - 7/20 13:12:48
                    This one's a good one too - Webbster MU - 7/20 13:12:30
                         The architect was billing for work he claimed was 'out of - Spanky KU - 7/20 13:16:30
     You really are pathetic (nm) - pickle MU - 7/20 12:47:38
     A couple defrauds the country to get rich. Ras applauds. - RHAYWORTH MU - 7/20 12:45:35
          RE: A couple defrauds the country to get rich. Ras applauds. - raskolnikov MU - 7/20 12:49:34
               Typical progressive . Demands someone else work for him. - RHAYWORTH MU - 7/20 13:03:47
                    "demands someone else works for him" WTF are you saying?(nm) - raskolnikov MU - 7/20 13:58:14
     The Clinton Foundation is a continuing criminal enterprise - mu7176grad MU - 7/20 12:41:58
          The other guy is worse is not an answer(nm) - raskolnikov MU - 7/20 12:54:12
               RE: The other guy is worse is not an answer(nm) - CPA MU - 7/20 13:16:06
     you mean the Clinton Foundation, right? - FootballRefugee MU - 7/20 12:39:31
     Clinton Foundation?(nm) - Tiger@chicago MU - 7/20 12:36:27
          Answer the post - raskolnikov MU - 7/20 12:38:17
     I assume you're referencing Bill here. (nm) - Evenflow MU - 7/20 12:33:59
     what are you yammering about now? (nm) - 90Tiger MU - 7/20 12:33:39
          At least try to keep up - raskolnikov MU - 7/20 12:35:09
               You need to read your own post, man.. - Spanky KU - 7/20 12:45:16
                    WHy would I bother to READ posts, come on now(nm) - raskolnikov MU - 7/20 12:50:26
                         I don't know. You never do (nm) - pickle MU - 7/20 13:04:42
               HUNDREDS!! I'm not defending the Don here, rask, but - 90Tiger MU - 7/20 12:43:33
                    I asked a question - raskolnikov MU - 7/20 12:47:10
               RE: At least try to keep up - FootballRefugee MU - 7/20 12:40:17




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