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25 Responses to “Mr Mortgage – Home Equity Delinquencies Surge”
saveurhomeplease Says:
We Can Help You Save Your Home From Foreclosure Go To homesaver(DOT)tk
markmti Says:
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 Says:
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 Says:
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
markmti Says:
seems like forever.
visionvictory Says:
Went to Costco today, NO RICE. LOW ON WHEAT, SALT, SUGAR, and Veg. Oil.
This is real time.
jim9847 Says:
How long can these banks keep this bad paper before they are forced by necessity to finally openly declare their losses?
markmti Says:
hopefully hot elvis and not 1977 elvis.
donpedrosan Says:
“percent?” or percentage points? I can’t make oyt from the monologue. Please explain here (if you have time)
r0h1tp Says:
Appreciate your sharing this info and exposing the hype.
7bb7b Says:
You look like Elvis!!!
I wondered all these times who you look like!!! do you sing?
Youre Elvis Presley of the Mortgage industry!!
LOL
idahotandj Says:
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 Says:
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 Says:
Thank you for the truth, it’s refreshing to hear……
pejvan Says:
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 Says:
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 Says:
Great info, your doing a great job informing people. keep it up.
mliu03 Says:
Great stuff, deserve 5 stars!!!
makoshark123456 Says:
don’t believe the hype. right on! thanks for your efforts.
youstwo Says:
Great Information! Thank you.
CHL
badonkadonk34 Says:
Thanks Mark. Keep it up.
THolleyH46 Says:
Absolute Gospel Brother, keep on talking it up.
iam420king Says:
Passing it around.
Well done, Sir.
jerabekk66 Says:
Mr. Mortgage is showing a way for the little guy not to get completely screwed.
Pass it around
xxx12345yyy Says:
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.
We Can Help You Save Your Home From Foreclosure Go To homesaver(DOT)tk
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.
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?
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
seems like forever.
Went to Costco today, NO RICE. LOW ON WHEAT, SALT, SUGAR, and Veg. Oil.
This is real time.
How long can these banks keep this bad paper before they are forced by necessity to finally openly declare their losses?
hopefully hot elvis and not 1977 elvis.
“percent?” or percentage points? I can’t make oyt from the monologue. Please explain here (if you have time)
Appreciate your sharing this info and exposing the hype.
You look like Elvis!!!
I wondered all these times who you look like!!! do you sing?
Youre Elvis Presley of the Mortgage industry!!
LOL
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!
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?
Thank you for the truth, it’s refreshing to hear……
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…
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
Great info, your doing a great job informing people. keep it up.
Great stuff, deserve 5 stars!!!
don’t believe the hype. right on! thanks for your efforts.
Great Information! Thank you.
CHL
Thanks Mark. Keep it up.
Absolute Gospel Brother, keep on talking it up.
Passing it around.
Well done, Sir.
Mr. Mortgage is showing a way for the little guy not to get completely screwed.
Pass it around
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.