LoL Looks like Lehman is defaulting on a payment owed to us.

[zinfamous]

Originally posted by: LegendKiller

Originally posted by: LS21

Originally posted by: ICRS
We provide much needed mortgages for low and moderate income familes. Without us countless low and moderate income people with no money for a down payment wouldn't have a home. Because of us these people now have homes. We must survive for the sake of these kinds of people.

its a house, not a home you dumb fuck, and if you cant afford a house you shouldnt own a house . perish in a flame

Die of starvation.

i :heart: this thread.

so much to love....

 

[zinfamous]

Originally posted by: JS80

Originally posted by: ICRS
We provide much needed mortgages for low and moderate income familes. Without us countless low and moderate income people with no money for a down payment wouldn't have a home. Because of us these people now have homes. We must survive for the sake of these kinds of people.

You mean you provide mortgages to people who shop at Goodwill?

OK. Now it's getting good....

 

[alkemyst]

Why do tards start a thread and then edit out the OP.

 

[CrackRabbit]

Please do not feed the trolls.
Thanks,

Management.

 

[JS80]

Originally posted by: ICRS
To clear any confusion. We are NOT a lender. We have standards on what loans we will purchase, and we purchase loans that meet our standard. No borrower gets money from us. Next the loans we purchased are not what caused this market mess, those were NINA loans or LIAR loans. All of our loans required documentation, we just allowed for negative equity from the start. Also We had a maximum total debt ratio of 70%, which isn't terrible. Furthermore ONLY 35% of our loans had a total debt ratio of greater than 50%, which is excellent.

We allowed for 110% loans and such because we gambled the home would increase in value, and lost.

What do you think the bank is going to do after you buy the mortgages from them? Loan it out again. So yes, you directly fund borrowers by purchasing MBS.

 

[zinfamous]

Originally posted by: alkemyst
Why do tards start a thread and then edit out the OP.

It's OK. the OP is quoted several times already for posterity. Editing it out only makes the OP look like more of an asshat.

 

[alkemyst]

Originally posted by: zinfamous

Originally posted by: alkemyst
Why do tards start a thread and then edit out the OP.

It's OK. the OP is quoted several times already for posterity. Editing it out only makes the OP look like more of an asshat.

QFT...I have never ever edited out any post no matter how south it went unless I was asked to do so by a mod or reached an agreement with the other poster I was debating with due to them realizing trying to get truly personal is a losing battle.

 

[sdifox]

Originally posted by: mugs

Originally posted by: ICRS
To clear any confusion. We are NOT a lender. We have standards on what loans we will purchase, and we purchase loans that meet our standard. No borrower gets money from us. Next the loans we purchased are not what caused this market mess, those were NINA loans or LIAR loans. All of our loans required documentation, we just allowed for negative equity from the start. Also We had a maximum total debt ratio of 70%, which isn't terrible. Furthermore ONLY 35% of our loans had a total debt ratio of greater than 50%, which is excellent.

We allowed for 110% loans and such because we gambled the home would increase in value, and lost.

You're an idiot. Sepuku. Now.

Sepuku is for those with honour. This guy should taser himself to death.

 

[zinfamous]

Originally posted by: sdifox

Originally posted by: mugs

Originally posted by: ICRS
To clear any confusion. We are NOT a lender. We have standards on what loans we will purchase, and we purchase loans that meet our standard. No borrower gets money from us. Next the loans we purchased are not what caused this market mess, those were NINA loans or LIAR loans. All of our loans required documentation, we just allowed for negative equity from the start. Also We had a maximum total debt ratio of 70%, which isn't terrible. Furthermore ONLY 35% of our loans had a total debt ratio of greater than 50%, which is excellent.

We allowed for 110% loans and such because we gambled the home would increase in value, and lost.

You're an idiot. Sepuku. Now.

Sepuku is for those with honour. This guy should taser himself to death.

I would prefer death on toilet, trying to pass an undigested 15-pound slab of beef. Kind of like Elvis.

No real honor in that.