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

[IEC]

Originally posted by: DisgruntledVirus

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.

Seriously stop lending to these "low and moderate income people with no money for a down payment" shit. You are the fucking cause of this mess and why Lehman "can't pay you today"...

Fucking get a clue and DIAF.

Agree 95%. Those who lent these ridiculous ARMs/etc to low-income families knowing full well the risks don't deserve a bailout, they deserve to be hanged.

 

[jman19]

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.

Thanks for fucking up the economy, douchebag.

 

[DomS]

Originally posted by: mjuszczak

Originally posted by: Eli

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.

:roll:

yeah, this

what's wrong with you people? It's not like he was out there with a gun forcing these people to sign these loans. I love how we make all these excuses for these people

 

[skace]

Originally posted by: mugs
No one cares about your job. Just shut up about it.

Actually, under current conditions ICRS' job could actually be interesting, unfortunately he can't convey a single idea without sounding like some sort of weird PR robot.

 

[oddyager]

Originally posted by: DomS

Originally posted by: mjuszczak

Originally posted by: Eli

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.

:roll:

yeah, this

what's wrong with you people? It's not like he was out there with a gun forcing these people to sign these loans. I love how we make all these excuses for these people

And this makes it okay, how? Lenders aren't innocent at all from this.

 

[alkemyst]

Originally posted by: LS21
i would pay money for somebody to murder you

can you do paypal?

 

[alkemyst]

Originally posted by: oddyager

Originally posted by: DomS

Originally posted by: mjuszczak

Originally posted by: Eli

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.

:roll:

yeah, this

what's wrong with you people? It's not like he was out there with a gun forcing these people to sign these loans. I love how we make all these excuses for these people

And this makes it okay, how? Lenders aren't innocent at all from this.

yeah it's the whole do over mentality. It's like the joke that enabled the fucking patriot act to be pushed right on top of us now.

Only in today's society are we looking to give murderers second chances, help the guy that bet and lost, etc.

We need to draw the line on all this free aid and focus on things that could help _everyone_.

 

[MrDudeMan]

Originally posted by: alkemyst

Originally posted by: LS21
i would pay money for somebody to murder you

can you do paypal?

in for 5

 

[Eli]

Originally posted by: DomS

Originally posted by: mjuszczak

Originally posted by: Eli

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.

:roll:

yeah, this

what's wrong with you people? It's not like he was out there with a gun forcing these people to sign these loans. I love how we make all these excuses for these people

?

I was rolling my eyes at his obvious troll post.

 

[CrazyLazy]

Man why didn't I say I worked for Lehman brothers. Could have kept me entertained for days.

 

[racolvin]

Originally posted by: DomS

Originally posted by: mjuszczak

Originally posted by: Eli

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.

:roll:

yeah, this

what's wrong with you people? It's not like he was out there with a gun forcing these people to sign these loans. I love how we make all these excuses for these people

No what he's doing is preying on the desire of those lower income folks to own a home. He hooks them up with a mortgage they can't truly afford, he collects his fees and then sells the mortgage to someone like WaMu. WaMu gets stuck with the tab when those folks can't make their payments, meanwhile this guy has collected his fees and gone on to do it again.

The whole point is that those low-income folks shouldn't have been ALLOWED to get the mortgage at all. WANTING the mortgage/house is one thing, getting it approved is another.

 

[Slew Foot]

Originally posted by: Baked
Dear asshole lender who cause the whole economic recession for giving out mortgage loans to homeless people, please get run over by a SUV and DIAF w/ AIDS.

:thumbsup:

 

[PricklyPete]

I have no idea who you are OP, but you need to be bitch slapped.

 

[nerp]

Looks like someone is going to be checking into a Days Inn pretty soon.

 

[Pepsei]

i didn't read everything...but what's with all the hate to op? maybe i've been away for too long.

 

[AlienCraft]

Somebody is always left looking for a seat when you play Musical Financial Trickery. If you're one of those lenders who changes the terms at the last minute despite what you agreed to, slipped in a little "mutual backscratching" with a Lemnder, then you deserve to go broke along with the rest of us.
But be assured, you deserve nothing from "us", the taxpayers in general.
Please enjoy life among the common folk for awhile.

 

[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.

 

[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.

 

[Kev]

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.

WOW THAT'S REALLY INTERESTING

 

[LS21]

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.

whats your address?
i swear to god, i have frequent flyer miles, i will come to your apartment and beat you with a billy club

 

[shoRunner]

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.

maybe there's a reason they can't get a mortgage......wait for it....because they can't fucking afford it, not everyone in america deserves a house.

 

[halik]

Originally posted by: ICRS
Looks like they won't be able to pay it on time. But should pay it soon I think.

Accounts Payable and Accrued Expenses are the first one to get satisfied during bankruptcy.

 

[halik]

Originally posted by: mjuszczak

Originally posted by: Eli

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.

:roll:

yeah, this

Xtuple :roll:

These kinds of people can't afford the house and the sole reason they got the mortgage is because banks were assuming that RE assets will continue to appreciate. So even when you default after your oARM resets, the asset we as a bank get back is worth more.

Let me guess, you work for NACA? Your CEO is a clueless idiot, I caught him on NPR the other day. He has absolutely no idea what the emergency rescue plan is even trying to fix.

NACA fucktard

edit: HA, I typed the bolded before i read the o/p response. Lib circlejerk all around.

 

[AccruedExpenditure]

Originally posted by: halik

Originally posted by: ICRS
Looks like they won't be able to pay it on time. But should pay it soon I think.

Accounts Payable and Accrued Expenses are the first one to get satisfied during bankruptcy.

Best believe it

 

[halik]

Originally posted by: AccruedExpenditure

Originally posted by: halik

Originally posted by: ICRS
Looks like they won't be able to pay it on time. But should pay it soon I think.

Accounts Payable and Accrued Expenses are the first one to get satisfied during bankruptcy.

Best believe it

2 semesters of MBA accounting... I can do FIFO<->LIFO and capitalize operating leases on my sleep 🙂