Housing Bubble Bursting?

[JSmith43]

Sounds like a pack of sniveling, opportunist barristers smelled blood and are trying to pounce in a way only they know how.

Notice how quickly, in relative terms, the company restated earnings (relative to certain GSE's). Repurchase issues are being hotly negotiated all over the place. One either does it or it is lawsuit city, basically, war of the roses.

I can imagine the accountants, watching the chess match to see which way it really breaks before writing down an asset like that. Buying back the loans-well, it really depends upon the market options, once you take delivery.

This stuff might have taken quite some time to figure out. I am not sure, but as you can tell, I am skeptical. My guess is that the primary interests being served will end up being those of the legal wolf pack.

 

[Scott Kibler]

You can expect more stuff like this.

Wait till some institutional investor takes a big hit from losses due to bonds backed by sub-prime mortgages. You think the investment banker underwriting these things (Merrill Lynch, etc) might have some 'splainin to do?

 

[JSmith43]

You can expect more stuff like this.

Wait till some institutional investor takes a big hit from losses due to bonds backed by sub-prime mortgages. You think the investment banker underwriting these things (Merrill Lynch, etc) might have some 'splainin to do?

Here's a good link to feed the blood thirsty types via rumor mill, etc. You "gotta" like the site name: http://www.mortgageimplode.com/

 

[Scott Kibler]

Mass hysteria fueled the run up.

Mass hysteria will probably fuel the fallout.

 

[Scott Kibler]

Look for a Democratic sponsered bill to severly restrict sub prime lending activity and thus pulverize property values in working class neighborhoods.

 

[Tawfik Ahdab]

The housing bubble is now even on T-shirts.

http://shop.renaissancecreative.com/

 

[Austin]

Look for a Democratic sponsered bill to severly restrict sub prime lending activity and thus pulverize property values in working class neighborhoods.

Yea, look for them to regulate unions too. Nancy is working on a bill now to make sure union dues are not used for political purposes.

 

[JSmith43]

Yea, look for them to regulate unions too. Nancy is working on a bill now to make sure union dues are not used for political purposes.

The part I changed to bold print sounds suspicious. You mean NEA dues won't finance D's?

 

[Ray Miller]

Mass hysteria fueled the run up.

Mass hysteria will probably fuel the fallout.

Yep, hope so. I am gearing up to handle REO property at Auction. Started our marketing last week in the state Realtor rag and the state Bankers rag.

Have two brokers on line to now to do the closings. Have a hard money banker that will do the lending. Will split commission down the middle with the brokers. REO owenrs will put up the marketing dollars up front, can have the units sold within 60 days. From start to finish. To come to the auction you need to prequalify and have a certified check deposited for $10,000 in our trust account or given to us before the sale starts. No refund if you fail to closed and you were high bidder.

I figure we can do 3 to 5 a week around the state.

I have also linked up with a national and international Auction company for high dollar units and commercial.

We are also now linked with a lender that will buy the preforeclosure home at the current appraised value from the lender. Then rent it back to the homeowner until what time they default on the rent or are able to come up with a down payment and buy it back.

This will all be added to our web site in a few days.

 

[Greg Bell]

Hey..here is the biggest idiot on the planet.Do not let Forbe's handle you cash.


Portfolio Strategy
Housing Boom!
Kenneth L. Fisher 02.26.07



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Don't buy it. For months now the debate has been over whether America will have a hard landing or soft landing, the answer hinging on how big 2007's housing disaster turns out to be. Well, there won't be any housing disaster. We won't have a landing at all, soft or hard. Right now the U.S. and global economies are both accelerating.

You can see right through the housing crash story by looking at the prices of housing stocks. The market knows what the economic worrywarts do not, which is that the housing sector is already making a comeback. In the last six months housing stocks are up 24%, well ahead of the overall market. If housing were destined to fall apart in 2007 these stocks wouldn't be so strong now.

Did you know that housing sales are up in the last few months, not down, and that inventories are lower than six months ago? We're accelerating, not landing. This is true not just in housing but also pretty much across the board.

The consensus forecast is for single-digit S&P 500 earnings growth tied to a slowing economy. Disbelieve it. Experts' forecasts have been too low for four years and will be now. First, the accelerating economy will deliver earnings that exceed expectations. Second, the analysts polled for these consensus numbers never factor in the effect of corporate purchases of stock for cash. Whether a company is buying in its own shares or taking over another company, the acquisition of equity stakes (if done cheaply enough) raises earnings per share.