Phil Crawford Podcast

[alebrewer]

Appraisers do that everytime we read an AF posting

Fixed it for ya...

 

[Fernando]

From Joseph Goebbels, Reich Minister for "Public Enlightenment" (Propaganda) in Nazy Germany -

Propaganda 101:

#1: If you tell a lie big enough, and keep repeating it, people will eventually come to believe it.

#2: Accuse the others side of that which you are guilty.

#3: Propaganda works best when those who are being manipulated are confident that they are acting on their own free will.

#4: It (is) vitally important for the State... to repress dissent, for the truth is the mortal enemy of the lie, and thus...the greatest enemy of the State.

 

[alebrewer]

#4: It (is) vitally important for the State... to repress dissent, for the truth is the mortal enemy of the lie, and thus...the greatest enemy of the State.

That's why the Dims had the ministry of disinformation...

 

[KHS445]

In looking at the FAQ’s it appears they are evaluating risk and not confirming value. See FAQ #1. As they do not want the lender to say anything to the borrower about the estimate of value being confirmed or support. Basically, recreating another form of a liars loan, just using antidotal value support. Their model probably puts more weight towards D/I, credit rating, job time, etc. and will approve the waiver if their AVM falls within a predetermined value range.

It will be interesting to see as AVM loans increase as a percentage of the loans being sold to investors if their AVM falls investors will begin seeking a slightly higher ROA in order to compensate for the potential risk increase.

 

[Fernando]

In looking at the FAQ’s it appears they are evaluating risk and not confirming value. See FAQ #1. As they do not want the lender to say anything to the borrower about the estimate of value being confirmed or support. Basically, recreating another form of a liars loan, just using antidotal value support. Their model probably puts more weight towards D/I, credit rating, job time, etc. and will approve the waiver if their AVM falls within a predetermined value range.

It will be interesting to see as AVM loans increase as a percentage of the loans being sold to investors if their AVM falls investors will begin seeking a slightly higher ROA in order to compensate for the potential risk increase.

Given between risk and value, risk management upmost important. Who cares about value as long as fewer loan default.

 

[KHS445]

From Joseph Goebbels, Reich Minister for "Public Enlightenment" (Propaganda) in Nazy Germany -

Propaganda 101:

#1: If you tell a lie big enough, and keep repeating it, people will eventually come to believe it.

#2: Accuse the others side of that which you are guilty.

#3: Propaganda works best when those who are being manipulated are confident that they are acting on their own free will.

#4: It (is) vitally important for the State... to repress dissent, for the truth is the mortal enemy of the lie, and thus...the greatest enemy of the State.

1. Russia, Russia, Russia. I did not have sex with that women.

2. Hilary taking government documents and then destroying hard drives, etc. Joe having unsecured sensitive documents from his days as a Senator and VP, of which holders of neither office are permitted to retain.

3. See MSN, CNBC, ABC, NBC, CBS, THE VIEW, ETC.

4. The current administration worked with several of the major internet forces, including Facebook, Google, to suppress searches regarding Trump/Right Leaning information. To say nothing of the left and Biden administration representatives constantly saying Joe’s fit as a fiddle and works circles around his staff. This lie alone could have cost the US dearly, fortunately Joe’s ineptitude only cost us multiple billions of dollars and cost thousands of lives in the Ukraine, Israel, Russia, Gaza, etc.

 

[KHS445]

Given between risk and value, risk management upmost important. Who cares about value as long as fewer loan default.

No one until things go to hell and then everyone will be pointing fingers.

As a longtime community banker I always said the way the bank makes money is to lend it and the way the bank looses money is to lend it and not get it back. My job was to maximize one and minimize the other.

 

[Dublin ohio]

No one until things go to hell and then everyone will be pointing fingers.

IMHO it's going to take more then a few years to determine if waivers result in more or less defaults, since it appears the borrowers are lower risk

 

[Mike Ault]

IMHO it's going to take more then a few years to determine if waivers result in more or less defaults, since it appears the borrowers are lower risk

I hope they're being used properly to "build generational wealth in underserved communities".

 

[Dublin ohio]

underserved communities

I have been trying to figure out exactly what the above really means since the term is relatively recent