Would Elon Buy the ASC?

[Tim Hicks (Texas)]

And I do believe the good people that work for Fannie/FNMA or what ever you want to call it would extremely suprised to learn that using FNMA in any form other than the stock symbol is uncouth.

Every REO or short sale I have received from them in the past 20+ years states their name is Fannie Mae.

 

[TerryRohrer]

Eristic? That a good new word to learn.

Claude: "Plato used the term "eristic" notably in his dialogues, particularly when discussing sophistry and methods of argument. He used it to describe a style of debate that aims at winning rather than finding truth. For instance, in his dialogue "Euthydemus," he critiques eristic argumentation as practiced by the sophists.

Since this is quite an obscure term and specific historical usage, I should note that while I try to be accurate, I may hallucinate details about its exact appearances in classical texts."

No, Claude is right.

Eristic: "Given to or characterized by disputatious, often specious argument."

A solid characteristic of this forum.

Elon Musk is burning out.

https://www.inc.com/david-finkel/elon-musk-is-headed-for-burnout-heres-how-you-can-avoid-same-fate.html

He doesn't know how to take care of himself.

He may be nothing more than a dead bucket. Others are running the show for his business and he is likely mostly an interference.

Elon is having fun now, while it lasts.
Lots of crazy fun with Trump and the rest.
Physics, engineering all in his nest
But lacking control to avoid the pests
Old age encroaches, in virulent tests

Argumetative and illogical was the definition I saw. J Grant's likeness was adjoining.

I think I may grow to like Claude. Anything that self- critiques with "I may hallucinate details" can't be all bad!

 

[Tim Hicks (Texas)]

BTW, I have done more REO assignments in the past 30 days than the last two years. Coincidence? Planned?

 

[TerryRohrer]

BTW, I have done more REO assignments in the past 30 days than the last two years. Coincidence? Planned?

I think there has been a defacto moratorium on foreclosures for almost 5 years. No matter how good the times, that is untenable, and given the roller coaster we have been on, I can't imagine there is not a significant backlog. In keeping with the current administration's intent to screw as many citizens as possible, it wouldn't surprise me to learn they are assisting in the increase.

 

[Bobby Bucks]

BTW, I have done more REO assignments in the past 30 days than the last two years. Coincidence? Planned?

I think there has been a defacto moratorium on foreclosures for almost 5 years. No matter how good the times, that is untenable, and given the roller coaster we have been on, I can't imagine there is not a significant backlog. In keeping with the current administration's intent to screw as many citizens as possible, it wouldn't surprise me to learn they are assisting in the increase.

I'm convinced there is a backlog, shadow inventory or whatever one wishes to call it. I would like to know what's going on behind the REO curtain.

I did a refinance a few years ago for a lady that used to work for Fannie Mae, she was incredibly nice. Funny, she used the term "inspection", corrected herself and then said "observation" for my benefit. It was almost 5 years ago so I guess she's not turning me in for some infraction in the report and I can relax.

 

[alebrewer]

BTW, I have done more REO assignments in the past 30 days than the last two years. Coincidence? Planned?

In Texas?

Man, there are still ZERO REO properties in my market...

 

[TerryRohrer]

I'm convinced there is a backlog, shadow inventory or whatever one wishes to call it. I would like to know what's going on behind the REO curtain.

I did a refinance a few years ago for a lady that used to work for Fannie Mae, she was incredibly nice. Funny, she used the term "inspection", corrected herself and then said "observation" for my benefit. It was almost 5 years ago so I guess she's not turning me in for some infraction in the report and I can relax.

I recently saw a story about a foreclosure dating back to the recession. One thing we can't know is how many delinquent loans the GSEs (including FNMA) are selling in bundles to Blackrock, et al. The details don't seem to be newsworthy.

 

[Sadie]

Every REO or short sale I have received from them in the past 20+ years states their name is Fannie Mae.

I have had quite the opposite experience.

 

[alebrewer]

I have had quite the opposite experience.

gonna have to call BS on that one. Is the moniker still around (primarily because of their stock symbol)? Yes. Do they still use FNMA signage? No.

 

[Sadie]

You know nothing.