phatbubble Posted June 15, 2009 Report Share Posted June 15, 2009 reamfinance a crapbox - LOL Link to comment Share on other sites More sharing options...
idrisb59 Posted June 15, 2009 Report Share Posted June 15, 2009 Mrotgouge Applications Fall as Interest Rates Jump U.S. mrotgouge applications fell last week to the lowest level since February as a jump in borrowing costs discouraged reamfinancing and signaled that Federal Reamserve Chairman Ben S. Bernanke’s desperate efforts to cap rates is failing. The Mrotgouge Banksters ASSociation’s index of applications to purchase or reamfinance a crapbox dropped 7.2 percent to 611 in the week ended June 5, from 658.7 the prior week. The reamfinancing gouge fell 12 percent. Fixed U.S. mrotgouge rates jumped to the highest level this year last week, threatening to deepen the crapbox slump and sideline prospective first time reamtail suckerbuyers. Hey... who need refi............ .. it's all about the outback... shame on this 3rd world ... slumdog is better off. Link to comment Share on other sites More sharing options...
mdporter Posted June 15, 2009 Report Share Posted June 15, 2009 Here you go Jimi: SACRAMENTO (CBS 5 / KCBS / AP) ― California imposed a 90-day moratorium on housing foreclosures under a new law that took effect Monday. The law is expected to make lenders try harder to keep borrowers in their homes. Loan companies must prove they tried to modify the delinquent loans before they can begin foreclosing. If the bank does not renegotiate, the home owner still has 90 days until the bank can take the house. That warning period, supporters of the law contend, will grant at least some people having trouble with a mortgage the opportunity to come up with other options on their own. Supporters acknowledge the California Foreclosure Prevention Act won't stop thousands of foreclosures from eventually happening, but noted it was an important step towards a systematic review of delinquent home loans. prolong the correction as long as possible. Link to comment Share on other sites More sharing options...
psyche doctor Posted June 15, 2009 Report Share Posted June 15, 2009 I just came across this article at Safehaven.com. For almost a couple of years, I was a member of this site that the author, Joseph Russo, is referring. The site no longer exists but only as a memorial, as the the creator, SPWAVER A.K.A. Dom, passed away last fall. I have a 5oz. silver medallion, one of many that Dom had minted at the Northwest Territorial Mint that bore the website's emblem. It sits on my desk as a reminder of Dom, but also as inspiration when trading these markets gets to be wearisome and treachorous. Actually, today, when the market went into its sideways sleeping pattern, I had picked it up and handled it for a moment. Anyway, whether you knew him or not, this is an interesting article. A Personal Story of Tribute Link to comment Share on other sites More sharing options...
mdporter Posted June 15, 2009 Report Share Posted June 15, 2009 "California is ground zero for foreclosures. We're getting about 80 to 90,000 foreclosure filings every month. That's one every 30 seconds, so until we start mitigating the number of foreclosures, our economic recovery is going to be hampered," said Assemblyman Ted Lieu, the Torrance Democrat who authored the bill. Meanwhile, the moaners get another 90 days free of staying in a home they cannot pay for and do not deserve, artificially propping up prices, and preventing the proper discovery of prices. The fact is the state cannot afford lower prices, period, because there will be even less tax revenue. This state is completely and utterly scroomed. Link to comment Share on other sites More sharing options...
snorkels4 Posted June 15, 2009 Report Share Posted June 15, 2009 RIFIN has squeezed the loaf, but needs to pinch it off.... no bridle on that horse? http://finance.yahoo.com/news/Administrati...sset=&ccode Link to comment Share on other sites More sharing options...
shorty Posted June 15, 2009 Report Share Posted June 15, 2009 "California is ground zero for foreclosures. We're getting about 80 to 90,000 foreclosure filings every month. That's one every 30 seconds, so until we start mitigating the number of foreclosures, our economic recovery is going to be hampered," said Assemblyman Ted Lieu, the Torrance Democrat who authored the bill. Meanwhile, the moaners get another 90 days free of staying in a home they cannot pay for and do not deserve, artificially propping up prices, and preventing the proper discovery of prices. put 'em all in aSS-pounding prison until they pay up in full they knowingly lied on their loan apps, that's a crime send 'em all ta Bubba fer "correctionals" Link to comment Share on other sites More sharing options...
Jorma Posted June 15, 2009 Report Share Posted June 15, 2009 some notes on UNG: At issue currently is the rampant growth of the UNG, the natural gas positions of which have doubled since last month’s roll. This growth, by the way, is eerily similar to that experienced by the ETF’s sister fund, the USO, earlier this year - the background to which you can read about here. In the UNG’s case, however, the growth has been so large that in order to avoid a regulatory clampdown on its futures positions the fund managers have been forced into the world of over-the-counter swaps. Accordingly, the fund’s swap positions are now 2.6 times larger than its future ones. To give some perspective, if the fund was to put all that money into the futures market, Jakob calculates it would be equal to occupying 78 per cent of open interest in the July Nymex contract. Meanwhile, the holding of large swap positions goes against the fund’s mandate as outlined in its prospectus. source ETF's and ETN"s are a cancer. Some worse than others. The bigger they are the worse they are. I use the damn things but am not proud. Commodity ones are derivatives of derivatives and serve no possible economic function, except in the fervid dreams of the middle men. The exchanges and the brokers. Link to comment Share on other sites More sharing options...
K Wave Rider Posted June 15, 2009 Report Share Posted June 15, 2009 Trannies closed back under 3250, and at probably the most important pivot point of the year.....if bears take it here, I think gets ugly, and then uglier....if they don't, goin' back into my cave.... Am guessin' a little bounce, and then sayonara into the abyss... Anyone been following the forward shipping rates for 3rd qtr this year? Aint a pretty sight.... Link to comment Share on other sites More sharing options...
idrisb59 Posted June 15, 2009 Report Share Posted June 15, 2009 "California is ground zero for foreclosures. We're getting about 80 to 90,000 foreclosure filings every month. That's one every 30 seconds, so until we start mitigating the number of foreclosures, our economic recovery is going to be hampered," said Assemblyman Ted Lieu, the Torrance Democrat who authored the bill. Meanwhile, the moaners get another 90 days free of staying in a home they cannot pay for and do not deserve, artificially propping up prices, and preventing the proper discovery of prices. The fact is the state cannot afford lower prices, period, because there will be even less tax revenue. This state is completely and utterly scroomed. Ground Zero has a very Holy ( Hole-y ) meaning to it. will the truth be known soon ... Link to comment Share on other sites More sharing options...
T_Slim Posted June 15, 2009 Report Share Posted June 15, 2009 Trannies closed back under 3250, and at probably the most important pivot point of the year.....if bears take it here, I think gets ugly, and then uglier....if they don't, goin' back into my cave.... Am guessin' a little bounce, and then sayonara into the abyss... Anyone been following the forward shipping rates for 3rd qtr this year? Aint a pretty sight.... should be interesting to see if we get da finga on a pivot test K. anything jumping out on the currency front? had a feeling they were going to turn last night but was waiting for a clearer signal . . . Link to comment Share on other sites More sharing options...
jickiss Posted June 15, 2009 Report Share Posted June 15, 2009 jickiss is back! jickiss is back! and Dear Phat, tanks for your observation on FAZ....your jickiss thimks that the impetus to buy FAZ will crush the decay, but, let's wait to see.....after all, it is only Money! here is the KEY CHART on FAZ. Link to comment Share on other sites More sharing options...
K Wave Rider Posted June 15, 2009 Report Share Posted June 15, 2009 should be interesting to see if we get da finga on a pivot test K. anything jumping out on the currency front? had a feeling they were going to turn last night but was waiting for a clearer signal . . . Euro still on track to tag 1.37, which will be it's biggest pivot point of the year most likely....bull or bear, what's it gonna be??? Link to comment Share on other sites More sharing options...
Jimi Posted June 15, 2009 Report Share Posted June 15, 2009 Read analysis of that CA foreclosure moratorium that suggests it largely replicates at the state level some requirements already in place at the Federal level, and that as a result, all the servicers/lenders are already in compliance and that therefore the foreclosures will continue apace with little if any interruption. Link to comment Share on other sites More sharing options...
snorkels4 Posted June 16, 2009 Report Share Posted June 16, 2009 jickiss is back thanks but will technical analysis win? what a good target maybe based on xlf maybe 15? http://finance.yahoo.com/news/Administrati...set=&ccode= Obama's plan would create a council of regulators responsible for broad coordination across the financial system. Administration officials said it also would offer a stronger framework for investor protection. Industry officials expect the administration to propose a consumer protection entity to oversee products ranging from credit cards to annuities. Link to comment Share on other sites More sharing options...
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