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B4 the Bell, Ilovebushday, Aug 17, 2004


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#46 rog

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Posted 17 August 2004 - 10:41 AM

"More than half of all homeowners who fall behind on payments on loans owned or are insured by the three largest players in the mortgage market are being offered financial rescue plans designed to save them from the horrors of foreclosure." http://www.washingto...-2004Aug13.html

It's no wonder that with consumer so stretched out we don't see the evidence in housing that one would expect. The question is: Is this an organized, sponsored, program to keep the housing market going or is this just the GSEs trying to avoid collapse? Some of these programs are absolutely ridiculous:

"long-term forbearance. It's the same idea as short-term forbearance, but deals with more serious delinquencies and allows suspension or reduction of payments for four and 12 months."
(Why not just send us a check when you get a chance? Better yet, take all of your monthly payments and buy NDX futures then just pay us back with the profits. See CNBS and late night infomercials for details.)

Partial claims. In certain cases, the FHA "advances" -- that is, pays -- the arrears owed by a delinquent borrower to bring the loan account current. In exchange, the borrowers sign a promissory note secured by the property to repay FHA when they sell the house or pay off the mortgage.
(Since you seem unable to afford this house we have decided to lend you more money???!!! WTF)

#47 longOnUranus

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Posted 17 August 2004 - 10:42 AM

This is all SWUP and Google run-up. Anticipation runs high. The media, trying to minimize and cool it down, is further evidence that tomorrow we will either see 1) impulse spike or 2) quick sell-off (NAZ). My guess is #1. Also, the short-term oil direction has reversed. No surprise that market momo would also do an about face.

Never mind the trade deficit or the fact that absolute oil prices are still near-record. It's all about momentum and robotics.

This CPI is a joke, although I knew the producers were sucking the margins in to keep the pump price down. As higher oil costs work their way in to other areas of manufacturing (plastics, etc.), it'll be interesting to see if they manage to keep the CPI lie afloat.

"Where there is an equation, there is a way" _Schmo Einstein, brother of Albert

#48 machinehead

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Posted 17 August 2004 - 10:45 AM

This is all SWUP and Google run-up. Anticipation runs high.

It's all about momentum and robotics.

Buy the rumor. Sell the news.

Wednesday would be a good turnaround day.
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#49 Bearman

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Posted 17 August 2004 - 10:46 AM

"More than half of all homeowners who fall behind on payments on loans owned or are insured by the three largest players in the mortgage market are being offered financial rescue plans designed to save them from the horrors of foreclosure."  http://www.washingto...-2004Aug13.html

It's no wonder that with consumer so stretched out we don't see the evidence in housing that one would expect. The question is: Is this an organized, sponsored, program to keep the housing market going or is this just the GSEs trying to avoid collapse? Some of these programs are absolutely ridiculous:

"long-term forbearance. It's the same idea as short-term forbearance, but deals with more serious delinquencies and allows suspension or reduction of payments for four and 12 months."
(Why not just send us a check when you get a chance? Better yet, take all of your monthly payments and buy NDX futures then just pay us back with the profits. See CNBS and late night infomercials for details.)

Partial claims. In certain cases, the FHA "advances" -- that is, pays -- the arrears owed by a delinquent borrower to bring the loan account current. In exchange, the borrowers sign a promissory note secured by the property to repay FHA when they sell the house or pay off the mortgage.
(Since you seem unable to afford this house we have decided to lend you more money???!!! WTF)

wow one big mess :o

they will pump till the well runs dry :angry:

they die in the end ,so they prolong it :angry:

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Posted 17 August 2004 - 10:46 AM

Here comes oil

#51 Pee Brain

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Posted 17 August 2004 - 10:47 AM

.... The companies which are laying off workers are doing so in order to retain bottom-line earnings. As a leading indicator of stock market over-valuation, consider this fresh report from the Bureau of Labor Statistics: “Employment in financial activities fell by 23,000 in July. The credit intermediation industry, which includes mortgage banking, shed 16,000 jobs over the month. Securities, commodity contracts, and investments lost 4,000 jobs.” .....

.... A contraction in new loan originations will have a dramatic effect, and not just on the health of mortgage companies. Lower earnings for this important sector will raise the consolidated price-to-earnings ratios of the major stock indexes. In a real estate contraction, the stock market and employment will adjust long before the main event, which is the collapse of real estate properties and valuations.


Real Estate - Looking good!


UNREAL ESTATE

i put in three offers on properties this past week and didnt get a nibble. one went into escrow (to dsomeone else) at FP, which if you knew the situation, you'd laugh. the other two offers were responded to by FP counter offers. one of these two offers was w/in 10% of ask, the other i admit was a bit low.
Iat least we're all safe for now. thank God we're in a bowling alley.

#52

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Posted 17 August 2004 - 10:48 AM

This is all SWUP and Google run-up. Anticipation runs high.

It's all about momentum and robotics.

Buy the rumor. Sell the news.

Wednesday would be a good turnaround day.

Arch Crawford is reportedly going 200% short tomorrow. He will be on O-Brien's show tonight.

#53 brian4

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Posted 17 August 2004 - 10:51 AM

Yes-Good point Rog- the same thoughts ran thru my mind when I read it. My Take is Fannie and Freddie and the major Banks simply can't afford to foreclose on any housing soooo as Bearman says they will pump until the wells run dry. ;)

#54 Pee Brain

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Posted 17 August 2004 - 10:51 AM

Partial claims. In certain cases, the FHA "advances" -- that is, pays -- the arrears owed by a delinquent borrower to bring the loan account current. In exchange, the borrowers sign a promissory note secured by the property to repay FHA when they sell the house or pay off the mortgage.
(Since you seem unable to afford this house we have decided to lend you more money???!!! WTF)


AROUND THE OFFICE AT FHA, THIS IS KNOWN AS THE ARGENTINE STRATEGY :lol:
Iat least we're all safe for now. thank God we're in a bowling alley.

#55 soup

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Posted 17 August 2004 - 10:56 AM

rog: I do not jnow what to think. We know they will fight to the end, and hell the gse's never produce accurate financial statements. All I can say is the bubble was bigger than even I thought.
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#56 Drano

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Posted 17 August 2004 - 10:56 AM


Partial claims. In certain cases, the FHA "advances" -- that is, pays -- the arrears owed by a delinquent borrower to bring the loan account current. In exchange, the borrowers sign a promissory note secured by the property to repay FHA when they sell the house or pay off the mortgage.
(Since you seem unable to afford this house we have decided to lend you more money???!!! WTF)


AROUND THE OFFICE AT FHA, THIS IS KNOWN AS THE ARGENTINE STRATEGY :lol:

How ironic to think that Argentina's name was derived from the Latin root for "silver." If only they had had a silver-backed currency......
Of course I'm caustic!

#57 soup

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Posted 17 August 2004 - 10:57 AM

When is google free to trade?
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#58 Jimi

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Posted 17 August 2004 - 11:01 AM

When is google free to trade?

Press rumors have it that it will be priced tonight after the close and begin trading tomorrow,
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#59 brian4

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Posted 17 August 2004 - 11:02 AM

Launch the Anvil Scotty- Aye Capt... anvil away-Blast Shield up all ahead full-she's going to blow!

#60 HiHat

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Posted 17 August 2004 - 11:10 AM

one would hope that the "help"..with mortgages is going on credit reports

if i found out otherwise.....well let's just say it would engender more contempt
for "system", i already have

not mean-spirited..........but god-damnit..........all those who play square by
rules are penalized to pay for this deadbeat shyt........which really is a
social subsidy to POLITICAL ESTABLISHMENT.........to contain the utter
SOCIALISTIC wingohockingmoyamensing-up they have promulagated.





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