2009-08-21 — blogspot.com
""It surprised us when we went from a state with a low level of subprime lending to a state with a high level of foreclosures," says Gerry Mildner, the director of the Center for Real Estate at Portland State University. "Most of our problems have to do with unemployment rather than with toxic loans."
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MortgageDrummer at 10:52 2009-08-22 said:
This is what I've been telling you guys. . . Back logs. . .Foreclosures?? That's putting it lightly. . you have got to be kidding???? The "banks" don't want to show us "their" balance sheet and "their" ytd p&l !!! Maybe "their" not solvent, , , do ya think?? I want to see ""their"" REO schedule and what the taxes and insurance payments are. . and how about proof of insurance on ""their REO!"" As Catherine said "Rip that bandaid off!!" :P "FDIC is broke" "The Dow's up. . up for sale??" It all happens late on Friday. . hummmmmm Permalinkcatherine at 00:46 2009-08-23 said:
MD you are soooooooooo right, the people who blamed subprime were crazy, THOSE PEOPLE WOULD HAVE SOLD THEIR PROPERTIES EVEN TO BREAK EVEN AND SAVE THEIR CREDIT................. they had lost their jobs or had medical problems or got divorces and couldn't sell their homes because their homes were underwater and while they were dying THE MEDIA AND OUR OWN INDUSTRY WERE BEATING THEM WITH STICKS ON THE WAY OUT..................... this is lava - it is going everywhere............and even if you are a GREAT STATE LIKE TEXAS you will still pay the tab for freaks like California............... I predicted 50% devaluation 2 years ago on the site everywhere, I think very sadly I did not predict low enough.................. Permalinkadd a comment | go to forum thread
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