...what a c-unit.

[its_bacon12 10+ year member]

You should stop typing.

I agree with his ideas, but not with the actions.

And you're experience in obtaining the mortgage is a direct cause of this (if it's been in the past ~8 months).

Countrywide was the first to go, and the lent the most of these risky loans, shown by their dramatic write downs of toxic assets in June and July last year.

Another prime (no pun intended) cause of the meltdown is these loans were given at a teaser, variable rate. As soon as some defaulted, the equations used for the interest rates kicked up the variable rates, often doubling the monthly payment. The result was a cycle that destroyed some banks balance sheets and cash reserves, sending them to chapter 11.

But this is a severe tangent, we can continue the immigrant discussion if you'd like.

 

[its_bacon12 10+ year member]

And thats because the million people before you ****ed it up royally, now all is scrutinized.
My favorite was when I had my house appriased, appraiser walked in, asked what it needed to appraise at, and started writing... //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

All bubbles burst eventually. The economy cannot sustain any bubble created artificially outside of the regular market.

 

[its_bacon12 10+ year member]

The good part is that all bursts eventually level out and the market is restored to increasing at an average rate near inflation.

 

[oldschool4me 10+ year member]

Apparently not.


All of my paperwork has been gone over with a fine toothed comb.

i was a loan officer for about a year or so and my mother was in the business for most of her life and they had what we called drug dealer loans. basically its conventional with 30 percent down. no income verification. put the cash down, fill in the blanks and its yours. this was about 10 years ago so it may be different now.

 

[oldschool4me 10+ year member]

You should stop typing.

the shooting thing was a joke but is true.

if your not an illegal alien why would you not agree with what i stated aside from the shooting joke. //content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif

 

[tjbartjr 10+ year member]

here

ROSWELL, Ga. — Like all illegal immigrants, Lorenzo Jimenez knew the knock on the door from immigration agents could come at any time.

Still, he had enough faith in the American dream to buy a house in this Atlanta suburb, even though signing the papers meant raising the risk: He put his 2-year-old, American-born daughter's name and Social Security number on the title.

And it worked, for a while. Jimenez and his family lived happily enough for several years alongside "regular" citizens.

Nicole Griffin's mom lived a few doors away, and when Griffin visited, she said, her kids played with the Jimenez children. When Jimenez put his four-bedroom, two-bathroom home up for sale last spring, wanting more space, Griffin was immediately interested.

A contract was negotiated but when the sale appeared to go sour, Griffin raised a new issue: that she was a citizen and Jimenez wasn't. She told local media, immigration officials, his boss and others that he was here illegally. She even put signs in the yard of the house exposing his residency status.

As a result, agents came knocking last month, and now Jimenez is fighting to keep from being deported. He also lost his job.

I'll bet she went to church afterward and prided herself on what a good "Christian" she is too, in typical Southern fashion. It's one thing to give an anonymous tip to INS; it's quite another to totally sell him up the river like that.

 

[Loud3 10+ year member]

the shooting thing was a joke but is true. if your not an illegal alien why would you not agree with what i stated aside from the shooting joke. //content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif

The shooting joke was what made me type that.

...and what if I am illegal?

 

[scarolinablazin 10+ year member]

YAY deport all the illegal pieces of shit. i wouldn't care if he was paying 40 billion a year in taxes; he doesn't DESERVE to be here. should be legal to shoot on site if they can't show proof of being here LEGALLY.

 

[Flipx99 5,000+ posts]

I'll bet she went to church afterward and prided herself on what a good "Christian" she is too, in typical Southern fashion. It's one thing to give an anonymous tip to INS; it's quite another to totally sell him up the river like that.

I am glad she did it. I am sure there are illegal aliens in my neighborhood. If so, I would like to know.