"4 weeks and then all hell breaks loose"

NEW -> Contingent Buyer Assistance Program
[quote author="NewportSkipper" date=1252025010][quote author="no_vaseline" date=1252024785][quote author="NewportSkipper" date=1252020249]Damn, I feel like a one-armed....no.....paperhanger.</blockquote>


Graph's article says nothing of the sort. You're making things up again.</blockquote>


It says exactly that. Go read it again.</blockquote>


It says nothing of the sort. Stop lying.
 
[quote author="graphrix" date=1252028102][quote author="NewportSkipper" date=1252027394][quote author="graphrix" date=1252025837][quote author="NewportSkipper" date=1252025575]Nothing paint can't fix.</blockquote>


Actually, the CC&R's state you are stuck with salmon stucco forever!



How is Woodbury doing on prices again? FOCUS!</blockquote>


I don't have time, but I'll check it out.



The CCRs say nothing of the kind. There are homes painted gold and yellow and brown over there too. What color works for you?



My monkey has the day off, what color is this?



http://www.redfin.com/CA/Irvine/1508-Reggio-Aisle-92606/home/5704165</blockquote>


HOAs or CC&Rs; do restrict paint colors. Give it up, I think the homes in Westpark are fugly, no matter what the color is.



And... dude... the chimney is painted salmon...



http://media.cdn-redfin.com/photo/46/bigphoto/075/S563075_1.jpg



It looks like someone vomited up their sushi and sprayed it all over the stucco there.</blockquote>


Very funny. Ok, the chimney is painted salmon, but the ones behind it are yellow. You have to have salmon represented somewhere. It is, afterall, in the People's Republic of Irvine.



How do you insert that picture?
 
[quote author="no_vaseline" date=1252029236][quote author="NewportSkipper" date=1252025010][quote author="no_vaseline" date=1252024785][quote author="NewportSkipper" date=1252020249]Damn, I feel like a one-armed....no.....paperhanger.</blockquote>


Graph's article says nothing of the sort. You're making things up again.</blockquote>


It says exactly that. Go read it again.</blockquote>


It says nothing of the sort. Stop lying.</blockquote>


What does this say?



"These loss mitigation and foreclosure prevention efforts taken in Q109 and Q209 so far outperform the efforts taken in all of last year. Modifications made in the first two quarters of 2009 experienced lower redefault rates in their initial three months than those modifications made in every quarter of 2008."
 
[quote author="NewportSkipper" date=1252029368]How do you insert that picture?</blockquote>


For me, all I do is right click on the pic and click on "Copy Image Location", then I come back here and hit control-V or right click and select paste.
 
[quote author="NewportSkipper" date=1252029543][quote author="no_vaseline" date=1252029236][quote author="NewportSkipper" date=1252025010][quote author="no_vaseline" date=1252024785][quote author="NewportSkipper" date=1252020249]Damn, I feel like a one-armed....no.....paperhanger.</blockquote>


Graph's article says nothing of the sort. You're making things up again.</blockquote>


It says exactly that. Go read it again.</blockquote>


It says nothing of the sort. Stop lying.</blockquote>


What does this say?



"These loss mitigation and foreclosure prevention efforts taken in Q109 and Q209 so far outperform the efforts taken in all of last year. Modifications made in the first two quarters of 2009 experienced lower redefault rates in their initial three months than those modifications made in every quarter of 2008."</blockquote>


Nice cherry pick! No kidding they preform better - they 2008 stuff has had a chance to redefault. The '09 vintage garbage isn't rotted yet!



Here's the rest of the article you ignored:



<blockquote>?[T]he percentage of 90-day or greater delinquent loans rolling to foreclosure status has decreased from 2007 and 2008 levels; however those loans not referred into foreclosure continue to roll to the <strong>next stage of delinquency, showing the volume of at-risk loans worsening</strong>,? LPS said. ?<strong>Meanwhile, the absolute volume and percentage of foreclosure starts relative to the total number of active loans continues to increase as well</strong>.?</blockquote>


If the absolute volume and percentage of foreclosure stats continue to increase, that means the cure rate is getting WORSE!
 
[quote author="no_vaseline" date=1252030245][quote author="NewportSkipper" date=1252029543][quote author="no_vaseline" date=1252029236][quote author="NewportSkipper" date=1252025010][quote author="no_vaseline" date=1252024785][quote author="NewportSkipper" date=1252020249]Damn, I feel like a one-armed....no.....paperhanger.</blockquote>


Graph's article says nothing of the sort. You're making things up again.</blockquote>


It says exactly that. Go read it again.</blockquote>


It says nothing of the sort. Stop lying.</blockquote>


What does this say?



"These loss mitigation and foreclosure prevention efforts taken in Q109 and Q209 so far outperform the efforts taken in all of last year. Modifications made in the first two quarters of 2009 experienced lower redefault rates in their initial three months than those modifications made in every quarter of 2008."</blockquote>


Nice cherry pick! No kidding they preform better - they 2008 stuff has had a chance to redefault. The '09 vintage garbage isn't rotted yet!



Here's the rest of the article you ignored:



<blockquote>?[T]he percentage of 90-day or greater delinquent loans rolling to foreclosure status has decreased from 2007 and 2008 levels; however those loans not referred into foreclosure continue to roll to the <strong>next stage of delinquency, showing the volume of at-risk loans worsening</strong>,? LPS said. ?<strong>Meanwhile, the absolute volume and percentage of foreclosure starts relative to the total number of active loans continues to increase as well</strong>.?</blockquote>


If the absolute volume and percentage of foreclosure stats continue to increase, that means the cure rate is getting WORSE!</blockquote>


No, it means they are in process.
 
You called me a liar and you defend it by calling me a cherry picker?
 
[quote author="NewportSkipper" date=1252031575]You called me a liar <strong>then I prove I am when I admit to being a</strong> cherry picker?</blockquote>


Fixed that for you.
 
[quote author="NewportSkipper" date=1252029543][quote author="no_vaseline" date=1252029236][quote author="NewportSkipper" date=1252025010][quote author="no_vaseline" date=1252024785][quote author="NewportSkipper" date=1252020249]Damn, I feel like a one-armed....no.....paperhanger.</blockquote>


Graph's article says nothing of the sort. You're making things up again.</blockquote>


It says exactly that. Go read it again.</blockquote>


It says nothing of the sort. Stop lying.</blockquote>


What does this say?



"These loss mitigation and foreclosure prevention efforts taken in Q109 and Q209 so far outperform the efforts taken in all of last year. Modifications made in the first two quarters of 2009 experienced lower redefault rates in their initial three months than those modifications made in every quarter of 2008."</blockquote>


<a href="http://www.loanmodnews.com/news/fewer-delinquent-mortgage-borrowers-are-catching-up/">Fewer Delinquent Mortgage Borrowers Are Catching Up</a>



Link is to Loan MOD News your leader in Loan modification news.



<blockquote>Fitch found that the cure rate for prime loans dropped to 6.6% as of July from an average of 45% for the years 2000 through 2006. For Alt-A loans ? a category between prime and subprime that typically involves borrowers who don?t fully document their income or assets ? the cure rate has fallen to 4.3% from 30.2%. For subprime, the rate has declined to 5.3% from 19.4%.</blockquote>


<blockquote>Cure rates have plunged despite the Obama administration?s prodding of banks to ease the terms of mortgages for millions of borrowers to try to prevent foreclosures. Without those loan-modification efforts, the cure rates would be even lower.</blockquote>


It is a pretty interesting read if you have 2 minutes.
 
[quote author="trrenter" date=1252032267]What does this say?



<blockquote>"These loss mitigation and foreclosure prevention efforts taken in Q109 and Q209 so far outperform the efforts taken in all of last year. Modifications made in the first two quarters of 2009 experienced lower redefault rates in their initial three months than those modifications made in every quarter of 2008."</blockquote>


<a href="http://www.loanmodnews.com/news/fewer-delinquent-mortgage-borrowers-are-catching-up/">Fewer Delinquent Mortgage Borrowers Are Catching Up</a>



Link is to Loan MOD News your leader in Loan modification news.



<blockquote>Fitch found that the cure rate for prime loans dropped to 6.6% as of July from an average of 45% for the years 2000 through 2006. For Alt-A loans ? a category between prime and subprime that typically involves borrowers who don?t fully document their income or assets ? the cure rate has fallen to 4.3% from 30.2%. For subprime, the rate has declined to 5.3% from 19.4%.</blockquote>


<blockquote>Cure rates have plunged despite the Obama administration?s prodding of banks to ease the terms of mortgages for millions of borrowers to try to prevent foreclosures. Without those loan-modification efforts, the cure rates would be even lower.</blockquote>


It is a pretty interesting read if you have 2 minutes.</blockquote>


You picked the wrong...



http://www.callabletreeservice.com/images/cherry_tree.jpg
 
[quote author="graphrix" date=1252033589][quote author="trrenter" date=1252032267]What does this say?



<blockquote>"These loss mitigation and foreclosure prevention efforts taken in Q109 and Q209 so far outperform the efforts taken in all of last year. Modifications made in the first two quarters of 2009 experienced lower redefault rates in their initial three months than those modifications made in every quarter of 2008."</blockquote>


<a href="http://www.loanmodnews.com/news/fewer-delinquent-mortgage-borrowers-are-catching-up/">Fewer Delinquent Mortgage Borrowers Are Catching Up</a>



Link is to Loan MOD News your leader in Loan modification news.



<blockquote>Fitch found that the cure rate for prime loans dropped to 6.6% as of July from an average of 45% for the years 2000 through 2006. For Alt-A loans ? a category between prime and subprime that typically involves borrowers who don?t fully document their income or assets ? the cure rate has fallen to 4.3% from 30.2%. For subprime, the rate has declined to 5.3% from 19.4%.</blockquote>


<blockquote>Cure rates have plunged despite the Obama administration?s prodding of banks to ease the terms of mortgages for millions of borrowers to try to prevent foreclosures. Without those loan-modification efforts, the cure rates would be even lower.</blockquote>


It is a pretty interesting read if you have 2 minutes.</blockquote>


You picked the wrong...



<img src="http://k53.pbase.com/o4/22/364822/1/64659950.6IjFuPn0.fly1.jpg" alt="" /> </blockquote>


Since we're on the topic of cherries, rotting fruit, and the end result of "extend and pretend" loan modifications, I fixed that for you.
 
<img src="http://pinchmysalt.files.wordpress.com/2006/12/mini-cherry-cheesecakes.jpg" alt="" />



Hey I picked the right Cherry it shows that cure rates are alarmingly low and would be lower without the loan mods. Which 25% end up back in foreclosure.
 
Copy image location? I don't have an option like that. I wanted to copy your cherry tree. I'm astonished that I have never seen one of those in my entire life (with cherries on it, anyway).



Maybe the cure rate isn't showing the loans in trial modification or in the long, complicated processing window. Does anyone deny that real foreclosures are in fact down, regardless of reason, in Orange County? It is too soon to declare what the final result will be.
 
[quote author="NewportSkipper" date=1252035231]Copy image location? I don't have an option like that. I wanted to copy your cherry tree. I'm astonished that I have never seen one of those in my entire life (with cherries on it, anyway).



Maybe the cure rate isn't showing the loans in trial modification or in the long, complicated processing window. Does anyone deny that real foreclosures are in fact down, regardless of reason, in Orange County? It is too soon to declare what the final result will be.</blockquote>


<a href="http://www.irvinehousingblog.com/forums/viewthread/2018/">Read this Thread it shows how to do everything</a>



Above link shows you how to add pics etc.
 
[quote author="NewportSkipper" date=1252035231]Copy image location? I don't have an option like that. I wanted to copy your cherry tree. I'm astonished that I have never seen one of those in my entire life (with cherries on it, anyway).</blockquote>


<a href="http://www.mozilla.com/en-US/firefox/personal.html">Go download Firefox</a>, IE is for losers or monkeys with two arms.



<blockquote>Maybe the cure rate isn't showing the loans in trial modification or in the long, complicated processing window. Does anyone deny that real foreclosures are in fact down, regardless of reason, in Orange County? It is too soon to declare what the final result will be.</blockquote>


Down from what? All time record highs? Sure, they are down a little bit, but not much. Plus, last month and this month will still be above the all time high of 96, and seriously... it is not going to get any better. Loan mods or not, it isn't going to help much. I say purge the system. That's what the guberment did in 95, and look what happened... 96 was the bottom once the banks just purged the losers from their system. Until they decide that is the best course of action... well... the can just keeps getting kicked on down the road.
 
[quote author="NewportSkipper" date=1252035231]Copy image location? I don't have an option like that. I wanted to copy your cherry tree. I'm astonished that I have never seen one of those in my entire life (with cherries on it, anyway).



Maybe the cure rate isn't showing the loans in trial modification or in the long, complicated processing window. Does anyone deny that real foreclosures are in fact down, regardless of reason, in Orange County? It is too soon to declare what the final result will be.</blockquote>


The forclosures will follow this graph. When we get past capitulation. Which I think is still in front of us.

Then you can say the we have seen bottom. This whole loan modification thing is like "Voodoo". Something for unemployed

Mortgage Brokers and Lazy Lawyers to scam as the new way to make easy money.



Until the prices of houses stop falling and unemployment stops growing. Modification is not going to save anything

or make any real difference in the Forclosure Rates. I forgot to add what higher interest rates are going to do

to this entire market as well. Its not going to help. Thats for sure. Thats the big boogie man in the wings.



<img src="http://www.bltserv.com/images/cycleofemotion.gif" alt="" />
 
[quote author="trrenter" date=1252035362][quote author="NewportSkipper" date=1252035231]Copy image location? I don't have an option like that. I wanted to copy your cherry tree. I'm astonished that I have never seen one of those in my entire life (with cherries on it, anyway).



Maybe the cure rate isn't showing the loans in trial modification or in the long, complicated processing window. Does anyone deny that real foreclosures are in fact down, regardless of reason, in Orange County? It is too soon to declare what the final result will be.</blockquote>


<a href="http://www.irvinehousingblog.com/forums/viewthread/2018/">Read this Thread it shows how to do everything</a>



Above link shows you how to add pics etc.</blockquote>


I miss Nude. :(
 
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