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Apr 11th 2012 7:31PM I guess it pays to be stupid ( like me) regarding computer stuff...what you don't know won't really hurt ya!...Did anybody reading the above hotel guest's commentary really understand it?...GEEEEZE
Sep 8th 2009 6:56PM All this is so easy to understand....if you have more than a 31-33% all out debt ratio including all installment debt and mortgage as a ratio to your gross monthly income, then you're generally in deep enough if you're working for wages and not self employed....OH and by the way, written verification of income and employment is a necessity and that should never have been overlooked in recent years.....and who in the hell cares too much now about equity into the house...a zero down with good enough credit....the lender will get paid back...and the house ain't going any lower in value...Really simple...and there is no such thing as sub-prime lending...just look at the damn deal manually and throw away those computers all these young underwriters are using....
Oct 29th 2007 10:48PM too bad that people aren't smart enough to understand their mortgage documentation and lenders are so greedy with the closing costs, etc. on subprime stuff.....look at Countrywide....lay offs, biggest quarter loss ever and they're offering the highest rate in the country at 5.65% CD money at their bank...although FDIC insured, I wouldn't touch that one with a ten foot pole.....fed needs to raise rates.....not bail out people with bad credit to begin with..!