Mr Mortgage – Home Equity Delinquencies Surge

October 6, 2008 by · 25 Comments
Filed under: Blog 

Check out my new blog…

http://mrmortgage.ml-implode.com

S&P, BofA and Fitch all concur that the ‘Home Equity Implosion’ is knocking on, or kicking down rather, the front door.

Duration : 0:6:22


[youtube 3NOHJPxGGlk]

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Comments

25 Responses to “Mr Mortgage – Home Equity Delinquencies Surge”
  1. markmti says:

    Hi Jim – leverage …
    Hi Jim – leverage means many things to the banks as you have learned but primarily the amount of debt used to try and achieve returns.

  2. jim9847 says:

    Mr. Mortgage,

    Can …
    Mr. Mortgage,

    Can you give me a definition of leverage? What is it? How is it used/created? What are the dangers and why would someone desire it?

  3. rcmtgs says:

    FYI, I heard …
    FYI, I heard Fremont went to 4% on nego, my Mom heard on news Wells went to 4% on nego, but heard today someone got their 7.75 went to 7%, going to suggest he nego better. I don’t think it’s fair if your scores have always been low to go to 4% but hey if you can get it go for it! My Mom who has perfect credit & 5.75 from Nov ’07 refi wants 4% now too. lol

  4. markmti says:

    seems like forever.
    seems like forever.

  5. visionvictory says:

    Went to Costco …
    Went to Costco today, NO RICE. LOW ON WHEAT, SALT, SUGAR, and Veg. Oil.

    This is real time.

  6. jim9847 says:

    How long can these …
    How long can these banks keep this bad paper before they are forced by necessity to finally openly declare their losses?

  7. markmti says:

    hopefully hot elvis …
    hopefully hot elvis and not 1977 elvis.

  8. donpedrosan says:

    “percent?” or …
    “percent?” or percentage points? I can’t make oyt from the monologue. Please explain here (if you have time)

  9. r0h1tp says:

    Appreciate your …
    Appreciate your sharing this info and exposing the hype.

  10. 7bb7b says:

    You look like Elvis …
    You look like Elvis!!!

    I wondered all these times who you look like!!! do you sing?

    Youre Elvis Presley of the Mortgage industry!!

    LOL

  11. idahotandj says:

    I found the answer …
    I found the answer to my question on your blog, at the very end of the article titled ” Mar existing home sale” ( The only way out of all of this remains a national recuction of mortgage balances for everyone).

    I am all over that!

  12. idahotandj says:

    If people start …
    If people start seeing banks selling the debt back for cents on the dollar to some,would that not cause more people to default on purpose.

    Where does it end man where does it end?

  13. ioniancat says:

    Thank you for the …
    Thank you for the truth, it’s refreshing to hear……

  14. pejvan says:

    seems like …
    seems like everybody is kind of aware of the critical situation in the US. The Dow being pegged to 12,500 makes me feel like we are going to have on top of this crisis a financial krach.. it is going to become messy… and I don’t think Helicopter Ben is seeing the problem…

  15. sharkee69 says:

    Great info. Many …
    Great info. Many people are upside down and don’t realize it or are in denial. Who can actually qualify for a home loan now with no more Stated Income, sub-prime, HELOCs, or 100% financing loans? The foreclosures are definitely going to reach epidemic proportions in the near future.
    Regards,
    Sharkee

  16. visionvictory says:

    Great info, your …
    Great info, your doing a great job informing people. keep it up.

  17. mliu03 says:

    Great stuff, …
    Great stuff, deserve 5 stars!!!

  18. makoshark123456 says:

    don’t believe the …
    don’t believe the hype. right on! thanks for your efforts.

  19. youstwo says:

    Great Information! …
    Great Information! Thank you.

    CHL

  20. badonkadonk34 says:

    Thanks Mark. Keep …
    Thanks Mark. Keep it up.

  21. THolleyH46 says:

    Absolute Gospel …
    Absolute Gospel Brother, keep on talking it up.

  22. iam420king says:

    Passing it around. …
    Passing it around.

    Well done, Sir.

  23. jerabekk66 says:

    Mr. Mortgage is …
    Mr. Mortgage is showing a way for the little guy not to get completely screwed.

    Pass it around

  24. xxx12345yyy says:

    Poetic justice for …
    Poetic justice for the banks, em…too bad we are printing money to bail them out. I guess gas will be $10/gal before this is over.

  25. MedDocOnLine says:

    markmti:

    According …
    markmti:

    According to the data, when will the next big forclosure wave hit US? Is it in this summer or the end of this year when most of household need to pay higher interest rate for the mortgage? I am waiting for the time to buy a house, but I need to know when will be the safe time.

    Thanks

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