Obama is setting us up for another housing-market collapse

[richard_daily]

PS. Why don't you go tell the appraisal Institute that the nation's appraisers are all calling themselves the wrong thing that they're really assessors

That when they perform appraisals there actually assessors not appraisers.

When one assesses value you are assigning a value upon which the tax will be based. Some states that might match appraised value (ad valorom assessment) some states it does not.

Now be a man and admit you haven't got the slightest idea other than what you have read in some headlines and heard from politicians.

If you are aware of any falsified value on an APPRASAL in connection with a Federally insured loan you should have reported that felony.

When you get your "assessed value" in the mail from the tax assessor, go ahead and market your property for that "correct" amount.

Why would a "tax assessor" to an appraisal for property valuation? They're not assessing the taxes, they're assessing a market value. Taxes are handled at the county level for income for the county.

You're a complete joke.

If you ever get a clue about how things actually work in the world, get back to me.

 

[nerfhearder]

Tax assessors don't assess property values.

Yes they do.

 

[Que]

Why would a "tax assessor" to an appraisal for property valuation? They're not assessing the taxes, they're assessing a market value. Taxes are handled at the county level for income for the county.

You're a complete joke.

If you ever get a clue about how things actually work in the world, get back to me.

Oh, I see. You, like I, have passed licensure and certification by the State and appraised real property for a period of ten years?

Appraiser is the occupation you are thinking of. The fact that you, a person completley unfamiliar with the inner workings of the industry and have only seen it from the perspective of a few minor transactions is no shame. The shame is that you keep insisting you're right when a simple Google will tell you what an assessor does.

The jobs are different because the methodology in arriving at value are different. Assessors consider utility, size and broad definitions of neighborhood to make future projections as to what a property might be worth if it were sold. Appraisers look at specific properties and their unique features and compare to historical sales data, cost of building a replacement, and the value of a potential income stream. Assessors do none of that.

 

[Que]

http://http://www.investopedia.com/terms/l/liar_loan.asp

Here are the loans that Dick Daily says did not exist because he got them.

 

[richard_daily]

Oh, I see. You, like I, have passed licensure and certificaion by the State and appraised real property for a period of ten years?

Appraiser is the person are thinking of. The fact that you, a person completley unfamiliar with the inner workings of the industry and have only seen it from the perspective of a few minor transactions is no shame. The shame is that you keep insisting you're right when a simple Google will tell you what an assessor does.

The jobs are different because the methodology in arriving at value are different. Assessors consider utility, size and broad definitions of neighborhood to make future projections as to what a property might be worth if it were sold. Appraisers look at specific properties and their unique features and compare to historical sales data, cost of building a replacement, and the value of a potential income stream. Assessors do none of that.

You know, maybe it was just a typo originally, and now you're too proud to admit that you made a mistake, but you're continuously proving that you're a man of little worth.

You made a mistake. Own up to it, admit it, and we can move on.

 

[M. Jordan]

Although there has been a loosening of loan qualifications in the last year or so, the foreclosure rates are still very good across the country. In its current state, the housing market could remain quite strong for some time and just make the normal adjustments based on supply and demand. What we saw in late 2006 through 2008 just isn't out there now. There were some real signs of shaky indicators in early 2007 which were a prelude to the big disaster.

 

[Que]

You know, maybe it was just a typo originally, and now you're too proud to admit that you made a mistake, but you're continuously proving that you're a man of little worth.

You made a mistake. Own up to it, admit it, and we can move on.

?????

 

[richard_daily]

?????

That shtick is pretty worn-out.

 

[Que]

That shtick is pretty worn-out.

So you are, basically, an overly aggressive Sgt Spidey?

Declaring victory doesn't cover the ignomy of being demonstrably wrong and simply shouting, "Nuh,UHHH!"

 

[digitalia]

Could the Financial Crisis Repeat Itself?
http://www.nationalreview.com/article/396698/could-financial-crisis-repeat-itself-michael-barone

Could it happen again? Wallison points out that government regulators are once again reducing the credit standards for mortgage seekers. The argument, as in the 1990s and 2000s, is that traditional standards are misleading and unduly prevent low-income and minority households from buying homes. Fannie and Freddie are now purchasing the large majority of mortgages and announced last month they would buy mortgages with only 3 percent down payments. The qualified mortgage standards laid down by HUD and other regulators in October allowed for mortgages with zero down payments. That sounds like a recipe for another housing bubble — and for mass foreclosures, which hurt the policies’ intended beneficiaries; and perhaps for another financial crisis, as well.

Some of the very same, significant symptoms, as you can read, are present again.

This time, though, the Fed and Fannie Mae are now the top two asset holders in the USSA (instead of the Big 4 banks pre-2008), and the federal government itself directly backs 80% of all mortgages.

So, if the bubble bursts this time, it'll be for the same, devious reasons and the only thing that'll be significantly different time is that instead of Congress having to indirectly finagle taxpayer money to cover the big Banks' butts, there's no middle man now since the taxpayers are now directly liable for so many mortgage defaults.

Best layman education about the first POP lies in the plot of "The Big Short", which is also one of the most entertainingly enjoyable films I've ever seen.

You'll just as easily be able to ID dick in it, too...

 

[M. Jordan]

Could the Financial Crisis Repeat Itself?
http://www.nationalreview.com/article/396698/could-financial-crisis-repeat-itself-michael-barone



Some of the very same, significant symptoms, as you can read, are present again.

This time, though, the Fed and Fannie Mae are now the top two asset holders in the USSA (instead of the Big 4 banks pre-2008), and the federal government itself directly backs 80% of all mortgages.

So, if the bubble bursts this time, it'll be for the same, devious reasons and the only thing that'll be significantly different time is that instead of Congress having to indirectly finagle taxpayer money to cover the big Banks' butts, there's no middle man now since the taxpayers are now directly liable for so many mortgage defaults.

Best layman education about the first POP lies in the plot of "The Big Short", which is also one of the most entertainingly enjoyable films I've ever seen.

You'll just as easily be able to ID dick in it, too...

That article overstates the reality of what is happening out there. Easy money was available to nearly everyone for nearly everything. That's just not the case as of yet. It may change but, I watch this stuff every day and its not in full swing now. Although it has loosened as of late, the first years after the crash were unsustainable and were crushing the housing market. Bigger borrowers were not active in the market either for the same reasons, at least now there is activity.

 

[NeverEndingMe]

you are a special little retard

That article overstates the reality of what is happening out there. Easy money was available to nearly everyone for nearly everything. That's just not the case as of yet. It may change but, I watch this stuff every day and its not in full swing now. Although it has loosened as of late, the first years after the crash were unsustainable and were crushing the housing market. Bigger borrowers were not active in the market either for the same reasons, at least now there is activity.

 

[Que]

That article overstates the reality of what is happening out there. Easy money was available to nearly everyone for nearly everything. That's just not the case as of yet. It may change but, I watch this stuff every day and its not in full swing now. Although it has loosened as of late, the first years after the crash were unsustainable and were crushing the housing market. Bigger borrowers were not active in the market either for the same reasons, at least now there is activity.

Agree we aren't there yet, but the path is the same and there are no regilations in place to prevent the same lowering of standards.

The easy money was the fuel, investors flipping houses (not rehabs, straight flips) lit the matches. Agree there is not nearly that furor of activity, and would be hard to acheive again.

 

[richard_daily]

So you are, basically, an overly aggressive Sgt Spidey?

Declaring victory doesn't cover the ignomy of being demonstrably wrong and simply shouting, "Nuh,UHHH!"

And yet, you do it day in and day out.

 

[NeverEndingMe]

because you are a retard, I'll give you another bit of information. Freddy and Fanny will go bankrupt ... again.

you obama people are fucking retards

And yet, you do it day in and day out.

 

[M. Jordan]

because you are a retard, I'll give you another bit of information. Freddy and Fanny will go bankrupt ... again.

you obama people are fucking retards

is it just me or, doesn't it seem that you NEVER have anything of substance to say, only stupid fucking insults. You know, like a child?

 

[WalksOnWater]

is it just me or, doesn't it seem that you NEVER have anything of substance to say, only stupid fucking insults. You know, like a child?

"substance" enough for you not to be able to hold yourself back from directly responding.

 

[M. Jordan]

"substance" enough for you not to be able to hold yourself back from directly responding.

Only because I have watched this half witted, wannabe porn author post this shit for years under various names. I guess at some point I expect something real and not the childish insults. But why would I, you're here.

 

[WalksOnWater]

Only because I have watched this half witted, wannabe porn author post this shit for years under various names. I guess at some point I expect something real and not the childish insults.

You expect her to change for you? I mean, even after all these years and how familiar you seem to be of her even today?

Why don't you just take responsibility for your own change, starting by mentally ignoring her postings (or use iggy if you're even too weak to do that) so you can finally shed your need to keep inanely telling inanity that it is inane, too?

 

[M. Jordan]

You expect her to change for you? I mean, even after all these years and how familiar you seem to be of her even today?

Why don't you just take responsibility for your own change, starting by mentally ignoring her postings (or use iggy if you're even too weak to do that) so you can finally shed your need to keep inanely telling inanity that it is inane, too?

Oh, how profound.

 

[NeverEndingMe]

is it just me or, doesn't it seem that you NEVER have anything of substance to say, only stupid fucking insults. You know, like a child?

Well, you are a special kind of retard. a true mental defective of the obama kind

 

[NeverEndingMe]

Only because I have watched this half witted, wannabe porn author post this shit for years under various names. I guess at some point I expect something real and not the childish insults. But why would I, you're here.

Now you are a writing fantasy fiction. Awesome! In the end, another year has gone by and what have you accomplished? Nothing. why? Cuz you are a retard

You are still in debt and still have no hope of a future.

 

[M. Jordan]

Now you are a writing fantasy fiction. Awesome! In the end, another year has gone by and what have you accomplished? Nothing. why? Cuz you are a retard

You are still in debt and still have no hope of a future.

Thanks for proving my point. How's your growing area? Ok I hope.

 

[WalksOnWater]

Oh, how profound.

Translated:

Obviously, no matter how much I whine about how she "NEVER" has "anything of substance to say", I still read every single word of hers so I can then whine again about how she "NEVER" has "anything of substance to say".

 

[smartjuanxxx]

in other words

no matter what banks do

they will be sued


EVERYTHING SEEMINGLY IS SPINNING OUT OF CONTROL. “How Regulators Mess With Bankers’ Minds, and Why That’s Good,” according to — but of course — the New York Times:

The regulators deliberately did not communicate the exact things the banks needed to do for their plans to pass muster. In this way, they kept them on their toes — and treating powerful banks this way may end up playing a surprisingly important role in keeping the financial regulation effective over time.