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Preview: Comments on: We’ve Definitely Entered The Scary Zone Of The Unknown

Comments on: We’ve Definitely Entered The Scary Zone Of The Unknown

Examining the home price boom and its effect on owners, lenders, regulators, real estate agents and the economy as a whole.

Published: Mon, 19 Feb 2018 01:08:04 +0000


By: Reno Renter

Sun, 12 Aug 2007 19:17:43 +0000

I totally agree. The average homeowner, who is not yet in trouble on their mortgage, has no clue. Believe me, we have alot of uninformed idiots out there in this country. I actually met a marketing director for a major Reno, Nevada casino who had no clue who Barack Obama is and the man was here in Reno about 2 months ago at a park about 2 blocks from her casino and over 4,000 people were in attendance. Related to the comment in this post where the guy tells people to go ahead and use their credit cards to come up with the down to buy the house, well, I was wondering why I am being besieged in the past 5 days with credit line extensions and new offers from the major credit card companies telling me about my new fortune in being able to buy a house, blah, blah, blah. Sick jerks.

By: shel

Sun, 12 Aug 2007 07:04:46 +0000

Y'all caught Cramer basically encouraging people to blame 7 million people losing their homes in the months to come on Lockhart, for demanding piddly little things like filing timely reports after a period of awful institution-wide problems?

By: shel

Sun, 12 Aug 2007 06:50:18 +0000

I agree...anybody have a contact email addy where comments in support of Erin could be sent? I presume Matthews' website has a commentary was so wrong. She handled it really well, but gee with Cramer blaming his screeching on the patterning of her dress (giraffe) and Matthews seeming to ask her to help him act out his (being generous with him) flirtation fantasies on air, leaving us with his evaluation that she is a 'knockout' (which she is, but it's not a reality-tv show or showbiz tonight they're broadcasting) instead of thanks for your input, this has got to have been a tough week for her.

By: shel

Sun, 12 Aug 2007 06:33:45 +0000

thanks for that info...I saw that Hilary has specified something about earmarking a billion for 'helping' people in this regard, haven't seen Obama's position, and have heard that John Edwards wanted to see increased oversight or even regulation (gasp) of mortgage lenders but I didn't see him talking about bailout money. I just don't want official bailout money to be part of the picture, for sure. Yeah, david cee, the only money I've given so far was to the Edwards campaign, and it was part of that flood he got after Elizabeth took Coulter to task for making personal attacks. cheers all!

By: moom

Sun, 12 Aug 2007 03:00:09 +0000

The way this works is the Fed lends enough money short term in order to keep the Fed Funds rate at the 5.25% they have targeted. The only variation is that this time they took mortgage backed securities as collateral. This is supposed to signal that this stuff (all agency issued stuff) is fine and has no problems. There is a lot of nonsense around about Fed actions...

By: W.D. Potter

Sat, 11 Aug 2007 22:53:36 +0000

I saw this as well and could not believe it. It was awkward, inappropriate and creepy--and made Chris appear to be nothing more than a dirty old man. I think it deserves an on-air apology from Chris and MSNBC. I really felt sorry for Erin.

By: LookinInLA

Sat, 11 Aug 2007 19:29:54 +0000

Why do I think that this was a multiple choice exam too. This means that on even the ones that they didn't know they had a 25% chance of getting the answer right. Sad...

By: david cee

Sat, 11 Aug 2007 16:18:06 +0000

Comment by joeyinCalif Please leave personal attacks out of this Real Estate Blog. Time for me to make another donation to the DNC

By: Professor Bear

Sat, 11 Aug 2007 15:35:40 +0000

So far, so good...

By: Consumer Mortgage Reports

Sat, 11 Aug 2007 15:35:18 +0000

I too agree that there needs to be a correction within the mortgage industry. With 11+ yrs experience, I've know what the mortgage banking and Wall Street influence has on congress/senate. Look at the money paper trail, we are going to look into who gets elected and who funds their campaign. I have a hard time believing that nobody saw this coming. There are some real smart people on Wall Street and money talks in Washington. We don't think there should be a welfare type bailout of any sort, where unknowing consumers get a free pass - if thats the case, I'm going to stop paying my mortgage too. However, if the Feds can stimulate the economy with a 'temporary' rate reduction, for maybe 6 months - we see this to be about the best answer. We know there is good/bad with this but the good outweighs the bad and the bad maybe be a recession NOBODY wants.

By: Professor Bear

Sat, 11 Aug 2007 15:33:54 +0000

"CEPR–the folks who decide when a recession happens." Nope -- wrong acronym. The folks who decide when a recession happens are the NBER.

By: Professor Bear

Sat, 11 Aug 2007 15:31:49 +0000

Now we get to reap the bitter harvest of a protracted period of official denial. Subprime is not looking very contained these days.