Upon further review this comment is entirely . less.

May Tony Snow visited him....

everything you need to know from that article is summed up by the Kid
at the 35 sec. mark...
YouTube - The high school 'Beat Down' scene from The Family starring Robert De Niro (comedy)
...
can't say the Duke ain't spreading the Christmas cheer! Duke Point


*DeMarco correctly saw his job as protecting taxpayers, but like so many pinched denizens *

I'm confused. Is covering your ass last century?

DeMarco? Johnny Depp did a masterful job of portraying him.
...
last person on this blog don't forget to turn the lights out Wink

Dont forget the Last Person Mash Up, FPS Edition,,,,

I think the increase in fees will stick.
Gov wants out of the mortgage biz.

The banks want nothing to do with loans they can't flip to F&F the same day.

The little guy will just have to pay more if he can afford it at all.
Bigger fish will be just fine.

almost saw a midnight show of American Hustle last night in Times Square
but when the news came over about the demise of Al Goldstein

josap wrote:

I think the increase in fees will stick.

Keep turning the screws until Congress decides it needs to do something.

josap wrote:

The banks want nothing to do with loans they can't flip

Concur. The money is in the fees.

Anecdote: when looking for a mortgage a year ago, my current FI (small local bank -- 4 branches) only mortgage that they kept on their books was a 10 year. So for 99% of customers, it was all loans to be resold.

EDIT (addition): There isn't (wasn't) anything inherently wrong with pooling and selling mortgages -- provides geographic diversification if underwritten uniformly and properly. And really is intermediation by the FI -- exactly what banks are supposed to do.

all of you Cali folk didn't get the luxury of watching Al Goldstein on Midnite Blue on public access cable
...
that man embodied every Jewish stereotype imaginable. (stereotypes on steroids)
...
time to hit that lonesome trail again... so long

Rajesh wrote:

until Congress decides it needs to do something

:hell will freeze over first: icon

"it appears as if builders are planning that overall SF housing production will increase significantly in 2014. That increased production, combined with vastly-improved margins at most builders, is likely to dampen significantly new home price gains next year."

Nope.

"Fannie Mae's economists, Doug Duncan, Orawin T. Velz, and Brian Hughes-Cromwick call the performance of single-family homebuilding the "most disappointing" aspect of the housing recovery this year. After jumping to the recovery peak of 652,000 units in February, single-family housing starts have been trending down. Data on starts is not available after August because of the government shutdown but recent housing permit data suggest that single-family starts "may remain lackluster in the fourth quarter." However, multifamily permits posted a double-digit increase in October for a second straight month, sending total permitting numbers to a recovery high.

The tight availability of acquisition, development, and construction(AD&C) loans may be one thing holding back a stronger recovery in homebuilding. ** "Although lending conditions have been improving gradually, according to the survey by the National Association of Home Builders (NAHB), the current stock of residential AD&C loans still stood about 80 percent below its peak reached during the first quarter of 2008. The NAHB survey also indicated that land development loans face tighter lending standards than residential construction loans," the report says.

Construction Activity Most Disappointing Aspect of Housing Recovery

The GSEs now run large profits and have rebated their bailout to the Treasury.

oh, The Horror

can i - as taxpayer - have more "damage"?

black dog wrote:

can i - as taxpayer - have more "damage"?

While it is a good thing, to pay back Tres.
They did it on the backs of J6P by raising fees, MIP for the life of the loan.
I also think they received some / all of the funds from law suits against the banks.
So rather than those funds going to actual people who were damaged ......

They tortured my 770 score son and he decided not to buy. As I said before, they wanted him to renegotiate his school loans,which he had just favorably resolvrd!!! To make his payments sooner. And other insane stuff.

lawyerliz wrote:

They tortured my 770 score son and he decided not to buy.

There will be no loans for normal people, that normal people can afford. Get used to renting.

josap wrote:

While it is a good thing, to pay back Tres.

They are not paying back the Treasury. This is just interest. The principle remains the same.

I would guess renters don't vote in the same percentage as homeowners.
Lots of anti home owning legislation out there. Higher fees, higher flood
insurance, etc... Evidently there is no dial, just an on/off switch.

He's not renting. He's paying us a mtg at 5.5.

I'd want more from a stranger.

They did it on the backs of J6P by raising fees, MIP for the life of the loan.

i have zero problem with risk being accounted for ... not looking for another large scale bailout down the road.

sporkfed wrote:

... Evidently there is no dial, just an on/off switch.

The dial goes to 11.

There is a lot of money to be made in the RE investment business. Control of the inventory is a good start. Maybe I'm wrong, but I see a large shift in who gets to buy, who wants to buy and who makes the most from either renting or owning.

Business needs a mobile work force. People have to live someplace, so rentals are attractive. And they are using OPM, so why not.

What we need is someone honest to match up people with money with borrowers. Gee, what would we call that?

lawyerliz wrote:

Gee, what would we call that?

My grandparents?

Laughing out loud

lawyerliz wrote:

someone honest to match up people with money with borrowers.

At what interest rate and terms?

Banking is risky now. And very high bar to enter, not sure it could be done unless you are WalMart.

There will be no loans for normal people, that normal people can afford. Get used to renting.

Potterville.

I'm thinking Clarence never showed up for George Bailey.

Diogenes, after the tale of his parading around with a lantern looking for an honest man in the daylight?

Is this economic momentum for real?

Define "real."

I'm not sure what it means anymore.

Outsider wrote:

economic momentum for real?

Real enough if you hold the right assets.
Not so much for those who hold real jobs.

On second thought, I change my recommendation or suggestion to Tanta Reincarnate. I know that many who remember her posts will never forget her. Tanta Vive.

Time for Star Wars V on the small screen.

I had to verify with a local techie the order of the movies. Apparently Star Wars Order is Techie 101. He rattled off: 4, 5, 6, 1, 2, 3. Then he said: actually, it's 4,5,6,2,3. Don't bother watching 1.

The youngest of the clan has not seen the Star Wars movies before. That makes me an unfit mother.

lawyerliz wrote:

I'd want more from a stranger.

Hey LL got any recommendations on buying in Tampa St Pete area? Thinking about buying a place for the interesting daughter and grand daughter to live in that does not have lead paint, roaches and gang bangers.

"poic - Whats your point? "

I'm just setting up to cover my bases for any comment I make pro/con going forward on this thread.

The Fed even post-taper, trying to keep rates low, is still buying nearly all net-new GSE production.

Read more at Calculated Risk

Fucking piece of shit scumbags never pass a budget, spend Americans' money in secret transactions. IT'S TIME TO END THIS FED MBS SCAM.

I am not sure how many folks are familiar with events on the ground here in Greece, especially the various coincidences of family names. I find it confusing sometimes--more times than I care to admit.
This is up today: Piraeus Bans Golden Dawn Food Handouts | Greece.GreekReporter.com Latest News from Greece
'The Mayor of Piraeus, Vasilis Michaloliakos has banned Golden Dawn’s food distribution “for Greeks only”, which was due to take place on Saturday at 11 in the morning outside the new Municipal Theater.'
He is not to be confused with Nikolaos Michaloliakos: https://www.google.gr/search?q=Michaloliakos&ie=utf-8&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&gws_rd=cr&ei=gt20UuTvFeGb0QWg4oC4Dg the head of the Golden Dawn who are planning to set up this food distribution.

JP wrote:

California to be carved into 6 states

Sep Ca would be a giant cluster. Laughing out loud

Outsider wrote:

Define "real."
I'm not sure what it means anymore.

You've been here for 7 + years and made 46,000+ comments and you still don't realize that if the "market" is rising, the economiy is good? Just watch out for inflation and pay attention to gold. Laughing out loud

If I start typing funny - just took an Oxi for the back pain. Only a half.
I'm not really Liz. Laughing out loud

steelhead wrote:

Cream-Tales of Brave Ulysses

One of my very first albums.

Haralambos wrote:

food distribution “for Greeks only”,

food should be for everyone.

Scholars and media have described it as neo-Nazi[3][8][9] and fascist,[10] [11][12] though the group rejects these labels.[13] Members have expressed admiration of the former Greek leader Ioannis Metaxas, who ruled Greece from 1936 until 1941.[14] They have also made use of Nazi symbolism, and have praised figures of Nazi Germany in the past.[15][16][17] According to academic sources, the group is racist and xenophobic,[18][19] while the party's leader has openly identified it as nationalist and racist.

Golden Dawn (political party) - Wikipedia, the free encyclopedia

josap wrote:

steelhead wrote:

Cream-Tales of Brave Ulysses

One of my very first albums.

I was just given an import remastered CD "The Very Best of Cream" as a holiday gift. Real French Sparkly

Already feels bettttttter. Cool for me.

josap, that is why many municipalities have banned it. Golden Dawn are an ugly bunch of neo-Nazi thugs and criminal. Parliament has just passed a bill denying them state funds for their campaigns and many of them are in jail awaiting trial for criminal acts including murder and various forms of racketeering like collecting protection money.

Haralambos wrote:

various forms of racketeering like collecting protection money.

How is that different from what other politicians do?

Rajesh, point taken and even more to the point here in Greece. The two major parties heretofore have spent 40 years almost in racketeering, also know as politics. I recall a quote attributed to Mike Nichols in my day in Chicago's Hyde Park, home of the University of Chicago. The area liked to bill itself as the only truly integrated neighborhood in the country to which Mike Nichols is supposed to have said, "Yes, it is blacks and whites united against the poor." In my experience here over 35+ years on and off, I think many folks vote for the party that delivers the goods (jobs, contracts, tax loopholes, and dropped tax evasion cases among others) to them or their family.

I dont think they murder people too often.

If we'd stuck with 28/36 and 20% down we'd never have had the mortgage debacle. There might be several thousand less mortgage "bankers", but that seems to me to be a step in the right direction.

So what should we do to all get feethy rich in the coming boom? Did the first draft of my Statute of limitations free house possibly case. One of my citations put my longest lady to shame. Borrower lived there free 15 years, then got a free house. Bank was supposed to pay her atty fees too.

Comcurring opinion used the words stumbing and bumbling and referred to Thomas More and. George Costanza.

Hell, of we made them put down a thousand dollars, it would have cut out the worst of the worst.

lawyerliz wrote:

So what should we do to all get feethy rich in the coming boom?

Build a biz around fees for the feethy.

lawyerliz wrote:

So what should we do to all get feethy rich in the coming boom?

I'd rather not be rich if I can avoid it.

lawyerliz wrote:

made them put down a thousand dollars

Rolling the loan / refi fees into the mortgage isn't such a great idea either.

Um, not sure where you're going, but Sir Thomas More and George Costanza in the same opinion might cause me to engage in some feats of strength and airing of grievances.

As for the old F/F terms, this regulator believes that they should never have been changed. If you want the gov't to bless your mortgage loan with its infinitesimal borrowing costs and resulting low rate, you need to walk on water. Otherwise, you get a high-rate portfolio loan from your local bank. If we'd stuck with that we wouldn't have ATR, QM, and a myriad of other new regs that could have been simply stated in 3 numbers and will drive out more borrowers than the original 3 holy numbers ever did,

Yeah well the court was kinda barfing at the thought of handing out a free house but the lenders got dusmissed for lack of prosecution. . . Twice. . .which took it past the statute of limitations. And they did the math wrong, and some other stuff.

Rajesh wrote:

I'd rather not be rich if I can avoid it

Or a bland Techie.
It not that I don't appreciate their code writing skills, but that are the pablum people when it comes to culture and literacy.

Some of the locals are getting wrestles:
Tech buses blocked, vandalized in protests - SFGate Blog

Captain Ned wrote:

If we'd stuck with that

Problem is, once they change things they can't admit they were wrong and go back to what worked. So it then takes forever to get the "new" rules that don't work as well as the old rules.

NSA, how about another game? (but my winning streak is getting boring):
GCHQ and NSA targeted charities, Germans, Israeli PM and EU chief | UK news | The Guardian

Game to Snowden!

adornosghost wrote:

It not that I don't appreciate their code writing skills, but that are the pablum people when it comes to culture and literacy.
Some of the locals are getting wrestles

I assume you're one of us.

lawyerliz wrote:

I forgot Dilbert.
All seeing dilbert remembers LL. Was up in the shop making a jig for bending a rubrail for the Boston Whaler. Wheee Fun!

JP wrote:

I assume you're one of us.

Yep and dildxic dyslexic.

adornosghost wrote:

Yep and dildxic dyslexic.

I just can't type or spell.

josap wrote:

I just can't type or spell.

I can either type or spell but not both at the same time.

lawyerliz wrote:

Yeah well the court was kinda barfing at the thought of handing out a free house

Good On LawyerLiz. Champion of the downtrodden home debtor!

For the old coots at HCN who are candidates for knee of hip replacements. Read this: Password Challenge
Enjoy!

dilbert dogbert wrote:

Read this: Password Challenge
Enjoy!

I am confused.
Stoned too.
but spell checker still works ok.

Plz. Not me. I am merely citing the case. Several of the cases were appeals of a foreclosure which were reversed in favor of the borrower. This was litigated by two big firms.

lawyerliz, I think the Robert Caro series of LBJ intimated that he had an early contender for state office offed. Someone else will have to try to find this tonight and I will try tomorrow (today) since it is 3:40 AM here.
Nytol and be well all.

josap wrote:

I am confused.
Stoned too.
but spell checker still works ok.

Sounds like a really good bunch of drugs you are on. Maybe don't want to get off?
Password Challenge links to a Medscape article on the better than average, average and worse than average hospitals that do hip and knew replacement surgery. Sutter Health in Sack O Tomatoes is rated better. Only 40 miles down the hill from Cool.

reading between the lines I get the feeling CR is upset that private mortgage market is probably not willing to accept the same return on risk that a govt sugar daddy accepts.

I knew someone from Texas who asserted comfidently that he burned the courthouse down with some unfavorable voting records inside. Heck, maybe he killed Kennedy! Snark

dilbert dogbert wrote:

Password Challenge links

The screen that came up asked me for a password.
My back doesn't hurt for the first time in almost 2 weeks. This will be the only night I take anything.

arthur_dent wrote:

reading between the lines

Looked right out front to me. No, he doesn't like it.
Without a reliable wholesale mortgage market - there are no loans.

There's always one guy who doesn't get the message

WHO ARE YOU GUY!? - Imgur

Rates must go up. Nobody sane would make a loan for all those years for 4.5%.

tg wrote:

WHO ARE YOU GUY!?

He is a retired circus performer. Now working part time in some very upscale shop selling very expensive things to not very smart wealthy women. The carnival never ends.

Well, they've got the foreclosure process down pat now, right?

Re: the discussion on cash buyers, I think most cash buyers wouldn't bother with land lording if they could get a safe 5% in CDs.

http://www.theregister.co.uk/2013/12/21/nsa_paid_rsa_10_million/

The mystery of why RSA would use a flawed, NSA-championed algorithm as the default random number generator for several of its encryption products appears to be solved, and the answer is utterly banal, if true: the NSA paid it to.

Reuters reports that RSA received $10m from the NSA in exchange for making the agency-backed Dual Elliptic Curve Deterministic Random Bit Generator (Dual EC DRBG) its preferred random number algorithm, according to newly disclosed documents provided by whistleblower Edward Snowden.

For its part, however, RSA maintains that it never conspired with the NSA to compromise the security of its products, and that if the government knew how to break RSA's encryption, it never let on.

There were some loans that did not go into foreclosure in the 80s. One started out at a 30 year amortization and then the payment went up some every year, which all went to principal. Paid off in 12 years. Risk and interest rates were lower. After a few years the payment had to be uncomfortable. But since if you could keep it up for a few years you could sell or refi. The neg ams went into foreclosure. Even if you raised the payment one or 2% for a couple of years, the loan would be less.risky, and more apt to interest the private market.

josap wrote:

The screen that came up asked me for a password.

Oh Crap! The article had a link from Medicare. I will go back and find it for you.

tg wrote:

Is that the percoset talkin?

Oxi
Oxie

Whatever Rush takes.
I sort of know it still hurts - someplace in the back of my brain. But doesn't matter.

photon wrote:

I think most cash buyers wouldn't bother with land lording if they could get a safe 5% in CDs.

first rule of central banking

if you want to force money into an industry with marginal economics, make the alternatives worse.

tg wrote:

Hope everything comes out OK

Will be just fine. Took a half of one.
Might take the other half before I go to sleep.

First time in 4 or 5 years that I have hurt bad enough to take a pain pill. When I broke my foot and popped all for tendons in the top of my foot - no pain pills needed. My back is really messed up and I can't just stay down for several days.

Worked mainly on an ortho floor for awhile. Felt like the surgeons would go on streaks like a baseball player, both good and bad

josap wrote:

Whatever Rush takes.

Viagra = Oxi?

dilbert dogbert wrote:

Same story from Kaiser

Thanks.
don't need anything replaced - yet.

Think you shouldnt paint any houses for a while.

tg wrote:

Hope everything comes out OK

I can't take opiates. Plugs me up. Spent 5 days in the hospital getting unplugged after back surgery. Ugly!

lawyerliz wrote:

shouldnt paint any houses

After the house painting - moved a friend all day (two Sat ago). Picked up boxes, drove 178 miles back and forth. 10 hour day.
Last time I do that.

tg wrote:

Zombie

Trouble is I don't get much pain relief and no fun highs seeing rainbows, zombies and unicorns! Crap!

If it goes pass day 3 post op it gets ugly. Feel for you man

josap wrote:

First time in 4 or 5 years that I have hurt bad enough to take a pain pill.

don't know what you're tolerance is for spices but the best natural anti-inflammatory you can take is cayenne pepper. I make hot (spicy) vegetable curries with plenty of onions and its like a miracle.

Yep. You can get cayenne pepper cream too.

tg wrote:

Feel for you man

Post op I thought I would never walk again as I had no feelings below the hips. Took two months to walk unaided. Ugly squared!
I did go skiing that next snow season. Hip Hip Hip WhoRay!

arthur_dent wrote:

tolerance is for spices

Although I live in Az, don't care for really spicy hot foods.

dilbert dogbert wrote:

I did go skiing that next snow season.

Good job. Takes lots of work and determination.

josap wrote:

Good job. Takes lots of work and determination.

Options were: Tough it out or take a long walk off a short pier. I took it week by week. If there was any improvement in a week I kept going. Lucky most weeks there was improvement. Close call.

dilbert dogbert wrote:

I took it week by week.

I am impressed. Seen people park their butts in a chair and stay there. It is hard work and not pleasant work. The reward is really great if you have it in you to get there.

I have updated comment #1 on this thread Shakes Tiny Fist of Fury

poicv2.0 wrote:

updated comment #1

Laughing out loud

BR made me face facts with my first post. Laughing out loud

josap wrote:

Seen people park their butts in a chair and stay there.

I wanted to do that but the amazing mrs dogbert kicked my ass out of the chair and back to work in a walker. I progressed out of the walker to a cane then a staff then free walking but it was months before I could walk without locking my knees. If I unlocked a knee I was on the ground instantly. Very scary. Even after these 17 years I still lose a knee occasionally but don't fall. I fear that my condition is similar to Post Polio Syndrome where aging nerves die and the back up nerves are not there. So far all I have lost is the ability to stand on tiptoe on the right foot. Screws up turning left when skiing. Screw!

That's a very impressive and hard recovery dilbert Real French Sparkly

they are very aggressive on spinal cord rehab to ensure bowel and bladder function
on ortho floors you can easily fall thru the proverbial crack with your type of symptoms

dilbert dogbert wrote:

bending a rubrail

steaming?

adornosghost wrote:

Rajesh wrote:

I'd rather not be rich if I can avoid it

Or a bland Techie.
It not that I don't appreciate their code writing skills, but that are the pablum people when it comes to culture and literacy.

Some of the locals are getting wrestles:
Tech buses blocked, vandalized in protests - SFGate Blog

It's going to get uglier. I predict a "false flag" incident by Mayor Lee, Rose Pak and "Downtown" (Read that Pimp..) Willie Brown.. Its a chopper, baby Now back to the yacht race

Write A House Is Giving Writers Free Homes In Detroit

And since everyone posting here is a writer, you all qualify.

tg wrote:

Taking liberties: Santa Claus rejects NORAD escort, may be placed on no-fly list | rabble.ca

New Keyboard New Keyboard New Keyboard

Although intended to simplify JAR use, in practice it turns out to be notoriously brittle, as it depends on all the relevant JARs being in the exact locations specified when the entry-point JAR was built. To change versions or locations of libraries, a new manifest is needed.

lot's of stuff looking brittle....

JP wrote:

Write A House Is Giving Writers Free Homes In Detroit

And since everyone posting here is a writer, you all qualify.

I'd have to look at the fine print. It's my understanding that you have to sell before you may or may not make any capital gains... Its a chopper, baby Snark Now back to the yacht race

poicv2.0 wrote:

That's a very impressive and hard recovery dilbert Real French Sparkly

Absolutely. The Dude Abides

steelhead wrote:

have to sell

You probably don't get title until you've survived lived in the house for six months.

Rajesh wrote:

steelhead wrote:

have to sell

You probably don't get title until you've survived lived in the house for six months.

If it wasn't a little bit warmer in the winter... Winter Solstice is tomorrow. Wink

Slate Magazine says if the SF residents bitch, move Silicon Valley to Cleveland. Detroit has a much better selection of sport teams... Snark

justaskin wrote:

steaming?

Soak in pool for a week then boiling water and rags. Fingers crossed. If the dug fir doesn't bend then I will switch to oak.

"Although intended to simplify JAR use, in practice it turns out to be notoriously brittle, as it depends on all the relevant JARs being in the exact locations specified when the entry-point JAR was built. To change versions or locations of libraries, a new manifest is needed."

There are ways to override manifest locations. But this is a gray area that has been implemented different ways by each of the major enterprise vendors. And even vendors change class path building logic from release to release.

:tear your hair out:

Jumbo rates (i.e. free-market, non-agency) are cheaper than conforming agency. The market works!

The last thing we need is more government meddling and political allocation of capital.

Login or register to post comments
Syndicate content