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RB TexLa (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 04:09 PM Original message |
No loans from American Home Mortgage. Credit lines cut off. $300M of approved loans not funded |
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Mr. Ected (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 04:11 PM Response to Original message |
1. I Handled An AHM Refinance Last Week |
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Lex (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 05:22 PM Response to Reply #1 |
9. An attorney I know just found out a sale he handled isn't funding. |
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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Wed Aug-01-07 09:08 AM Response to Reply #9 |
33. Risky to move in before the sale is funded. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 04:46 PM Response to Original message |
2. Down payment nonprofits stopped today |
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Mr. Ected (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 04:48 PM Response to Reply #2 |
3. You Got a Link? |
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happyslug (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 05:06 PM Response to Reply #3 |
7. Here is the IRS ruling on this type of "Assistance" IRS ruling 2006-27 |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 05:43 PM Response to Reply #7 |
10. Yes that |
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earthlover (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 07:37 PM Response to Reply #7 |
13. Oh please.... |
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happyslug (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 11:15 PM Response to Reply #13 |
19. And the lack of a Cash down payment is why the IRS ruled it illegal. |
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1932 (1000+ posts) Send PM | Profile | Ignore | Wed Aug-01-07 12:50 AM Response to Reply #13 |
25. People shoudl get enough money from working for a living that they don't need scams |
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sendero (1000+ posts) Send PM | Profile | Ignore | Wed Aug-01-07 07:00 AM Response to Reply #13 |
29. As we are seeing... |
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Snarkoleptic (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 05:46 PM Response to Reply #3 |
11. A couple of means that are commonly used to inflate.. |
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earthlover (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 07:47 PM Response to Reply #11 |
15. Not a progressive thought.... |
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Kingshakabobo (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 08:03 PM Response to Reply #15 |
16. As a mortgage banker, I agree with you...... |
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mountainvue (1000+ posts) Send PM | Profile | Ignore | Wed Aug-01-07 12:18 AM Response to Reply #16 |
21. Not to mention you can put a community second |
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Snarkoleptic (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 11:10 PM Response to Reply #15 |
18. Having been in the industry for over 21 yrs, I must disagree with your generalizations... |
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mountainvue (1000+ posts) Send PM | Profile | Ignore | Wed Aug-01-07 12:21 AM Response to Reply #18 |
22. Underwriter? n/t |
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Snarkoleptic (1000+ posts) Send PM | Profile | Ignore | Wed Aug-01-07 09:26 PM Response to Reply #22 |
34. Regional Production Manager until the shitstorm came in June. |
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JacquesMolay (413 posts) Send PM | Profile | Ignore | Tue Jul-31-07 04:48 PM Response to Original message |
4. Scary .... |
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karlrschneider (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 04:51 PM Response to Original message |
5. The irony about Countrywide is their own slogan: "Nobody can do what Countrywide does." |
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happyslug (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 04:52 PM Response to Original message |
6. I was wondering why all these problems are occurring in July? |
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InkAddict (1000+ posts) Send PM | Profile | Ignore | Wed Aug-01-07 12:41 AM Response to Reply #6 |
24. The federal student head count is in October. |
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happyslug (1000+ posts) Send PM | Profile | Ignore | Wed Aug-01-07 06:43 AM Response to Reply #24 |
27. And that is what people want to avoid by moving in the Summer |
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Jacobin (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 05:18 PM Response to Original message |
8. the dominoes begin to tumble |
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eppur_se_muova (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 06:37 PM Response to Original message |
12. Holy crap ... glad we sold their stock a couple of years ago. nt |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 07:38 PM Response to Original message |
14. Rugh ro. |
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Tierra_y_Libertad (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 08:08 PM Response to Original message |
17. Gives new meaning to "house of cards". |
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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Tue Jul-31-07 11:19 PM Response to Original message |
20. anyone know how this affects Countrywide? |
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mountainvue (1000+ posts) Send PM | Profile | Ignore | Wed Aug-01-07 12:22 AM Response to Reply #20 |
23. As far as I know, it doesn't. AHM and Countrywide |
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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Wed Aug-01-07 09:07 AM Response to Reply #23 |
32. Ok. Thanks. |
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judaspriestess (1000+ posts) Send PM | Profile | Ignore | Wed Aug-01-07 12:52 AM Response to Reply #20 |
26. Countrywide is getting super super tight on their |
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JHB (1000+ posts) Send PM | Profile | Ignore | Wed Aug-01-07 06:51 AM Response to Original message |
28. AHM's HQ is across the street from my workplace |
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sendero (1000+ posts) Send PM | Profile | Ignore | Wed Aug-01-07 07:03 AM Response to Original message |
30. It is almost impossible.. |
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1932 (1000+ posts) Send PM | Profile | Ignore | Wed Aug-01-07 08:26 AM Response to Reply #30 |
31. It never made sense that ONLY subprime loans would be a problem. |
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