Comments on: Loss Mitigation as a Business http://loanworkout.org/2007/09/loss-mitigation-as-a-business/ Loan Modification & Home Loan News Tue, 09 Feb 2010 17:53:11 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Financial Insurance And Home Inventory http://loanworkout.org/2007/09/loss-mitigation-as-a-business/#comment-637 Financial Insurance And Home Inventory Thu, 27 Dec 2007 21:04:48 +0000 http://loanworkout.org/2007/09/29/loss-mitigation-as-a-business/#comment-637 Hello! Found your blog on yahoo while searching for Financial Insurance And Home Inventory - quite some good info thanks, J.Sanders Hello! Found your blog on yahoo while searching for Financial Insurance And Home Inventory – quite some good info thanks, J.Sanders

]]> By: krimutinok blog http://loanworkout.org/2007/09/loss-mitigation-as-a-business/#comment-636 krimutinok blog Fri, 23 Nov 2007 20:34:18 +0000 http://loanworkout.org/2007/09/29/loss-mitigation-as-a-business/#comment-636 <strong>krimutinok 19 post</strong> all about krimutinok and top news krimutinok 19 post

all about krimutinok and top news

]]> By: krunitomul blog http://loanworkout.org/2007/09/loss-mitigation-as-a-business/#comment-6441 krunitomul blog Fri, 16 Nov 2007 20:42:30 +0000 http://loanworkout.org/2007/09/29/loss-mitigation-as-a-business/#comment-6441 <strong>krunitomul 55 post</strong> all about krunitomul and top news krunitomul 55 post

all about krunitomul and top news

]]> By: Moe http://loanworkout.org/2007/09/loss-mitigation-as-a-business/#comment-635 Moe Fri, 28 Sep 2007 03:38:32 +0000 http://loanworkout.org/2007/09/29/loss-mitigation-as-a-business/#comment-635 <FONT size=6><STRONG>McMansions! I LOVE THAT ONE!<BR><BR></STRONG><FONT size=2>It's already a game of monopoly and the American people are losing big time! </FONT></FONT> McMansions! I LOVE THAT ONE!

It’s already a game of monopoly and the American people are losing big time!

]]> By: Paul http://loanworkout.org/2007/09/loss-mitigation-as-a-business/#comment-634 Paul Fri, 28 Sep 2007 03:06:25 +0000 http://loanworkout.org/2007/09/29/loss-mitigation-as-a-business/#comment-634 And we'll all live in rent controlled McMansions. If your prediction comes true, the government will have an easier time regulating rents than mortgages. We'd have no home owners' insurance policies, no property taxes, and no maintenance costs. Sounds good until we realize that the big landlord would have a monopoly on property and be able to hike the rent as high as possible and leave no room for competitive pricing.<br />- Paul And we’ll all live in rent controlled McMansions. If your prediction comes true, the government will have an easier time regulating rents than mortgages. We’d have no home owners’ insurance policies, no property taxes, and no maintenance costs. Sounds good until we realize that the big landlord would have a monopoly on property and be able to hike the rent as high as possible and leave no room for competitive pricing.
- Paul

]]> By: Moe http://loanworkout.org/2007/09/loss-mitigation-as-a-business/#comment-633 Moe Fri, 28 Sep 2007 00:37:49 +0000 http://loanworkout.org/2007/09/29/loss-mitigation-as-a-business/#comment-633 Hey Paul!<BR><BR>Incompetence can be an understatement in today's environment. They need to make changes much faster and it's just not happening. They sure did hire the necessary staff to handle the never ending supply of new loans that where coming in and now the treat there clients terribly. <BR><BR>Mark my words Paul!<BR><BR>COUNTRYWIDE WILL BE THE BIGGEST REAL ESTATE HOLDER IN THE WORLD WHEN THIS IS ALL SAID AND DONE. BIGGER THEN THE GOLDEN ARCHES!<BR><BR>Regards,<BR><BR>Moe Hey Paul!

Incompetence can be an understatement in today’s environment. They need to make changes much faster and it’s just not happening. They sure did hire the necessary staff to handle the never ending supply of new loans that where coming in and now the treat there clients terribly.

Mark my words Paul!

COUNTRYWIDE WILL BE THE BIGGEST REAL ESTATE HOLDER IN THE WORLD WHEN THIS IS ALL SAID AND DONE. BIGGER THEN THE GOLDEN ARCHES!

Regards,

Moe

]]> By: Paul http://loanworkout.org/2007/09/loss-mitigation-as-a-business/#comment-632 Paul Thu, 27 Sep 2007 20:55:24 +0000 http://loanworkout.org/2007/09/29/loss-mitigation-as-a-business/#comment-632 Well said, Moe. When I see large and successful corporations making what seem to be completely illogical decisions, I figure it's one of two things: (1) incompetence due to the corporate structure being overly burdensome and too slow to react to an unexpected disaster or (2) some motive that is not obvious at play such as a major shift in business plans to take advantage of what would otherwise be a crisis.<br />Here, we may have either. Though, the more you think about the implications of the biggest lender foreclosing on many many properties, you see what could be a plan to be the biggest landlord in the United States.<br />Keep in mind, that when you take out a home loan the first few years of payments are almost all interest anyway, so you are just "renting" from the lender. Thus, for the first few years whether you rent or take a mortgage, you are just a "renter" in the sens that you are not building up any equity. The big difference, of course, being that after a few years you still haven't gotten any equity in your "home." However, most people do not live in the same homes for 30 years anymore. We move all the time, so we start a new mortgage every few years.<br />It will be very interesting to see how this plays out.<br />- Paul Well said, Moe. When I see large and successful corporations making what seem to be completely illogical decisions, I figure it’s one of two things: (1) incompetence due to the corporate structure being overly burdensome and too slow to react to an unexpected disaster or (2) some motive that is not obvious at play such as a major shift in business plans to take advantage of what would otherwise be a crisis.
Here, we may have either. Though, the more you think about the implications of the biggest lender foreclosing on many many properties, you see what could be a plan to be the biggest landlord in the United States.
Keep in mind, that when you take out a home loan the first few years of payments are almost all interest anyway, so you are just “renting” from the lender. Thus, for the first few years whether you rent or take a mortgage, you are just a “renter” in the sens that you are not building up any equity. The big difference, of course, being that after a few years you still haven’t gotten any equity in your “home.” However, most people do not live in the same homes for 30 years anymore. We move all the time, so we start a new mortgage every few years.
It will be very interesting to see how this plays out.
- Paul

]]>