Martin Wareing's Discussions
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IMPOSSIBLE QUOTES BY ILLITERATE AND CRUDDY LENDERS
Clay,
He's a Shotgun Quoter from South FL.. I've seen him against me... The ZP have something in his profile about review... Typical person who is a taker.... carpetbagger....etc. Katrina victims beware.
Fannie and Freddie's last leg!
Wayne,
That is dead on.. We have no idea what will happen. Much has happened and much is left in front. The daily minute movements in mortgage pricing is good, but why are apps down... delinquencies up... etc.? I may come across as doomy/gloomy, but I really believe this is the watershed event (financially) in my career at least. We'll keep our fingers crossed and see what happens.
JC,
How are you and PA?? Sorry I did not mention your initials as a guardian.. I apologize. TM, good to see you and you are very sneaky and little stamp-collector of sorts stashing all of the ammo needed when someone flips and flops.. Very good and much appreciated. T in OH, I remember when I came in (APRIL 2008) when the marketplace opened, but I had never seen or been on any boards or chats at all. I have "quoted" less than 200 and made over 2200 "quotes".. My best work has been here and I have been richly rewarded with laughs, thank yous, etc. especially in times of lower volume, higher complaints and confusion. The marketplace is part of this experience, but ZILL is different than others and will remain different if desired. It is not a "visit my site for more info" soapbox and 9 reasons to AVOID this and DO that...click here.. Those people (MTG and RE) are pandering can-holding monkeys and there is an army ready to lay the wood to them when needed. I try to add a laugh or 2 getting my point across and I am not as witty as a few others that make me laugh daily when I read them. You'll/We'll all be just fine. I just suggest we (MTG peeps) do not use all-encompassing statements on ourselves, but rather "explain" the banter and racket to those who chastise us and simply do not understand what may be happening. I have "apologized" and somewhat explained our commentary to several in my 5 months here, but the best news is that there is truth in every thread. They all get settled and it is the truth. For that, we can all be proud. Keep rockin'.
Fannie and Freddie's last leg!
Lt,
They diluted BSC and CFC also..... a year ago.... It is not a good sign for the capital markets in general. This is much more complex than the crappy mortgages held.. This is about governments and not just ours owning debt/paper, etc.. and the credibility of the US worldwide. It's a big mess, but we're making progress to get through it one day at a time. Best thing we can do as mortgage professionals:? write loans to people that will repay. It is that simple and it always has been. Keep rockin'.
Nick (St. that is),
If you could get that tended to within the next 110 days, 12 hours and 25 minutes, we would greatly appreciate it. According to his comments, he wants some leads.. (just having a little fun Tim), so don't let that bother you..
Oh and Santa, is that a carrot in your pocket to feed the tired and hungry reindeer or are you just happy to have me sit on your lap?
Thanks!
T,
Your post was not offensive to me in the least. I think you should be an advocate for fairness and quality. I am all for that. Since you are a cagey vet,but newer to here.. Jenn, CL, Darlin, Adams, Cochem(s), My Cousin Martin in TX,GVD, Tamms, Tami, George, DP, John Paunan and Tom, Clay, LJ (Creative Arts Director) and the pretty LJ in CA, with PM along with others (sorry if I left some out... I feel like I'm at the Oscars) are here fairly actively and accurately on the boards trying to keep it fair and answer questions without pandering. It is quite common to have a newer person come in and take a stance of thinking this is a zoo, when it is not. If you read most of the regulars who post, you will find it hard to disagree with the answers. The banter is again about cheats and pandering. I am glad you are against cheats, me too. I do not get into as many cat fights as it is not necessary and I work hard to educate and entertain in the same post.. It is hard to do when I am having to light someone up or defend something. If you bring your best here to help, the rest will fall into place, I promise... We will change the industry one LO at a time, one borrower at a time. It's a marathon, so grab a glass of Gatorade and let's get a going. Trust me on this, the ones who have answered you with negative tones.... are the good guys.. the nice ones in the Good Humor Trucks offering ice cream to kids for free.... are the bad ones. Keep rockin'.
Congress and Bush about to kill Nehemiah-type DPA programs
Carlo,
In theory there are some deserving buyers, but it was loopholed to death and destroyed by the overwhelming delinquency on the program. Like it always happens.... a few bad apples (in this case 16+%) spoiled it for the rest... Why are so many "deserving" consumers so broke? When I was younger (44 now), my dad had to have a 10-20% down payment (he had excellent credit) for a station wagon. In the last 30 years, we have come to expect credit to finance everything from homes to hamburgers.. we finance schooling from colleges to trucking schools. What does everyone do with their paychecks? Doesn't anyone save anything? I am not picking, just thought provoking, we need to help our clients and friends, family get ready to stand on their own without leverage. Then with proper leverage or credit and balance, steady, reliable growth is sustained. With FNM & FRE need govy help, I really think that credit standards are rising across the board and will remain higher. I am not saying the rates will blow up, but the standards will raise to a reasonable level to expect repayment. After all, we are in the lending business. Keep rockin'.
Tim,
You are welcome here on Zillow, but I think one of the biggest mistakes made by rookies and elder statesmen is the same; joining Zillow Mortgage Market Place I felt it was another avenue to generate leads. Not to help anyone, not offer their gifts, but to help themselves. I will not tangle with you, but your intentions are in black and white and make you no better than the others that get chastising. We quote, some more than others, but the CHASERS on the boards are not children... they are guardians. Read the posts and complaints about cheating and deceiving and the ones that are here to help without pandering. You will not find a statement made by me (20 years) about this being another lead source like a belt notch. I believe you will run into much resistance here pretending to be a chaperon when you write that you are simply a taker. Read what you wrote again and you'll see what I'm writing about. Wish you well, will be in OH (AKRON/BATH) on the 11th next week. Keep rockin'.
Curoism,
You are welcome and thank you for the compliment. I would like to point out that these boards may seem childish to an initial view, they really are very real, accurate and honest in many senses of the word. The boards have the clearest information without any opaqueness. When you read peer-peer banter and chastising, it is many times about trying to up the standards in our profession. If you were to see the "internal emailings" of Fifth 3rd Bank for example, you might be shocked and saddened as to who they really carry and carried on and the lending programs and marketing schemes deployed over the years as well.. Maybe, maybe not, but you and I will not see that because it is not transparent. Here we are connected in this portal and none of the chats are private. I like that and we do our best to research, educate and entertain as well.. Stick around and you'll see and we welcome different perspectives and truly value borrowers/buyers perception. Thank you again and the other Martin in TX.... he's my younger and brighter cousin... just kidding... We're the M&M gang.
Fannie and Freddie's last leg!
I don't want 'em... I don't want the blood money... I just want the METS
11 hours ago
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