Caution caution caution… Read this piece with extreme skepticism. “Relisting,” the practice of taking a property off market and almost immediately back on market as a new MLS listing in order to make the property appear “new to market” or to “refresh the listing” is still commonplace. The issue has never really been resolved, and there is no consistent definition for the “days on market” metric, especially if it includes any kind of gap between relisting (if it’s off the market for a day, is it considered the same listing? What about a week? A month?). In addition, if a property changes brokerages during the listing time, the agent surveyed will likely only quote the time at their brokerage. This can all wildly impact the reported “days on market”. Also, the methodology here appears to be less than ideal. Instead of basing the metric on a sample of sales data, it’s conducted as a survey. I believe the question form has a bit of survivorship bias, because it focuses only on homes that sold, and not homes that haven’t sold. Combined with the relisting activity, I have little faith in the accuracy or reliability of the data.
From the AP:
Realtors: US homes selling at faster pace
U.S. homes are taking less time to sell than a year ago, reflecting more homebuyer demand and fewer bank-owned homes and other properties available for sale in some markets.
The National Association of Realtors said Wednesday that the median time a previously occupied home was listed for sale shrank in July to 69 days. That’s down from 98 days in the same month last year.
One-third of the homes purchased in July were on the market for less than a month, while one in five was on the market for at least six months. A home’s median time on the market has been declining steadily since January, the trade group said.
Between 2004 and 2005, the high-flying years of the housing boom, the median selling time of previously occupied homes was four weeks, NAR said. The supply of homes on the market averaged 4.3 months over the same period.
The July figures, which were derived from a monthly survey of the trade group’s real estate agents, are good news for sellers and come as the inventory of homes available for sale has been tightening.
Overall, there were 2.4 million previously owned homes for sale in July, down 24 percent in the past year. It would take about 6.4 months to exhaust that supply at the current sales pace. That’s just above the six-month inventory typical in a healthy economy and 31 percent below the 9.3-month supply in July last year.
“A notable shortening of time on market began this spring, and this has created a general balance between homebuyers and sellers in much of the country,” said Lawrence Yun, the trade group’s chief economist.
Factoring out short sales — when a bank agrees to accept less than what the seller owes on their mortgage — the median time on the market for homes was around six to seven weeks, Yun said.
frist baby!
grim – you could have shortened your preface to this:
Caution, caution, caution…article contains opinions of Lawrence Yun.
Where o’ where is David Lereah?
From HousingWire:
FHA streamline refinances increase 42% in July
Lenders refinanced 42% more Federal Housing Administration mortgages in July than the month before under a new streamlined program, according to government data.
Roughly 25,750 streamlined refinances closed under the program in July, up from 18,100 in June as lenders worked through a backlog of applicants.
In June, the FHA announced a streamlined refi program to pay reduced rates on upfront and annual insurance premiums. Principal and interest can be cut. Appraisals, income, employment and credit score requirements are waived. The program launched June 11 for borrowers with loans endorsed before June 1, 2009.
Applications tripled in June from May but have since begun to cool.
Roughly 97,000 FHA borrowers applied for a refinance in July, down from 102,000 applications the month before.
From the Washington Post:
Romney’s new housing plan is not very new, and it’s not much of a plan
Housing policy has always gotten short shrift from the Mitt Romney campaign. It was, for instance, notably absent from its 59-point economic plan. To make matters worse, the candidate himself seemed to be having trouble choosing a direction. First he said: “Don’t try to stop the foreclosure process. Let it run its course and hit the bottom.” Then he argued that “the idea that somehow this is going to cure itself by itself is probably not real.”
Now Romney has released some details. But not many. His campaign’s new housing policy consists largely of generalities that are in line with the Obama administration’s policies to fix the housing market.
Romney’s housing plan has four parts: 1) To “responsibly sell 200,000, government-owned vacant foreclosed homes owned by the government 2) To use “foreclosure alternatives” for those unable to pay their mortgages themselves; 3) To swap out complex financial rules with “smart regulation”; and 4) to reform Fannie Mae and Freddie Mac to “protect taxpayers from additional risk.”
At the same time, Romney has also launched a new attack against Obama’s handling of the housing crisis. “President Obama’s only plan to address the housing crisis was the same plan he used to try to fix the economy: spend more taxpayer money on big-government programs,” his campaign Web site says. “President Obama rolled out an alphabet soup of more than ten housing finance programs rather than offering a real solution.”
But aside from the call to roll back and repeal financial regulations, the ideas that Romney has proposed aren’t terribly different from what the Obama administration has done and said on housing so far.
From the Philly Inquirer:
Despite need and funds, N.J.’s homeowner aid is little used
Struggling New Jersey homeowners, facing a quickening rate of foreclosures, are supposed to have a lifeline: the HomeKeeper program, run by the state and funded with $300 million from the federal bank bailout.
But 15 months after the program was launched, the state says only 10 percent of that money has been spent, to help just 750 homeowners.
According to a report from a U.S. special inspector general, New Jersey has drawn the lowest percentage of federal money available to the 18 “hardest-hit” states. (Pennsylvania is not on the list.)
This despite the fact that the Mortgage Bankers Association says New Jersey has the second-highest percentage in the nation of mortgage loans in foreclosure – 7.7 percent.
Intended to provide forgivable, no-interest mortgage loans to unemployed and underemployed homeowners at risk of losing their homes, HomeKeeper has had a slow response time, a lack of outreach, and strict rules that have disqualified needy people, according to housing advocates and homeowners.
The Christie administration is acknowledging the problems. In an interview last week, the official in charge said improvements would be evident by the beginning of 2013.
Bill Clinton DNC 2012 speech
http://www.youtube.com/watch?v=i5knEXDsrL4&sns=fb
The following criteria must be met to qualify for the Home Affordable Refinance Program:
•You must live in the home being refinanced.——Not Anymore
•A HARP refinance only applies to Fannie Mae or Freddie Mac mortgages.
•The homeowner must be able to afford the new lower payment.
•The current mortgage must be up to date with no late payments in the past twelve months.
•Payments on the new loan must be more affordable or more stable than on the existing loan.
•The new mortgage balance may not exceed 125% of your home’s current value.—–not anymore
•The maximum Loan to Value (LTV) cap has been removed on home owners looking to refinance in to a fixed rate mortgage.
•However for homeowners looking to refinance in to an adjustable rate mortgage the maximum LTV is set at 105%.
The popularity of the HARP mortgage program has steadily grown since 2009. The three months ending in February 2011 saw record volume of 145,000 new HARP loans.
A participating lender can determine if your loan is owned by Fannie Mae or Freddie Mac and can further evaluate your eligibility. To contact one, fill out the convenient 4 step form to the right.
•the mortgage must have been sold to or guaranteed by Fannie Mae or Freddie Mac on or before May 31, 2009
Why can’t they just hold their applause until the end of the speech? Is there some kind of illuminated “Applause” sign over the stage? Or is there some kind of rule of etiquette here? When the meat stops flapping, you better start clapping?
Why encourage borrowers to shorten their mortgages?
For borrowers with little or no equity on their homes, there are few financing options available until the balance on the mortgage is paid down. Having a shorter-term mortgage enables borrowers to pay down their balances much quicker than having a 30-year mortgage. In addition, lower interest rates can allow them to shorten the payment term without taking on an increase in the monthly payment amount. The outcome is a win-win situation: the borrower achieves stronger financial conditions and the enterprise that is backing the loan assumes a smaller credit risk.
Let’s look at the following scenario to illustrate how a HARP refinance works.
Nancy’s mortgage amount owed: $200,000
Interest rate on the mortgage: 6.5%
Nancy’s monthly payment: $1,264
Nancy’s home value: $160,000
In this example, Nancy needs to pay $40,000 to pay down her loan balance, and her current loan-to-value ratio is 125%.
Nancy could refinance her mortgage into a fixed-rate, 30-year mortgage with a 4.5% interest rate. Her monthly payment would fall from $1,264 to $1,013 as a result. However, her loan balance still would not fall under $160,000 for ten whole years.
She could also choose a 20-year loan term at a 4.25% interest rate (as shorter-term mortgages usually have lower rates). In this scenario, Nancy would have $1,238 as her monthly payment ($26 less than her current payment) and she would reach $160,000 in five and a half years.
If Nancy chooses to refinance into a 15-year mortgage at a rate of 3.75%, her monthly payment would increase to $1,454, a difference of $190 per month. However, the balance on her loan would fall below $160,000 in just over three and a half years.
This example shows how some borrowers who are eligible for HARP may benefit from shorter-term mortgages. That said, each borrower’s case is different, and the interest rates they pay will not necessary match up at these levels. A shorter-term mortgage lowers credit risks because the mortgage principal is repaid faster. Thus, borrowers will not face additional fees if they opt for shorter terms.
I’ve got to say, after watching 5 minutes of Romney at the convention, I’m now convinced that he is a robot. Does anyone remember that late 80’s TV show, Small Genius or Small Wonder or something? That’s Romney. The chicken-like head tilts and movements, the empty eyes, uncomfortable smiles that look like he is struggling with some serious constipation. I’m telling you, robot. No wonder there is so much emphasis on “humanizing” the thing. I half expected the cyborg to tear his face off, revealing the robotic machinery underneath, and tell us about how they were here to take over the world.
[6] Surprising. I thought for sure that $100 million was going to be sucked up post-haste by the addled offspring of Trenton pols. IIRC, you have to be recently unemployed and current with your mortgage until the financial hardship and then you can collect $50K over two years for mortgage payments and if you stay current after that you don’t have to pay the money back? It took so long for NJ to even set up the parameters of the program that I was sure that NJ politically connected relatives were getting set up in cheap condos, getting unemployed, then getting delinquent on their mortgages just in time to qualify. Under the right conditions you could be living in your own condo, drawing $600/week unemployment as walking around money and have the government pay your mortgage for two years.
Re 11 – The flaw in your theory is when you make a statement calling it “their homes” and then say they have no equity. It is the banks homes. More importantly, it is the shareholders of the bank that holds the mortgage homes or if Fannie or Freddie wrote mortgage it is the taxpayers home. If you have no equity or negative equity you are not a home owner, you are a deadbeat squatter now different from back in the crackhead days of early 90s when addicts with needles sticking out of arms squated in other peoples buildings. Except in this case the needle was called liar and NINJA loans.
“For borrowers with little or no equity on their homes”
Hey I am putting a bid in on a short sale. Realtor wont tell me bank I am dealing with or balance lady owes. How do you find out who owns the mortgage on a property and what is the balance owed. Is there a website or something?
Romney is the best thing to happen to this country since his dad invented the PACER.
[15] JJ – I’m not sure about NY, but in MA and many counties in NJ you can go to the county web site of land records, deeds, or whatever they call it in your state and see all the recorded docs so you can determine what mortgages were taken with what institutions. If the property is on a parallel track for foreclosure and has a sheriff sale date set you can also look up the approximate judgement and who the plaintiff (mortgage holder, sometimes servicer) identity and amount which is, I believe, the outstanding principal plus missed payments plus missed late fees plus other fees. You can sometimes deduce from that amount how long the seller has been delinquent. If no Lis Pendens has been filed, the seller may be current, but not guaranteed as their seems to be a gargantuan delay between going 90 days late and LPF.
My brother had an AMC Pacer, coolest thing was drivers door was actually a bit shorter than passenger door. Under assumption on drivers side in traffic only driver getting out and passenger side folks in back seat getting out and door swung over sidewalk. It was ugly, but most cares in mid to late 70s were also ugly. Now today on road one will really stick out in its ugliness.
Superman says:
September 6, 2012 at 7:19 am
Romney is the best thing to happen to this country since his dad invented the PACER.
[15] JJ – Maybe sign up for a 7 day trial of RealtyTrac.com . I haven’t tried, but their free service used to yield enough information to figure out a lot of situations, but I don’t really spend any time on that site anymore.
[15] JJ – on second thought, maybe not a good idea to sign up for a free trial at RealtyTrac: http://www.consumeraffairs.com/housing/realtytrac.html
Problem is, banks suck at “owning” homes. My guess, bank are better off letting people live in, just to preserve their $$
Ev’bdy talks about dead-beats, but would be great if sometime we could calculate home values lost due to poor maintenance by banks. Check this little pearl, a REO currently for sale
“Pipes recently froze resulting in some water damage so house being sold on a strictly As Is basis with Buyers responsible for all Boro inspections and remedies”
Boom! 100K down right there.
Last year searching for an investment place, I looked ~50 REOs in the Philla area. Shorts sales, Homepath, Wells, BofA, you name it. All sucked, crappy smells, dead rats in the middle of the ling room, the joys. Ended up buying one with the less problems, poor roof maintenance that affected a wall, and a dirty 70s carpet. Knocked 50k from comparables. After 2k and some sweat, place looks great.
“The Republican argument against the president’s re- election was actually pretty simple, pretty snappy. It went something like this: ‘We left him a total mess, he hasn’t cleaned it up fast enough, so fire him and put us back in,’” said Clinton, who is the first ex-president to nominate a sitting president for re-election. “I like the argument for President Obama’s re-election a lot better.”
Just saying that Slick Willy still has his fastball……however, the end of the speech sucked when he started fawning over O Man though….but the whole speech was a downpayment on Hillary 2016……after Michelle and Slick Willy, now we get to see this legend that they described tonight……still, Slick Willy laid out the argument for O Man as good as it could be done….got to give credit….
grim says:
September 6, 2012 at 7:01 am
Why can’t they just hold their applause until the end of the speech? Is there some kind of illuminated “Applause” sign over the stage? Or is there some kind of rule of etiquette here? When the meat stops flapping, you better start clapping?
Worst I saw was a horrorshow in Kinnelon. Previous owners tried to DIY flip it and made a terrible mess, they eventually gave up and abandoned it right before the winter. Pipes burst, flooded the house, froze, flood, froze, flood. You could see from the basement straight up to the second floor in spots. Everything was destroyed. I’ve never seen hardwood floors so warped and buckled, you couldn’t even walk. They shouldn’t have even had a lockbox on the place, as I’m sure the second floor structure was at risk. By the time the bank got it, ask was based on the upset, what a joke.
It went from being a solid $400k house to being a complete liability. It needed to be torn down to the foundation and rebuilt, there was nothing that could be saved.
23 – Yeah, too bad he can’t pinch hit for O’s second term.
Upside surprise from ADP, +201k.
The October Surprise this year is gonna be a doozy.
Grim it was small wonder.
Personally I like the selective memory of the donkey’s that that had total control of the government for the first two years of Chairman O’s presidency and the best they could manage was a terribly flawed healthcare bill 70% of the population didn’t want. that tells me more about that jive turkeys leadership than anything else that has happened the following 2 years. Also the problems started back with Nixon and the strenght of the American economy is what hid the structural problems with the governement spending. In the end all theories get proven or disproven and Kenseyian economics has been getting kicked in the teeth pretty hard for the last 4.5 years.
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Jobless claims a better than expected 365k
30. Cue the music……….”looks like we maaaaaaaade it!”
#12 I worked back in the day with a lot of people like Romney, and they are all like that. I think it is part of their thing if you will.
#18 The Pacer and the Gremlin, they did not come uglier than those 2 cars.
32. It’s called a personality vacuum and the only time they feel truly comfortable is when they are sailing or golfing with their peers. Other CEOs….and such. Thing is and this is from my .005 Uncle who sez Mitt has never run a business or sat on a board….he simply was in another game that didn’t necessarily give him management experience.
make that .005 %….there that makes more sense. maybe.
#34 It is not that. Without being disrespectful it is the Mormon thing.
33. forgetting the Matador….
36. Didn’t Napoleon Dynamite make Mormonism cool?
“#18 The Pacer and the Gremlin, they did not come uglier than those 2 cars.”
Don’t forget about those yellow Datsun B210s. Those things lasted forever, unfortunately. Also the Pontiac Fiero was pretty silly looking. I remember the rumour being that it was manufactured to use up undesired spare parts.
Grim [3];
Where o’ where is David Lereah?
Perhaps living comfortably off the residuals from his Feb 2006 best-seller titled “Why the Real Estate Boom Will Not Bust – And How You Can Profit from It: How to Build Wealth in Today’s Expanding Real Estate Market”.
Heh.
[39] lib,
And the subaru Brat with those bizarre jumpseats.
Grim [5];
“Get the hell out of the market” sounds like a fantastic federal housing strategy to me. The absence of intervention is not the absence of a plan.
[22] ax,
What slick Willie neglected to mention was that much of the current state can be tied to two of his legislative achievements and the sugar-high tech bubble that he fostered.
Clinton was one of our better republican presidents.
hey you could get a gremlin x with a 304 V8 in it. Power to weight ratio made that ugly little car move. Matador was probably the ugliest thing on 4 wheels loved that they used them as villan cars for the joker in the Michael Keaton batman movie. But by far my favorite AMC had to be the AMC eagle a station wagon mounted on a jeep cj body. the first true cross over. You know your old when you remember a car company worse than Chrysler. When they merged it was like two hillbilly cousins getting married.
Bill was our best black prez
JJ [18];
My brother had an AMC Pacer, coolest thing was drivers door was actually a bit shorter than passenger door.
Hundai has a car out thats actually the reverse. The driver’s side has one 2-door size door that lets someone climb into the back seat; the passenger side has two 4-door size doors.
[12] grim,
He used to be looser, back when I was in Mass. Gave teddy a good scare and reduced him to a fulminating wreck in one debate by being so cool, it irked teddy.
Fact is, he is swimming upstream against not only well organized oppo but an openly hostile press and the blogosphere that will open fire on every gaffe, actual or otherwise. so can you blame the campaign for not wanting Romney to go off message?
I love the smell of a unlimited sterilized european bond buying program in the morning.
JJ [15];
Propertyshark.com?
I aspired to an AMC Eagle, from my perch in my Fairmont Futura…..
Finding the mortgage is easy, it’s public record.
But finding the outstanding balance? Difficult, especially is a foreclosure isn’t filed.
Easiest way is to look at the mortgage docs and assume normal amortization (easier to do on a fixed rate loan, tougher on an adjustable). Assuming no principal payments is a pretty safe bet as well.
Once you go into default, it becomes damn near impossible to get the upset before it’s made public (fees, penalties, partial payments, etc etc).
where would you find that info on a particular house? Is there a website, for now just want to know what bank I am dealing with. Thanks
grim says:
September 6, 2012 at 10:06 am
Finding the mortgage is easy, it’s public record.
I had an 1976 AMC Jeep CJ7 with the Levi package that came with the 304v8. Manual steering, manual brakes, no radio, no options, not even heat or floor mats, three speed stick.
I raced my friends mint 1982 Corvette off the line. In four wheel drive, no options and no top on and one passenger the car could not spin tires, it just lurched forward and almost broke your neck. With only a three speed manual only one shift to get to 60mph. I was like five car length ahead of him before he started. The javelin had same engine and was a much heavier car
Painhrtz – I am a meat popsicle says:
September 6, 2012 at 9:49 am
hey you could get a gremlin x with a 304 V8 in it. Power to weight ratio made that ugly little car move. Matador was probably the ugliest thing on 4 wheels loved that they used them as villan cars for the joker in the Michael Keaton batman movie. But by far my favorite AMC had to be the AMC eagle a station wagon mounted on a jeep cj body. the first true cross over. You know your old when you remember a car company worse than Chrysler. When they merged it was like two hillbilly cousins getting married.
anyone sitting in cash since June is officially toast. ok I admit it I bought some european stocks in a TBTF rehash and Daddy is getting paid today. Only dipped toe in, but still now I am long around 150K European stocks and bonds, daddy hopes house comes through as I would love to have the europeans pay for my beach house .
Sure, asking price is a little high. But look at those property taxes! What a steal!
goo.gl/EzLXe
[33] I remember when the Pacer came out in the mid 70’s. To me it looked like an inflated Gremlin. We had a history teacher in HS who some started calling Pacer because she was short and looked inflated to the point of bursting too.
#18 The Pacer and the Gremlin, they did not come uglier than those 2 cars.
“ok I admit it I bought some european stocks in a TBTF rehash”
I was wondering if you were going to.
Anyone have Art Modell in their death pool?
[41] Nom – Do you know the history behind those jump seats? They were installed to get around a stiff import duty on Japanese pickup trucks. With the seats installed they were classified as 4 passenger vehicles and not trucks.
And the subaru Brat with those bizarre jumpseats.
Subaru Brat –
American versions also had carpeting and welded-in rear-facing jumpseats in the cargo area—serving actually to circumvent a tariff known as the Chicken tax. Although the BRAT could fairly be called a truck, the plastic seats in the cargo bed allowed Subaru to classify the BRAT as a passenger car. This both left little cargo space, and it also caused a few fatalities in accidents. Now you can buy seats to go in the cargo area, but these are much safer as they have five-point seat belts. Passenger cars imported into the US were charged only a 2.5% tariff, compared to 25% on light trucks.
The End Is Nigh (Frozen Dairy Dessert Edition):
‘Do Me’ a flavor
Ben & Jerry slap p0rn copycats
By BRUCE GOLDING
I scream, you scream, we all scream for . . . p0rn flicks?
Ben & Jerry’s sued a X-X-rated movie company yesterday for selling hard-c0re DVDs that spoof the famed ice-cream company’s labels and flavors.
Caballero Video’s “Ben & Cherry’s” line of smut features “titles and themes that are based on and deliberately trade upon” Ben & Jerry’s trademarks, court papers charge.
Examples cited in the Manhattan federal-court suit include the dirty movies “Boston Cream Thigh,” “Chocolate Fudge Babes” and “Peanut Butter D-Cup.”
Ben & Jerry’s says those titles are deliberate rip-offs of its “Boston Cream Pie,” “Chocolate Fudge Brownie” and “Peanut Butter Cup” flavors.
Even the company’s wildly popular “Cherry Garcia” got renamed “Hairy Garcia” for a series of fet!sh films featuring hirsute honeys.
And a flavor inspired by funnyman Stephen Colbert — “AmeriCone Dream” — became the gay-themed “Americone Cream,” with a cover featuring a photo of three obviously excited nude men.
Other flavors, including “Banana Split,” “Coconut Seven Layer Bar” and “Late Night Snack,” were turned into titles too filthy for publication in a family newspaper.
And while Ben & Jerry’s touts itself as “Vermont’s Finest,” the company says its “famous and distinctive” logo got twisted into “P0rno’s Finest” on the DVD covers.
Other design elements allegedly lifted from the ice-cream company include its containers’ “large white puffy clouds,” “light blue sky,” “green grass” and “grazing cow.”
Court papers say a “side-by-side comparison” easily “evidences defendants’ blatant and outrageous copying and misappropriation of the Ben & Jerry’s intellectual property.”
They seek a court order directing that North Hollywood-based Caballero “deliver for destruction” all its allegedly infringing DVDs and related promotional materials.
Ben & Jerry’s is also demanding all of Caballero’s profits from peddling the prur1ent products, along with unspecified damages.
According to Ben & Jerry’s, Caballero’s abuse of its trademarks for “hard-c0re and exploitative” p0rn “is likely to cause confusion in the minds of consumers” who may mistakenly associate the skin flicks with Ben & Jerry’s wholesome treats.
Caballero execs Daniel Mamane and Tomer Yoffe, who are named as defendants in the suit, didn’t return a call for comment.
unmod
“I love the smell of a unlimited sterilized european bond buying program in the morning.”
Attention Germany, get back to work. Club Med europeans need to take another vacation and retire early.
Is anyone else getting like 10 calls a day to their landline at home (if you still got one) from electricity providers?
Urrp is toast. Germans will say nein to all attempts to monetize.
Stu,
I just answered an automated one yesterday and hung up. Wife says she’s been getting several a day starting this past week.
Urrp is toast. Germans will say nein to all attempts to monetize.
So true Clot. However, robots love the headlines and view this new program as outright money printing or the step prior to outright printing. This is pure theater and fits in well with Obama’s speech tonite. BTFD!
Like I have stated earlier, I kinda feel sorry for Mittens. He does not have robots, central banks and the ministry of propaganda to help get him elected.
I am getting all out of the market right after the election.
Grim; re 12; Max Headroom
I’m really not one to screen calls, but lately five of six calls are energy providers. I don’t even answer it.
Lib got one last night
moose every cleveland browns fan. somewhere my college roomate is probably lighting a bong hit to his doom right now. i’m pretty sure he still smokes and boy did he hate modell
Some grape Koolaid to balance the cherry:
“President Obama promised to begin to slow the rise of the oceans and to heal the planet. My promise is to help you and your family.” – Mitt Romney during RNC speech
My family doesn’t need anyone’s help! We are Super.
Free agent football signing……
http://www.bloomberg.com/news/2012-09-05/barclays-hires-ex-jet-chrebet-s-team-from-morgan-stanley-1-.html
Look the average american is doing great, stocks and bonds are way up last four years. Housing is meaningless to average american, we buy our POS live in it to we die.
America is a great country. Where else can folks like me become multimillionaires from nothing simply because I am incredibly good looking, smart and hung like a Laker Forward. Look for me at the Jet game Sunday, I might get a lapdance from Kate Upton just to annoy Sanchez, he can have his cougar eva longeria, she is too old for me.
HARP, TALF, refi your pig programs were all stalled b/c it harmed the banks to refi to eligible borrowers, and some (not many) of the borrowers otherwise ineligible for refi now finally have 12 months of not being late. POLITICS, pure and simple.
One could conclude the Office of Thrift Supervision got the blame-monkey so that it could be absorbed into the Office of the Comptroller of the Currency.
Keep smoking that hopium, you fools!
Keep fanning the flames.
jj(73)-
Nothing like a guy who works in numbers and finance who’s had multiple head injuries.
Money – Don’t worry he just meets with clients according to the article. Basically the casino greeter job tha old heavyweight champs would get in Vegas. Wayne was a smart kid in high school but running into some of his buddies from the old haunts his brain ain’t what it used to be. Then again I haven’t seen him in person since 1992 so I am not an authority on his mental accuity. Chi may want to weigh in.
FWIW, the feds are still adding attorneys in the same areas where they have been adding for years now. Homeland Security (mostly immigration), DOJ civil rights Div, and LaboR.
Surprised I am not seeing ramp ups on other areas, such as DOJ and IRS.
http://mycrains.crainsnewyork.com/blogs/in-the-markets/2012/09/builder-sees-improving-housing-market/#.UEjT2pc1ToY.twitter
Hov on the comeback trail
S&P 500 Blows Right Through 1,420 Barrier and Keeps Rising
Isnt the S&P more important than home values? Hope everyone has already made their last 2012 401k contribution already.
I mean my 401K balance is higher than my home value. Considering how 401k values have shot up these last four years while homes fell in value I am sure for most people over 50 housing is meaningless next to 401k values.
Finally, the damn wusses in Europe get their shlt together and we all get rewarded from a booming damn stock market. ECB oversight means an end to stinking damn socialism—it is now officially dead and stinking. Those spoiled brats over there ain’t gonna like it though because they have to give up their stinking healthcare, six month vacations, parental leave and their generally screwing around and not working. Now they get to experience the real world like we have in America where you have to work for a damn living. You know who I feel bad for? The poor banks who’ve had to worry about whether they’re gonna get their damn money back from these stinking lazy ass liberals over there. I can’t tell you how glad my heart is to see them have to function in the real world like we do here in America! You can’t get things austere enough for me. Cut them to the damn bone and them some as far as I’m concerned.
>>>>S&P 500 Blows Right Through 1,420 Barrier and Keeps Rising
Isnt the S&P more important than home values? Hope everyone has already made their last 2012 401k contribution already.
I mean my 401K balance is higher than my home value. Considering how 401k values have shot up these last four years while homes fell in value I am sure for most people over 50 housing is meaningless next to 401k values.<<<<
Damn straight! I've been admiring your posts for awhile man. You're the only one making sense to me here. Most here are wringing their hands and moaning like a stinking Chicken Little. Real men buy this market while the damn wusses run around waiting for the damn sky to fall.
reinvestor101 says:
September 6, 2012 at 12:59 pm
BALLS DEEP INVESTING
>>>>S&P 500 Blows Right Through 1,420 Barrier and Keeps Rising
Isnt the S&P more important than home values? Hope everyone has already made their last 2012 401k contribution already.
I mean my 401K balance is higher than my home value. Considering how 401k values have shot up these last four years while homes fell in value I am sure for most people over 50 housing is meaningless next to 401k values.<<<<
Damn straight! I've been admiring your posts for awhile man. You're the only one making sense to me here. Most here are wringing their hands and moaning like a stinking Chicken Little. Real men buy this market while the damn wusses run around waiting for the damn sky to fall.
and another damn thing! how the hell are we supposed to win a damn election when they are parading Slick Willy out there with his “i’m gonna make complete sense and tell it like it is” speech and we won’t even let our best asset speak for us??? Sarah Palin shoulda been speaking every damn night at the RNC. Instead of having that disgusting tub 0′ lard Christie out there contradicting Stepford Wife Ann Romney we shoulda had Sarah telling it like it is…you betcha!
RE [82];
BALLS DEEP INVESTING
Speaking of which, and Chrebet above, anyone heard from Lenny “NAILS” Dykstra lately? How’s his investment business going?
I heard monica is now a republican since clinton left a bad taste in her mouth
reinvestor102.7 says:
September 6, 2012 at 2:33 pm
and another damn thing! how the hell are we supposed to win a damn election when they are parading Slick Willy out there with his “i’m gonna make complete sense and tell it like it is” speech and we won’t even let our best asset speak for us??? Sarah Palin shoulda been speaking every damn night at the RNC. Instead of having that disgusting tub 0′ lard Christie out there contradicting Stepford Wife Ann Romney we shoulda had Sarah telling it like it is…you betcha!
>>>reinvestor102.7 says:
September 6, 2012 at 2:33 pm
and another damn thing! how the hell are we supposed to win a damn election when they are parading Slick Willy out there with his “i’m gonna make complete sense and tell it like it is” speech and we won’t even let our best asset speak for us??? Sarah Palin shoulda been speaking every damn night at the RNC. Instead of having that disgusting tub 0′ lard Christie out there contradicting Stepford Wife Ann Romney we shoulda had Sarah telling it like it is…you betcha!<<<<
I must admit, even I was laughing at this one, BUT WHAT THE HELL ARE YOU DOING HERE? That's pretty damn close to what hell I'd say, but I'M SUPPOSED TO BE THE ONE SAYING THAT NOT YOU. THERE'S ONLY ONE ORIGINAL REINVESTOR–AND THAT'S ME, NOT YOU. GET YOUR OWN DAMN SCHTICK AND LEAVE MINE THE HELL ALONE.
I was just about to come here and talk about how I'd like to bed down with a woman like Ayn Rand and you disrupted the whole damn discussion
Bed down?
>>>Libtard in the City says:
September 6, 2012 at 3:24 pm
Bed down?<<<
Hell yeah. Ayn Rand was hot as a damn firecracker and that kind of woman turns me the hell on. Yeah, I'd definitely have a damn "Atlas" for her that she couldn't shrug off.
Lib I just had the same thought you did. eek RE disturbing even for your ramblings
>>> Painhrtz – I am a meat popsicle says:
September 6, 2012 at 3:35 pm
Lib I just had the same thought you did. eek RE disturbing even for your ramblings<<<
You stinking liberals don't understand shlt. In the damn republican party, Ayn Rand is loved. All I want to do is take it one damn step further and make love to her. What the hell is so damn disgusting about that? Hell, I'd love that woman to have my damn baby.
So re is braging houses rose like 3% last year or something, think of mortgages, taxes, maints, buying and closing costs. Meanwhile I could have click a buy button yesterday and a sell button today and made over 2% with transaction costs of like ten bucks. Lets see annualize that 2% and I am up over 700% annual yield.
90. U are insipid. Kneel before Zod.
I am not allowed to be photograhed next to the Atlas staute as he looks puny next to me.
RE101 [88];
Hell yeah. Ayn Rand was hot as a damn firecracker and that kind of woman turns me the hell on. Yeah, I’d definitely have a damn “Atlas” for her that she couldn’t shrug off.
I’m with JD on this one. http://www.johnderbyshire.com/April2012/page.html#objectivism
RE your inner dingbat is showing Rand is about as loved in the Republican part as a bad case of the crabs is loved by JJ
Pretty section of content. I just stumbled upon your site and in accession capital to claim that I get in fact loved account your weblog posts. Anyway I will be subscribing on your feeds or even I achievement you access consistently quickly.
I know and love Ayn Rand’s ideas, and her novels. Re101 doesn’t know any more about Ayn Rand than what his real author has read about her on the Daily Kos – actually less than nothing. And none of his fake posts suggest he knows more than how to play act a cross between Pat Buchanan and an irrational house flipper.
>>> Painhrtz – I am a meat popsicle says:
September 6, 2012 at 4:46 pm
RE your inner dingbat is showing Rand is about as loved in the Republican part as a bad case of the crabs is loved by JJ<<<<
This is a bunch of bullspit. You don't know what the hell you're talking about. WE LOVE AYN RAND and even Paul Ryan has a damn "Foutain Head" building up in his damn pants for her. Look and see for yourself, you stinking liberal:
http://www.youtube.com/watch?v=-JN6iwRJljo
He had better watch his ass though because I claimed her first. I'd love her to have my baby and the only conservative that I might take a back seat to on that would be Milton Freidman. Shlt, can you imagine a baby born to that union? That might be slightly better than the baby born from my union with her.
What would your husband say?
reinvestor101 says:
September 6, 2012 at 3:32 pm
>>>Libtard in the City says:
September 6, 2012 at 3:24 pm
Bed down?<<<
Hell yeah. Ayn Rand was hot as a damn firecracker and that kind of woman turns me the hell on. Yeah, I'd definitely have a damn "Atlas" for her that she couldn't shrug off.
*On the morning of September 17, Occupy Wall Street will seek to disrupt business as usual on Wall Street as follows:
1. Public parks on the periphery of the district will function as green assembly points shared by all action participants.
2. Within the general boundaries of this periphery, there will be the following clearly delineated action spaces:
1. A group will amass at the intersections immediately surrounding the New York Stock Exchange and seek to hold space.
2. A group will distribute itself in mobile units throughout the Financial District and seek to circulate between as many intersections as possible.
3. Other groups or individuals may carry out autonomous or mass actions, which will constitute additional delineated spaces in this list.
Me and RE 101 will defend our right to be captialists
I only do it in fresh holes.
Painhrtz – I am a meat popsicle says:
September 6, 2012 at 4:46 pm
RE your inner dingbat is showing Rand is about as loved in the Republican part as a bad case of the crabs is loved by JJ
[92] superman
I am Zod. No, really.
102. Be well Zod. Your cause is just. And yet Superman wins.
[103]. SX,
Actually that stems from the time the.movie came out. I had a mustache and thin chin beard. I was in a pool at a ski resort and came out of the water hair slicked back. My sister and her boyfriend looked at one another and them started bowing and chanting “All Hail General Zod.”
#63 –
Yes, getting calls from them.
When I moved to NJ I decided not to get a land line. After a few years, when we were going to upgrade our internet/cable, I was told that I could add a landline for free with no contract – so I figured what the heck I might as well – after all it’s not going to cost me. Not only is in NOT free and I found out I do have a two year contract, but I am bombarded with marketing calls all day. They must have sold my number. It’s like I paid to add a line to be harrassed. I never answer my phone now and delete all my messages.
>>>Ragnar says:
September 6, 2012 at 5:11 pm
………. Re101 doesn’t know any more about Ayn Rand than what his real author has read about her on the Daily Kos – actually less than nothing. And none of his fake posts suggest he knows more than how to play act a cross between Pat Buchanan and an irrational house flipper.<<<
What the hell? This just HAS to be the stinking RINO Awest. Do you know why you damn RINO's are suspect? You try to get too damn intellectual on us and want to talk about what you're reading. Guess what punk? We in the damn T-party don't give a tinker's damn about what you're reading. I get my information from Fox and they tell me all the hell I need to know about my baby Ayn and everything else I need to know.
>>>>Ragnar says:
September 6, 2012 at 5:11 pm
I know and love Ayn Rand….<<<<
Guess what you RINO punk, I loved her first and she will never be with you, so get over it. Yeah, I'm watching that video interview with Mike Wallace right now. Man is she sexy! I'm watching her dark eyes dart around as she responds to Wallace…and I……….getting excited………..ahhhhhhhhhh……ohhhhhhhh…..
..whoooo………….ohhhhhhhhhhhhhhhhhhhhhhhhhhhhh shlt.
Dammit, made a damn mess here. Gotta go.
Any time Lawrence Yun opens his mouth, I want to seal it shut with tape.
Grim – David Lereah has been tring to muscle in on your action for a few years now.
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