tag:blogger.com,1999:blog-18675105.post115922295057135396..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: HousingPanic Exclusive: The Iamfacingforeclosure.com kid is gonna put his site back up, was threatened by his mortgage brokerbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-18675105.post-1166554778271635552006-12-19T18:59:00.000+00:002006-12-19T18:59:00.000+00:00I told you the big guys were making those wank pro...I told you the big guys were making those wank programs just to save their job! Looky here! Who's goin to jail. no the little guy<BR/><BR/>Hat tip to L for spotting this news release [1] earlier today announcing that the US (in the person of F&F’s regulator OFHEO) would be pursuing civil charges against three former Fannie Mae executives. <BR/><BR/>“The 101 charges reveal how the individuals improperly manipulated earnings to maximize their bonuses, while knowingly neglecting accounting systems and internal controls, misapplying over twenty accounting principles and misleading the regulator and the public. The Notice explains how they submitted six years of misleading and inaccurate accounting statements and inaccurate capital reports that enabled them to grow Fannie Mae in an unsafe and unsound manner. The misconduct cost the Enterprise and shareholders many billions of dollars and damaged the public trust,” [OFHEO Director] Lockhart said.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1166554681724846232006-12-19T18:58:00.000+00:002006-12-19T18:58:00.000+00:00Hat tip to L for spotting this news release [1] ea...Hat tip to L for spotting this news release [1] earlier today announcing that the US (in the person of F&F’s regulator OFHEO) would be pursuing civil charges against three former Fannie Mae executives. <BR/><BR/>“The 101 charges reveal how the individuals improperly manipulated earnings to maximize their bonuses, while knowingly neglecting accounting systems and internal controls, misapplying over twenty accounting principles and misleading the regulator and the public. The Notice explains how they submitted six years of misleading and inaccurate accounting statements and inaccurate capital reports that enabled them to grow Fannie Mae in an unsafe and unsound manner. The misconduct cost the Enterprise and shareholders many billions of dollars and damaged the public trust,” [OFHEO Director] Lockhart said.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1160618211915291162006-10-12T02:56:00.000+01:002006-10-12T02:56:00.000+01:00Find The secret to the secret at http://loans4bill...Find The secret to the secret at http://loans4bills.com/. If you want to find out how you can get <A HREF="http://loans4bills.com/" REL="nofollow">home equity loan - is it for you</A> help visit usAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159766230788371612006-10-02T06:17:00.000+01:002006-10-02T06:17:00.000+01:00"Casey's "business" was built on fraud. In fact, I..."Casey's "business" was built on fraud. In fact, I wouldn't consider it a business at all. Let's call it what it really was: a scam."<BR/><BR/>First of all, it's not Casey's fault. It's the Banks fault for lending him all that money. Second if he would of done what he did two years earlier he would of been a millionaire at 24 and considered a genius. Most people that are successful had to take risk and work the system to achieve the required end result. In my opinion, the problem was his timing and that he took too much risk.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159374256487854302006-09-27T17:24:00.000+01:002006-09-27T17:24:00.000+01:00I can't believe that anyone could suggest that the...I can't believe that anyone could suggest that the lenders are responsible for this sort of behaviour. Granted the great mass of Americans are in general innumerate. But that does not excuse their fundamental responsibility to actually think at least once or twice a year. The lenders are responsible only to their shareholders for losing money...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159296133813503612006-09-26T19:42:00.000+01:002006-09-26T19:42:00.000+01:00He changed the message again:Stay tuned...I just w...He changed the message again:<BR/><BR/><I>Stay tuned...<BR/><BR/>I just wanted to share my experience. Didn't mean no harm. <BR/>Now I need a good attorney (preferably one that's internet/blog savvy), QUICK!<BR/><BR/>Casey Serin</I><BR/><BR/>Looks like a joke.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159296036289325772006-09-26T19:40:00.000+01:002006-09-26T19:40:00.000+01:00CountryWide and that gang is responsible. Casey wo...CountryWide and that gang is responsible. Casey would of bought and sold cocaine or whatever 'bluesky' was presented to him. In the long run it's gotta be the person who approved the guidelines for the loan that must be jailed along with Casey, just as the major drug distributors would be held responsible. If you wrote the guidelines for a no,no,no, loan, you know that it's the last grasp at salvaging your upper echelon job. You also know that Casey doesn't make what he does, and that postmen and butchers don't make $9k monthly [an fractiously small exception to this statement do], but you wrote the guideline out of sheer greed, KNOWLINGLY accepting loans from Casey. It's the knowing contribution to the crime that will prevail. It's all we have against the tobacco industry, it's what we'll have against the mortgage industry. The difference is there is no smoking gun in the tobacco industry as it's all disputable with scientists on both sides. There's an aproval signature on those guidelines.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159285656933491942006-09-26T16:47:00.000+01:002006-09-26T16:47:00.000+01:00Well well well, I see that the chickens are finall...Well well well, I see that the chickens are finally coming home to roost. <BR/><BR/>Keith is correct in assuming that there are many more little Caseys out there. Up untill last year, I had been a mortgage loan officer for the previous five. In that five years I saw many people start new "businesses" that were doing the same basic thing little Casey was. And this was in the midwest, we hav'nt seen prices decline in my neck of the woods yet, but I think we are getting close. I hope all the new "business men" remember the words I spoke to them before that time arrives: "Don't be the one holding the hot potato when the music stops, and stop it will" I doubt if many will though. I'm almost thankfull really. You see, In my opinion, the jewish banks that made these loans deserve all the hardships they will endure taking back possesion of the over leveraged properties. I just hope we don't let them escape this time, like we did during the last great depression. This country could sure use a lot more windchimes, and these swindling bankers are just the people to make them. Always remember, hold the people that invented the system responsible, not the people it traps. History is repeating itself again folks, lets break the cycle once and for all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159275258108262832006-09-26T13:54:00.000+01:002006-09-26T13:54:00.000+01:00I have no problem believing that Countrywide made ...I have no problem believing that Countrywide made some of these loans. They made my loan, and did NOT verify:<BR/><BR/>-Employment<BR/>-Income<BR/>-Assets<BR/>-Mortgage or rental history<BR/>-Occupancy<BR/><BR/>Just a 680 credit score and 5% down gets you a conforming, fixed rate (with PMI). I thought it was kinda scary, but was glad I was able to do it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159269122610777812006-09-26T12:12:00.000+01:002006-09-26T12:12:00.000+01:00Kieth they most likely picked it up from the bigpi...Kieth they most likely picked it up from the bigpicture blog.Metroplexualhttps://www.blogger.com/profile/14292504988481464302noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159252683978229582006-09-26T07:38:00.000+01:002006-09-26T07:38:00.000+01:00first hp post: 9/21paranoid ben's first blog post ...first hp post: 9/21<BR/><BR/>paranoid ben's first blog post - he hasn't out of paranoia of having to credit HP<BR/><BR/>HP broke this story for the bubblesphere. deal with it.bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159250181951129932006-09-26T06:56:00.000+01:002006-09-26T06:56:00.000+01:00Why isn't tabasco jenkins calling for illegal immi...Why isn't tabasco jenkins calling for illegal immigrants to be deported? They are immigrants who broke the lawAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159236160996873992006-09-26T03:02:00.000+01:002006-09-26T03:02:00.000+01:00For my take on the Casey Serin saga, check out my ...For my take on the <A HREF="http://slcrealestate.blogspot.com/2006/09/real-estate-blogs-galore.html" REL="nofollow">Casey Serin saga</A>, check out my blog. And no, it's not a ream Casey job like they did on Ben Jones blog.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159232751375245882006-09-26T02:05:00.000+01:002006-09-26T02:05:00.000+01:00Why isn't Keith calling for Casey to be deported? ...Why isn't Keith calling for Casey to be deported? By all accounts, he is an immigrant who committed a felony.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159231112851536182006-09-26T01:38:00.000+01:002006-09-26T01:38:00.000+01:00"Seth at Motley Fool picked the story up today (ti..."Seth at Motley Fool picked the story up today (tipped off by HP but didn't credit us)."<BR/><BR/>The reason why you don't get credit is because you weren't first with the story. A poster on Ben's blog had this before you did!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159230312726095032006-09-26T01:25:00.000+01:002006-09-26T01:25:00.000+01:00I have visions all the time....but i don't act on ...I have visions all the time....but i don't act on all of them!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159230269451628272006-09-26T01:24:00.000+01:002006-09-26T01:24:00.000+01:00He had a vision? Well he needs lasik as well!He had a vision? <BR/><BR/>Well he needs lasik as well!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159229941043189352006-09-26T01:19:00.000+01:002006-09-26T01:19:00.000+01:00C'mon people! Let's give Casey a break. He had a v...C'mon people! Let's give Casey a break. He had a vision for something great and he tried his best to make it happen. Not every business succeeds, in fact many fail. He had the guts, the vision and the nerve to be great. <BR/>++++++++++++++++++<BR/><BR/>Casey's "business" was built on fraud. In fact, I wouldn't consider it a business at all. Let's call it what it really was: a scam.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159229595756457132006-09-26T01:13:00.000+01:002006-09-26T01:13:00.000+01:00OOooohhhhh, threatened by his mortgage broker! OOo...OOooohhhhh, threatened by his mortgage broker! OOoooohhhh!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159228833954388282006-09-26T01:00:00.000+01:002006-09-26T01:00:00.000+01:00Anon (casey) give Ken Lay & Jeffrey Skilling a bre...Anon (casey) give Ken Lay & Jeffrey Skilling a break, they had a vision and went for it. So what if innocent people get screwed, they had good ol american moxie.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159228556198336422006-09-26T00:55:00.000+01:002006-09-26T00:55:00.000+01:00C'mon people! Let's give Casey a break. He had a v...C'mon people! Let's give Casey a break. He had a vision for something great and he tried his best to make it happen. Not every business succeeds, in fact many fail. He had the guts, the vision and the nerve to be great.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159228157676437682006-09-26T00:49:00.000+01:002006-09-26T00:49:00.000+01:00keith, just leave the kid alone.keith, just leave the kid alone.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1159224775793984572006-09-25T23:52:00.000+01:002006-09-25T23:52:00.000+01:00"was threatened by his mortgage broker" - I missed..."was threatened by his mortgage broker" - I missed this one. Did Serin say that?Anonymousnoreply@blogger.com