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Re: Bruce A Thompson post# 259784

Saturday, 10/25/2014 8:54:16 AM

Saturday, October 25, 2014 8:54:16 AM

Post# of 790632
Bruce, do you think he wrote that himself or was that one of his clueless minions in his office regurgitating whatever college they are attendings teachers are telling them.
We all know college students and teachers are mostly Dems and Liberals. It's been that way for years. If he did respond with that stupid naive statement then I'm voting the other way. I'm in Miami, born and raised, had a mtg Co before and during the boom. I know first hand who created the crisis, I worked 80% with A paper and dabbled in the sub prime, ALT-A, B/C, the reps from the non A paper lenders or F&F paper were making money hand over fist refinancing every one every year or two, lending monet to anyone. This is the private money that put F&F in thus position. It's back now as well in the form of hard money loans, usually because F&F will not finance the borrower, be it foreign nationals or some that have not received established credit but have cash. I remember New Century Mtg, Argent Mtg, CounrtyWide Mtg. These are some of the big lenders ALT-A B/C that caused the crash. I hope that this guy gets a clue or his minions dive deeper into what happened cause I saw it go down first hand. F&F bought A paper loans. If you got a DU approval you had a choice of whom to lock the rate with and how long. Anyway GLTY go F&F and longs.
Miami has become unrecognizable too me now definitely not the place I grew up.