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Credit Party Not Quite Over


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2007 Jun 20, 4:52am   14,554 views  125 comments

by Patrick   ➕follow (60)   💰tip   ignore  

I was amazed to get this email flyer from a mortgage broker today, showing that a major bank is still accepting no-downpayment loans with "stated income" - meaning you can lie about your income and they will not investigate.

100% STATED* is Still Available...Submit Today while it's Still Offered!!
>>>Last day to submit 100% Stated transactions is JUNE 25th!< <<

Submission requirements:
HE Application
1003
Credit Report
Submit and Decision Stand-Alones ONLINE at www.(deleted).com

*Credit scores as low as 680 for SIVA - requires 6 months PITI, seasoned for only 1 Month (most current bank statement)

Applications submitted on/or before June 25th, 2007:
â—¦ 660+ 100% to $500k, FULL DOC, o/o*
â—¦ 680+ 100% to $150k, SIVA, o/o*
â—¦ 700+ 100% to $200k, SIVA, o/o
â—¦ 740+ 100% to $250k, SIVA, o/o

Applications submitted AFTER June 25th 2007:
â—¦ 680+ 100%, FULL DOC ONLY, o/o
â—¦ 680+ 90% Max CLTV, SIVA, o/o

HOME EQUITY RATES:
See attachment

100% STATED is Going Away –

June 25th is the Last Day to Submit 100% Stated

SUBMIT TODAY!!!!

"Think of the possibilities! Sell Second Mortgages!" If you're not selling seconds, you are missing a 9 TRILLION Dollar opportunity.

#housing

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120   Eliza   2007 Jun 22, 2:26pm  

2 standard deviations from the mean weight (for height, I am guessing?) would be a hazardous standard, simply because muscle is heavy stuff, and very fit people can be rather heavy--and we're not just talking professional athletes, either. Any person who is extremely fit can end up being shockingly heavy as compared with their height and appearance. Also, recent evidence suggests that genuinely overweight people who exercise regularly tend to be healthier than thin people who never exercise--and details like that would matter if we're talking about cutting people off from public, universal health insurance.

But I take your meaning. I also support universal healthcare, but I worry that Americans tend to try to make the most of what they are given--and not in a good way. There would need to be some structure in place to assure that medical care was being used responsibly. And there are ways to do that--I would think the focus would shift to education and prevention, which would hopefully lead to a cultural shift--everyone changing their ways at once.

And there's still the thorny problem of expensive miracle cures. At what point do you decide that an extremely ill or elderly person does not get to try the latest surgery or innovation that could perhaps allow them a little more life? Because that sort of thing gets expensive. One miracle surgery is vaccine for a thousand kids.

121   Different Sean   2007 Jun 22, 7:31pm  

Casey has moved to Sydney!

Blogger learns how to monetise hate

However, he also needs emergency accommodation for a few days, so I generously...

122   surfer-x   2007 Jun 22, 8:07pm  

HARM, we need to call a bored meeting of Harm-X Industries. LLC, GmbH.

On 7.7.7 bring seven of something.

BLOG PARTY - HOUSE WARMING.

123   DinOR   2007 Jun 22, 9:07pm  

I nominate David Spade to play CS when the movie comes out! Now there's a guy that looks perfectly comfortable with his lips wrapped around soy latte'!

I'm none too sure about the Aussie press. The "application" of "haterz" concerns me? I can't say for certain but is CS being portrayed as a victim here? It's as if the press down under knew all along that the collapse in U.S real estate (duh) was inevitable and CS was duped into his "venture". If ever I'm accused of fraud I know where I'm heading! "Industrial strength vitriol"? Uh... ever heard Surfer-X tear into MP/FR/CR!?

124   Jimbo   2007 Jun 24, 4:15am  

Perhaps that Marxist website isn't the most convincing proponent of my point of view, but I have read in both the Wall Street Journal and Economist that by most people's measure of class mobility, the US has fallen behind Europe. I was actually googling for "class mobility" and that one came up first.

125   skibum   2007 Jun 24, 8:06am  

I was actually googling for “class mobility” and that one came up first.

Have you stumbled upon Marxist spam?

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