-Another F@CKED Borrower- casualty of the housing bubble

Soft Landing??? Not so much...

2009-03-31T09:27:00.001-07:00

So much nonsense going on in this country, where to start?!?!?I will keep it simple for now, and I just want to put this article out there for all the 'experts' and real estate geniuses of a few...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

R.I.P Personal Responsibility...the guvment is in charge now

2009-02-18T11:42:00.000-08:00

I want to apologize to all the readers that read this blog and decided NOT to purchase a house. Had I know we could have bought houses that we couldn't afford, at rates that we 'knew' were going to...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

Like many stupid borrowers, Congress ’signs’ something they never read

2009-02-13T16:09:00.000-08:00

I don't know what to say. I am really and truly at a loss. They said they would give 'the people' 48 hours to see the final bill before they voted on it. The 1100 page bill wasn't even complete...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

My 'Christian Bale' take on things...F@CK!!!

2009-02-04T15:23:00.001-08:00

It's been a while since I last posted. I got it. There have been lots of things on my mind, but I have just been watching and waiting as there is a TON of information to digest. Not to mention I...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

New ad for the 'big 3'!

2008-12-09T21:49:00.001-08:00

I don't have time for a long post, but I received this 'ad' in my e-mail inbox today, and thought it was entertaining and appropriate to share. This bailout for the 'big 3' is just ridiculous. I...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

Automaker CEO’s - making as much sense as 125% LTV stated income loans

2008-11-24T00:49:00.000-08:00

I know this is a few days late, but I wanted to get a few quick thoughts out on the automaker testimony. I know it has been a while, but I have been trying to decide where to take this blog next. ...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

Flashback: A trillion dollar game of JENGA!! (Dec 9th, 2005)

2008-10-07T17:13:00.000-07:00

I am working on some new material, but I have been out of town for the past week for work. That said, I found this post that I wrote on December 9th, 2005. I think it is ’somewhat’ related to what...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

'Extreme Home Makeover' sees family foreclose on 'free' house

2008-07-29T23:24:00.000-07:00

Getting a 'free' $450,000 construction job, a paid off mortgage, and $250,000 in cash and scholarship money just wasn't enough for one Extreme Home Makeover family who is getting foreclosed on 3...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

Soft Landing too much for Indy Mac...and exposes lack of cushion for Freddie's Fannie

2008-07-16T18:43:00.000-07:00

It is no secret that all the real estate experts were correct, we are experiencing our soft landing. This soft landing is merely weeding out the small and weak companies such as Indy Mac, and...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

"There will be a soft landing...if it even goes down"

2008-07-08T00:00:00.000-07:00

Remember when that is all you would hear from Real Estate professionals, mortgage brokers, the MEDIA, etc. Well, I guess it wasn't true. I know I haven't posted here in a while. I have been very...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

I guess housing doesn't always go UP!!

2008-03-18T00:37:00.000-07:00

Yes, I know, it has been way too long. But at least we are starting to see some signs that we were in a real estate bubble...right?!?!? I guess when major a major Wall Street investment firm gets...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

Uhh-Ohh… Looks like the ‘wealthy’ people got a little carried away too. I told you this was coming!

2008-01-18T01:01:00.001-08:00

Wow, what interesting times we are in right now! American's largest lender Countrywide was teetering on the brink of bankruptcy. American Express has to write off a measly 480 million that borrowers...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

What does ‘08 have in store for our economy and the housing market??

2007-12-26T13:11:00.000-08:00

I hope everybody had a Merry Christmas and is looking forward to fun New Year’s celebrations with friends and family. For those of you that have been reading this blog since 2005, you know that my...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

Politicians and Bush say ‘F-you’ to RESPONSIBLE Americans and extend the housing bubble 5 more years (at least)

2007-12-26T13:10:00.000-08:00

I don’t have time for a long post right now, but I will expound on this later. Today marks the day that America goes bankrupt in more things than just it’s finances. We are bankrupt in personal...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

Paulson’s comments: 3 years late and a few hundred billion dollars short (Not bad for guvment)

2007-11-07T22:52:00.000-08:00

I have been out of town for a rather large portion of the past 6 weeks. I have traveled all over the country and to our neighbors in Canada. I will say that it sucks to go to Canada and see ".90"...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

Rate cut WILL NOT save the housing bubble

2007-09-19T02:13:00.000-07:00

I don't have time for a long post right now, but I wanted to get my quick thoughts on the 50 basis point rate cut. Sadly, this will only make things worse in the long run. Unless the median income...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

Government says "NO" to Personal Responsibility - "We will do everything in our power to help those persons who didn't read the fine print"

2007-08-31T10:44:00.000-07:00

I am so MAD you don't even know!!!!!!! I don't even know where to start. I will just make some bullet points and talk about them. I just want to get this post up quickly as I need to go make some...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

Senator Dodd and Los Angeles Councilman Alarcon - BAILOUT BUDDIES?!?!?

2007-08-22T22:08:00.000-07:00

I told you it was only a matter of time until the politicians started talking BAILOUT for people that bit off more than they could chew. They can't have it both ways (or can they). They can't have...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

Waking up to a CNBC nightmare...the Hillary interview dissected

2007-08-09T23:05:00.001-07:00

First off, thanks to those people that keep commenting and e-mailing me their support even in periods of less than frequent postings. I know it seems like a lot is happening, and it is, but now that...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

Uhhh-Ohhh… The most creditworthy borrowers are defaulting now

2007-08-07T10:17:00.000-07:00

Well, well, well…I hate to say “I told you so”, but imagine my surprise (or lack thereof) one morning last week when I saw the following headlines on the Drudgereport. COUNTRYWIDE: Rise in mortgage...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

UPDATE...there is MORE bad news coming

2007-06-29T14:24:00.000-07:00

I know I haven't posted much lately...hasn't been much to say. Sure, I could analyze the way things are falling out, but a million other people are doing that. I gave my input as to what I thought...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

I know...it has been too long

2007-05-14T21:51:00.000-07:00

Yes, I know....it has been quite a while since the last post.I apologize. I have been out of town quite a bit, and I have been working on starting a new company.That said, this thing is going to...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

UPDATE: an FB situation 14 months later

2007-03-27T12:06:00.000-07:00

I know many of you are waiting for the next dose of subprime mortgage madness...don't worry...it is coming. I have been out of town quite a bit lately, and I am going to be gone a bit more. Don't...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

Part I - An INSIDE view (LITERALLY) of the subprime industry - New Century

2007-03-11T22:38:00.000-07:00

Over the next week or so, I am going to show you...literally, why the subprime mortgage industry is imploding. I have known this was coming for a good 2+ years now. Those that have read this blog,...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!

As bad as it is...the worst is yet to come

2007-03-08T12:57:00.000-08:00

I know, I know....it has been too long since my last post. I have been busy with other business interests yet still keeping an eye on the industry and what is going on. NOTHING that is happening...

Another F@CKED Borrower - An insider perspective on the mortgage industry and the housing bubble / bubblette / froth / or whatever you want to call it. Visit my website for full links, other content, and more!