Oh who do I trust more? The common thief of the common banker.

[shah269 0]

Dude I get it, we the average folks are fucked for the banks can do no wrong.....we the average guys just have to pay and pay and....pay.
A fee for this a fee for that and a fee for the fee.

And for now the banks own the fed, but you do know that those scum buckets who sit in DC need the avearge joes jote to keep those seats.

When things change and they will.....well it's going to be good fun to watch the banks pay and pay and pay.

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[billvon 3,120]

>And for a guy who pays 35% taxes

You don't pay 35% in federal taxes. (If this is an example of what you assume financially I can see why you don't think you got what you signed up for!)

[DougH 270]

Shah you don't get a single thing! The more you post the more you reinforce this fact. How many more mortgage and banker posts do you need to make before you can feel better about your piss poor choices?

"The restraining order says you're only allowed to touch me in freefall"
=P

[Southern_Man 0]

Quote

Or HSBC. The issue isn't the terms of the lending, it's an issue of down right theavery.
$3k for paper work...really!

How can any one defend that? I know I can't.

The issue is exactly the terms of the lending. For your current lender they want $3000 to pay off the old loan and grant you a new one. Lots of fees involved. If you don't like those fees, find another financial institution that will do it cheaper. like one of those foreign banks, or a credit union. Honestly $3000 is pretty cheap.

"What if there were no hypothetical questions?"

[normiss 898]

This is the crux of this (along with his many other) threads.
Shah, you quite simply do not understand.

Maybe you should find a real estate attorney to explain the details of the legal aspects of all the paperwork.
I'm positive they'll want a fee as well.
It's called a profession, just like the one you're in.
I'm somewhat surprised your boss isn't bitching about your exorbitant salary. Clearly you're only getting that salary because you can.

[shah269 0]

I'm sorry but I was in the right.
I bought a home I could afford in an area that was safe and secure.
A large number of financial "professionals" utilized various tools and techniques to provide lines of credit to those who had no right in having credit. However the drive to make even higher profits was quite nice and a good number of banks and financial "professionals" made some great money based on a house of cards.

But well as with most house of cards it was bound to fall and it did.
And who was left with the task of cleaning up the mess? The financial professionals or the rest of us?
I'll give you a hint.....not the financial professionals.

And thus here we are, banks are charging fees upon fees upon fees to squeeze any and all capital they can from their clients to maintain the profit margins they had from the time when they made up the rules as they went along.

And I having no choice but to do what I have to do will pay my $3k fee like a good American and when the banks find a new and novel way of making money in huge quantities off of dubious adventures I guess I as the average tax payer will have to come in and save your asses again and be charged a fee for doing so.

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[kallend 2,150]

Well, the common thief who makes a mistake might ask for clemency, but banker asks for $billions in bailouts.

...

The only sure way to survive a canopy collision is not to have one.

[DougH 270]

Quote

I'm sorry but I was in the right.
I bought a home I could afford in an area that was safe and secure.
A large number of financial "professionals" utilized various tools and techniques to provide lines of credit to those who had no right in having credit. However the drive to make even higher profits was quite nice and a good number of banks and financial "professionals" made some great money based on a house of cards.

But well as with most house of cards it was bound to fall and it did.
And who was left with the task of cleaning up the mess? The financial professionals or the rest of us?
I'll give you a hint.....not the financial professionals.

And thus here we are, banks are charging fees upon fees upon fees to squeeze any and all capital they can from their clients to maintain the profit margins they had from the time when they made up the rules as they went along.

And I having no choice but to do what I have to do will pay my $3k fee like a good American and when the banks find a new and novel way of making money in huge quantities off of dubious adventures I guess I as the average tax payer will have to come in and save your asses again and be charged a fee for doing so.

You were in the right??? Do you really think there was virtue in the business contact that you and your exwife entered into with the bank?

You didn't cure cancer Shah, you swaped consideration with the bank, something for something, and you executed a contract.

And if you were so right, where was your 20% down that would have insulated you against the drop in value that you experinced.

An 80/20 loan Shah, when you had the cash for the down payment!!!! You used an exotic loan product, just like plenty of other people that got wet when the bubble popped!

Do you think because you had a great credit score you were somehow better qualified to be a homeowner?? The facts of your situation, and your constant bitching and moaning about your mortgage do way more to counter that position, than you credit score has done to support it.

"The restraining order says you're only allowed to touch me in freefall"
=P

[billvon 3,120]

>I bought a home I could afford in an area that was safe and secure.

And you thought it would be a good investment, based on what you thought the housing market was going to do. And you thought you wanted to stay there.

Turns out you were wrong on both counts. And rather than learning from your poor judgment, and counting yourself lucky that you have a nice home in an area that is safe and secure, you've been complaining that other people aren't fixing the results of your bad judgment for free, or for a very low cost.

[DougH 270]

But he has a 800 point credit score!!! The banks should be fighting and clawing each other over his undersea grotto!

This shit is downright unAmerican!!!

"The restraining order says you're only allowed to touch me in freefall"
=P

[weekender 0]

Quote

Well, the common thief who makes a mistake might ask for clemency, but banker asks for $billions in bailouts.

finally he got the response he was looking for. it will be worth it to him having listened to all the adult comments about personal responsibility. he must be so happy.

"The point is, I'm weird, but I never felt weird."
John Frusciante

[shah269 0]

Quote

>I bought a home I could afford in an area that was safe and secure.

And you thought it would be a good investment, based on what you thought the housing market was going to do. And you thought you wanted to stay there.

For me at the time, it was just a home. I could afford it it was nice and I could afford it.
Hell I can still afford it....

At the time an 80/20 i had to provide sufficient information as to my credit worthiness. As I recall there were other "methods" which didn't even need me to provide any ounce of anything.

I hear our banking professionals made some very good coin off those little nuggets. And when those nuggets turned out to be balled up shit...well I hear they still did well under TARP. Even got those bonuses and continued to increase fees to ensure that those compensation packages continued down the line.

I'm sorry guys, defending big banks is like defending thievery.
It was stable when we both had an understanding of where we stood but then well....TARP empowered one side while taking from the other.

And now if you don't mind I have to write a check to an institution that was saved by my tax dollars but which is so leech like it continues to suck my wallet.

Watch this election cycle, the wars are going to shit since no one can explain why we are there, education is a mess since no one knows what to do with it....but big banks making big money on fees....that's one fat pig ready for the slaughter.

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[billvon 3,120]

>At the time an 80/20 i had to provide sufficient information as to my credit
>worthiness. . . .I hear our banking professionals made some very good coin off those little nuggets.

Should you have been banned from getting that loan?

[DougH 270]

I am just about done with this threads.

Get some cheese to go with your whine Shah!

"The restraining order says you're only allowed to touch me in freefall"
=P

[shah269 0]

Quote

>At the time an 80/20 i had to provide sufficient information as to my credit
>worthiness. . . .I hear our banking professionals made some very good coin off those little nuggets.

Should you have been banned from getting that loan?

No I had demonstrated credit worthiness and when it was said and done the mortgage consumed about 45% of MY income.
With the income of the X it was about 35% so there were no issues there.
It's just that some played a game and took the bottom out from the rest of us and we now have to pay for their ill gotten gains.
So what can we do? From the looks of it we have two choices.
Keep paying these fees or go for the nuclear option.

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[mnealtx 0]

Quote

Quote

>At the time an 80/20 i had to provide sufficient information as to my credit
>worthiness. . . .I hear our banking professionals made some very good coin off those little nuggets.

Should you have been banned from getting that loan?

No I had demonstrated credit worthiness and when it was said and done the mortgage consumed about 45% of MY income.
With the income of the X it was about 35% so there were no issues there.
It's just that some played a game and took the bottom out from the rest of us and we now have to pay for their ill gotten gains.
So what can we do? From the looks of it we have two choices.
Keep paying these fees or go for the nuclear option.

You act like those fees just appeared in the last 2 years since the housing bubble popped.

They didn't.

Sack up and quit fucking whining.

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[shah269 0]

Sack up and quit fucking whining.

Why didn't any one tell this to the banks when shit it the fan?
TARP! HA HA Sack up and quit fucking whining.

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[billvon 3,120]

>No I had demonstrated credit worthiness . . .

So who is to blame for you getting that loan that you are now unhappy with? You said no one should have stopped you from getting it. Who decided to get it?

[shah269 0]

Quote

>No I had demonstrated credit worthiness . . .

So who is to blame for you getting that loan that you are now unhappy with? You said no one should have stopped you from getting it. Who decided to get it?

I'm fine with the loan, at the time it was a great device to move into a home.

My argument is if you look back is on the banking practices that lead to the housing collapse, the subsequent salvation provided by the feds and continued strangling of the economy with all these fees that really produce no real value.

And it's funny now you ask them why you have to close a second time on your own home and they give you BS lines such as
There's no way around the Investor's Guidelines; we must follow all
requirements they set for us to follow or we will be out of compliance.

Funny where were those guidelines when they were making loans to undocumented aliens and those without any documented source of income

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[Southern_Man 0]

Quote

And it's funny now you ask them why you have to close a second time on your own home and they give you BS lines such as
There's no way around the Investor's Guidelines; we must follow all
requirements they set for us to follow or we will be out of compliance.

Funny where were those guidelines when they were making loans to undocumented aliens and those without any documented source of income

You have always had to close a second time to take somebody's name off of the loan. There have always been fees involved with that.

"What if there were no hypothetical questions?"

[billvon 3,120]

>I'm fine with the loan . . .

Hmm. Then why have you spent the past 300 or so posts complaining about it? Keep the house, pay the loan, everyone's happy.

[CanuckInUSA 0]

Quote

"Why didn't any one tell this to the banks when shit it the fan?
TARP! HA HA Sack up and quit fucking whining." - shah269

Quote

Documents obtained by the government watchdog group Judicial Watch reveal that in an October 13, 2008, meeting with executives from 9 major American banks, Hank Paulson (US Treasury Secretary) told the bankers that they would be forced to accept government bailout money, whether they wanted it or not. One of the documents, a talking points memo, gave bankers the ultimatum: "If a capital infusion is not appealing, you should be aware that your (FDIC) regulator will require it in any circumstance." The logic was that if everybody were forced to accept the money, then doing so would give cover to those banks who needed the money vs. those that didn't and the market wouldn't go after the banks who only took the money (thus thinking they were most vulnerable).

http://en.wikipedia.org/wiki/Henry_Paulson

Try not to worry about the things you have no control over

[shah269 0]

Quote

You have always had to close a second time to take somebody's name off of the loan. There have always been fees involved with that.

Per speaking with my attorney and others, in the past when things were more stable these fees were significantly lower. Especially when it was a court issued decision. It was something that no longer exists...good faith.
But well that is long gone I guess. Right there with pensions and full time employment.

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[shah269 0]

The logic was that if everybody were forced to accept the money, then doing so would give cover to those banks who needed the money vs. those that didn't and the market wouldn't go after the banks who only took the money

Hum.......so.....shoudl I feel bad that money was given away or feel bad that money was given away to those who didn't need it?
And I'm sorry at 1% interest....money was given away.
I wish I as an average Joe could be forced to accept money at 1% interest!

I'm sorry I do not feel bad for the banks or those who created this mess. If it were up to me it would be a capital crime. And not just for the banker. The entire family. Kids, wife, dog and cat.

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[billvon 3,120]

>I wish I as an average Joe could be forced to accept money at 1% interest!

You would have complained that someone else got it at .75% and that there was a $3K fee for processing the loan. "They'll pay someday these greedy bastards who didn't even give me the money for free!"