Subprime

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Aug 7, 2007 6:21 pm

Anyone care to comment on how the subprime fallout has effected your business, AUM, client relationships, good or bad?

Aug 7, 2007 6:28 pm

Stupid.

Aug 7, 2007 6:35 pm

Bobby Hull, classic default response

Aug 7, 2007 6:40 pm

Are you serious?  Do you have clients?  Do you know what business this is?  Why don't you go ask your question to a mortgage broker's forum?  I'm sure they have some good stories to appease you.

Aug 7, 2007 7:15 pm

Uh...I guess it's been good for me since I just helped a few clients request rollovers from soon to be bankrupt lenders

Aug 7, 2007 7:15 pm

This looks like an iquiry for a magazine article.

Aug 7, 2007 10:07 pm

it could cause the meltdown of the us stock market and the us dollar. it is very important. when the fed starts to lower the rates, the dollar is changing its name to the dinero


i have had other threads regarding the mortgage debt bubble and the fallout of the real estate market. the fallout is not just the subprime, ahm, bankrupt last week, was alt-a. how many people do you know with floatting rate loans for 100% of their mortgage. the fallout is happening now.


how has it affected me. BRoker stocks have been hit, reits have come down to where i sold them a few years back and some of my clients that are develpoers or own mortgage title compnies are hurting. reional banks are hitting lows because they are financing a lot of projects and i heard, though not confirmed, that a large developers right hand man commited suicide last week. projects are 1/2 complete and prices of houses are coming down and forclosures are on the rise.


YES IT AFFECTS US.

Aug 7, 2007 10:07 pm
Bellringer:

Bobby Hull, classic default response


Stupid.

Aug 7, 2007 11:33 pm

I actually think he makes some good points there.

Aug 7, 2007 11:44 pm

I lost eleventy kabillion dollars!   Where is jOeD?

Aug 8, 2007 2:28 am
Aug 9, 2007 11:28 am

Snaggletooth wrote:


Are you serious?  Do you have clients?  Do you know what business this is?  Why don't you go ask your question to a mortgage broker's forum?  I'm sure they have some good stories to appease you.


Clearly your knowledge of finance is limited to the 20% or less you retained since studying for your 7.


Even a fool is considered wise, until he opens his mouth.  Get a root canal, Snaggle.

Aug 10, 2007 7:26 am

Don't beat Snaggle..because all of the money that was in subprimes and now even AAA rate papers  .. is weaved into every damn thing you have that deal with a bank in your portfolio's ..and believe me if you think you know so much ..go back and dig just a bit deeper ..it is everywhere.. And at the very least it will affect you because the dollar will be worth about 10 percent less than what it is today ... Which will effect everything accross the board..even the lobster you eat from china.. seriously people ..it is a big ..big big.. mess...

Aug 10, 2007 11:49 am
whitewlfz:

Don't beat Snaggle..because all of the money that was in subprimes and now even AAA rate papers  .. is weaved into every damn thing you have that deal with a bank in your portfolio's ..and believe me if you think you know so much ..go back and dig just a bit deeper ..it is everywhere.. And at the very least it will affect you because the dollar will be worth about 10 percent less than what it is today ... Which will effect everything accross the board..even the lobster you eat from china.. seriously people ..it is a big ..big big.. mess...


All this emotional panicky panic is making the markets go down.  Calm down everyone!

Aug 11, 2007 4:36 am

Ric Edelman is making money.



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