Here comes the next crisis: up to 30% of all mortgages will default in biggest wave of delinquencies in history & this time the crisis will be far...

[Unkotare]

Conspiracy nuts want to feel important. They also tend to suffer from schizophrenia.
Most of all, they loves them some internet.

No we just have more knowledgeg [sic] than pea sized brains can handle. ....

Oh, of course you do. How's your roommate Napoleon doing today?

 

[Unkotare]

Conspiracy nuts want to feel important. They also tend to suffer from schizophrenia.
Most of all, they loves them some internet.

Maybe it will grow you a fkn common sense brain LOL

South Dakota Gov. Warns ‘THIS IS HOW WE LOSE OUR COUNTRY’

Republican Gov. Kristi Noem has become a centerpiece politician for rights and liberty. Amidst a growing number of power-grabbing opportunist politicians looking to cash in on COVID-19 fears, she's remained calm and guided by the

prepforthat.com

**transmission interrupted**


Attention citizen,

We regret to inform you that some of the listening devices planted around your home are malfunctioning. Please go to sleep early tonight so a technical team can replace them.

Thank you for your cooperation.

Love, the NSA
xoxo


**resume normal transmission**

 

[EdwardBaiamonte]

But who knows what they will do. Banks don’t ever lose money.

Actually many banks went bankrupt in 2008. what planet were you on??

Yea and they got bailed out. What planet were you on?

Some banks got bailed out in 2008-9, others went bankrupt and owners lost everything! Look it up!! The truth does not suit the left which wants to see crony capitalism everywhere, and then replace it with socialism. Do you understand?

 

[EdwardBaiamonte]

Conspiracy nuts want to feel important.

Yes, they want to feel important and do so by believing simple explanations that their low IQ's can understand. Socialism appeals to those who are susceptible to conspiracy theories. They see capitalism as a giant convoluted complex crime while socialism is harmony and free stuff.

 

[OldLady]

Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencies In History”

And unfortunately this time the crisis will be far worse...

www.infowars.com

Unlike in the 2008 financial crisis when a glut of subprime debt, layered with trillions in CDOs and CDO squareds, sent home prices to stratospheric levels before everything crashed scarring an entire generation of homebuyers, this time the housing sector is facing a far more conventional problem: the sudden and unpredictable inability of mortgage borrowers to make their scheduled monthly payments as the entire economy grinds to a halt due to the coronavirus pandemic.

HERE COMES THE NEXT CRISIS: UP TO 30% OF ALL MORTGAGES WILL DEFAULT IN “BIGGEST WAVE OF DELINQUENCIES IN HISTORY”
And unfortunately this time the crisis will be far worse…


You laughed
you banned
you never got the whole picture what comes after this virus
some still can't see it yet oh but your going to Karma is coming bitches...

LOL. we always get the last laugh.

all those MASK YOU HAVE TO WEAR THEY WERE DRAGGED ALL OVER THE FLOOR but you all still WONT LISTEN CHINA TRIED TO KILL US !!!

GET READY ALL MEDIA WILL BE SHUT DOWN ACCEPT LEFTIST.

AGENDA 2030

It’s going to start with commercial mortgages. Businesses simply won’t be able to pay their rent. Of course the increase in unemployment or semi-permanent furlough will cause home mortgage payments to not be made.

The question is will the banks try to repo all these properties in a vein attempt to recoup their losses. I think they would be better off allowing the businesses and people to just delay those payments. But who knows what they will do. Banks don’t ever lose money. When they actually do, the media will spin that it’s the end of the world and demand government bailouts of banks. Meanwhile the people get fucked over again.

Our governor just ordered NO EVICTIONS during this shutdown. She has a little pot of money that she is going to use to give $500 to people laid off by the Covid thing to help pay their rent or mortgage if they meet income guidelines.
But MindWars has a point. The banks won't be getting a chunk of their money, so they won't be able to loan it or invest it. Sure, they can tack those missed payments on to the end of the mortgage, but what about NOW? It's like watching a row of dominoes start falling, one by one.
I know little about economics, but this ain't gonna be good, imo. And not just the banks.

 

[OldLady]

Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencies In History”

And unfortunately this time the crisis will be far worse...

www.infowars.com

Unlike in the 2008 financial crisis when a glut of subprime debt, layered with trillions in CDOs and CDO squareds, sent home prices to stratospheric levels before everything crashed scarring an entire generation of homebuyers, this time the housing sector is facing a far more conventional problem: the sudden and unpredictable inability of mortgage borrowers to make their scheduled monthly payments as the entire economy grinds to a halt due to the coronavirus pandemic.

HERE COMES THE NEXT CRISIS: UP TO 30% OF ALL MORTGAGES WILL DEFAULT IN “BIGGEST WAVE OF DELINQUENCIES IN HISTORY”
And unfortunately this time the crisis will be far worse…


You laughed
you banned
you never got the whole picture what comes after this virus
some still can't see it yet oh but your going to Karma is coming bitches...

LOL. we always get the last laugh.

all those MASK YOU HAVE TO WEAR THEY WERE DRAGGED ALL OVER THE FLOOR but you all still WONT LISTEN CHINA TRIED TO KILL US !!!

GET READY ALL MEDIA WILL BE SHUT DOWN ACCEPT LEFTIST.

AGENDA 2030

I think it takes 3 months of non-payment followed by a phone vocalized statements that one is defaulting.
Usually the mortgage manager will try to reach an attainable amount agreeable to both parties.
The defaulter's credit rating drops like astone.

Haven't some of the major lenders agreed not to report missed payments during this crisis to credit agencies? I'm sure I heard that a couple weeks ago. May only be some though.

 

[DGS49]

Seriously, nobody knows how this will impact mortgages until "we" are more or less back to work. Clearly, our legislatures will do something to prevent banks from foreclosing and landlords from not evicting people. Beyond that, who knows? But neither banks nor landlords nor commercial real estate owners will exercise default remedies unless there is a business advantage to doing so.

The more important question is, what kind of a certified ass-hole would post gleeful headlines about financial catastrophes that are nothing more than idle speculation dressed up as legitimate analysis?

 

[HenryBHough]

Not to worry.

In the coming Socialist utopia you won't have a mortgage.

Because you won't have a home of your own.

Only one allowed to you by big government. Allocated according to your needs.

You'll get used to it.

 

[Picaro]

Debt collectors are already set up to sieze a lot of those Federal checks; they aren't going to help many people, they're essentially welfare checks for utilities, landlords, Walmart, etc.

 

[Picaro]

The original mortgage crisis never went away, they just kicked the can down the road, and bailed out the criminals in the banking industry, most of whom are still there. Here's a hint: when auto loans go up to 7 years, and housing loans of up to 30 years are considered 'fine', you have a systemic problem that isn't going to go away; your goods are far too expensive for the average worker in your economy. I know this fact is lost on right wing ideologues, but loans by private industry is just printing money that doesn't exist yet and is inflationary as well.

 

[Toddsterpatriot]

Debt collectors are already set up to sieze a lot of those Federal checks; they aren't going to help many people, they're essentially welfare checks for utilities, landlords, Walmart, etc.

People paying their utilities, landlords and WalMart?
Sounds like the worst thing ever!!!

 

[Toddsterpatriot]

The original mortgage crisis never went away, they just kicked the can down the road, and bailed out the criminals in the banking industry, most of whom are still there. Here's a hint: when auto loans go up to 7 years, and housing loans of up to 30 years are considered 'fine', you have a systemic problem that isn't going to go away; your goods are far too expensive for the average worker in your economy. I know this fact is lost on right wing ideologues, but loans by private industry is just printing money that doesn't exist yet and is inflationary as well.

loans by private industry is just printing money that doesn't exist yet and is inflationary as well.

Meh.

 

[22lcidw]

There will be a pause in mortgage payments as the crisis passes over

First one you ever got right!! Banks and landlords could not possibly profit from foreclosing and evicting. 1) They cant get into courts because they are closed and, 2) any buyers would simply be those who just got foreclosed and evicted elsewhere 3) it would be the most horrendous PR possible..

Those who ph uked over people trying to survive and living by the rules in the mortgage crisis then, need to be exterminated.

 

[harmonica]

Thank God my house is paid off!!!
Might be a good time to buy some vacation/retirement property though.

THANK THE LORD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[harmonica]

Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencies In History”

And unfortunately this time the crisis will be far worse...

www.infowars.com

Unlike in the 2008 financial crisis when a glut of subprime debt, layered with trillions in CDOs and CDO squareds, sent home prices to stratospheric levels before everything crashed scarring an entire generation of homebuyers, this time the housing sector is facing a far more conventional problem: the sudden and unpredictable inability of mortgage borrowers to make their scheduled monthly payments as the entire economy grinds to a halt due to the coronavirus pandemic.

HERE COMES THE NEXT CRISIS: UP TO 30% OF ALL MORTGAGES WILL DEFAULT IN “BIGGEST WAVE OF DELINQUENCIES IN HISTORY”
And unfortunately this time the crisis will be far worse…


You laughed
you banned
you never got the whole picture what comes after this virus
some still can't see it yet oh but your going to Karma is coming bitches...

LOL. we always get the last laugh.

all those MASK YOU HAVE TO WEAR THEY WERE DRAGGED ALL OVER THE FLOOR but you all still WONT LISTEN CHINA TRIED TO KILL US !!!

GET READY ALL MEDIA WILL BE SHUT DOWN ACCEPT LEFTIST.

AGENDA 2030

It's not due to the virus, it's due to media fear mongering and fascist politicians.

amen--WINNER

 

[EdwardBaiamonte]

Those who ph uked over people trying to survive and living by the rules in the mortgage crisis then, need to be exterminated.

not sure what you mean. Care to try again

 

[EdwardBaiamonte]

your goods are far too expensive for the average worker in your economy.

Who would make goods that are too expensive to buy? Can you find investors in such a business? Shall we sell our houses to start a business that makes goods too expensive to buy? Let me guess, you are a liberal and you want to replace the current capitalist conspiracy with loving, caring communism?

 

[EdwardBaiamonte]

Because you won't have a home of your own.
Only one allowed to you by big government. Allocated according to your needs.
You'll get used to it.

The problem is conservatives know history while liberals know what is in their hearts without regard for what is in their empty heads.

 

[sparky]

But MindWars has a point. The banks won't be getting a chunk of their money,

the federal reserve just walked away with 4T of a 6T relief plan OldLady

they're fatter and happier than ever!

~S~

 

[EdwardBaiamonte]

the federal reserve just walked away with 4T of a 6T relief plan OldLady
they're fatter and happier than ever!

???are you saying somebody stole 4T?? Who exactly and what did they do with it???