Originally Posted By DouglasDubh Again, if you want to "prove" me wrong, and others right, then you need to present some evidence, rather than just restating opinion.
Originally Posted By Mr X ***The topic of this thread asserted that people who said that regular people should lose their homes approved of corporate welfare. No one has given an actual example of anyone doing that.*** Douglas, prepare to defend your comments, as I'm going to give you TWO-HUNDRED and FORTY ONE EXAMPLES of companies that received some form of corporate welfare either before going under or to stave it off....... 241. Origen Financial, Inc. (Correspondent) 240. CitiMortgage - Home Equity Wholesale 239. Bear Stearns Mortgage 238. East West Mortgage Co. of VA 237. New Vision Residential Lending 236. Washington Savings Bank, F.S.B. - Wholesale 235. Macquarie Mortgages USA Inc. 234. Global Mortgage, Inc. 233. Unique Mortgage Solutions (UMS, LLC) 232. First Franklin - Merrill Lynch 231. First National Mortgage Sources 230. Resource Mortgage (Wholesale) 229. KH Financial 228. Lydian Mortgage 227. OMG Wholesale Lending 226. Saxon Mortgage (Wholesale) 225. Beazer Mortgage Corp. 224. E-Loan (Wholesale) 223. Allpointe Mortgage (Broker Program) 222. Popular Warehouse Lending 221. Allied Lending Corp. (Wholesale) 220. BF Saul Wholesale Lending 219. Community Resource Mortgage 218. Lehman/Aurora Loan Services 217. Residential Mortgage Capital 216. Maverick Residential Mortgage 215. Countrywide Financial Corp. 214. First NLC Financial Services 213. First American Bank (Wholesale) 212. Soma Financial 211. National City Corp. (Wholesale) 210. Heartland Wholesale Funding 209. Homefront Mortgage Inc. 208. PNC Bank H.E. 207. Family First Mortgage Corp. 206. First Fidelity Financial 205. BSM Financial 204. 1st Choice Mortgage 203. Wescom Credit Union 202. Coast Financial Holdings/Coast Bank 201. WaMu (Subprime) 200. First Madison Mortgage 199. Southern Star Mortgage 198. TransLand Financial 197. Secured Bankers Mortgage Company (SBMC) 196. ComUnity Lending 195. Delta Financial Corp 194. BayRock Mortgage 193. Empire Bancorp 192. Option One - H&R Block 191. Citigroup - FCS Warehouse 190. Charter One (Wholesale) 189. Wells Fargo - Home Equity 188. Paul Financial, LLC 187. Webster Bank (Wholesale) 186. Fieldstone Mortgage Company 185. Tribeca Lending Corp. (Wholesale) 184. WAMU Comm. Correspondent 183. Marlin Mortgage Company 182. Countrywide Specialty Lending 181. UBS Home Finance 180. MortgageIT-DB (Retail) 179. Edgewater Lending Group 178. ResMAE Mortgage Corp. 177. Citimortgage Correspondent (2nds) 176. AMC Lending 175. Liberty American Mortgage 174. Exchange Financial (Wholesale) 173. FirstBank Mortgage 172. Bank of America (Wholesale) 171. Diablo Funding Group Inc. 170. Honor State Bank 169. Spectrum Financial Group 168. Priority Funding Mortgage Bankers 167. BrooksAmerica Mortgage Corp. 166. Valley Vista Mortgage 165. New State Mortgage Company 164. Summit Mortgage Company 163. WMC 162. Paragon Home Lending 161. First Mariner Wholesale 160. The Lending Connection 159. Foxtons, Inc. 158. SCME Mortage Bankers (Wholesale) 157. Aapex Mortgage (Apex Financial Group) 156. Wells Fargo (various Correspondent and Non-prime divisions) 155. Nationstar Mortgage 154. Decision One (HSBC) 153. Impac Lending Group 152. E*Trade Wholesale Lending 151. Long Beach (WaMu Warehouse/Correspondent) 150. Expanded Mortgage Credit Wholesale 149. The Mortgage Store Financial 148. C & G Financial 147. CFIC Home Mortgage 146. All Fund Mortgage 145. LownHome Financial 144. Sea Breeze Financial Services 143. Castle Point Mortgage 142. Premium Funding Corp 141. Group One Lending 140. Allstate Home Loans / Allstate Funding 139. Home Loan Specialists (HLS) 138. Transnational Finance Wholesale 137. CIT Home Lending 136. Capital Six Funding 135. Mortgage Investors Group (MIG) - Wholesale 134. Amstar Mortgage Corp 133. Quality Home Loans 132. BNC Mortgage (Lehman) 131. Accredited Home Lenders, Home Funds Direct 130. First National Bank of Arizona 129. Chevy Chase Bank Correspondent 128. GreenPoint Mortgage - Capital One Wholesale 127. NovaStar, Homeview Lending 126. Quick Loan Funding 125. Calusa Investments 124. Mercantile Mortgage 123. First Magnus 122. First Indiana Wholesale 121. GEM Loans / Pacific American Mortgage (PAMCO) 120. Kirkwood Financial Corporation 119. Lexington Lending 118. Express Capital Lending 117. Deutsche Bank Correspondent Lending Group (CLG) 116. MLSG 115. Trump Mortgage 114. HomeBanc Mortgage Corporation 113. Mylor Financial 112. Aegis 111. Alternative Financing Corp (AFC) Wholesale 110. Winstar Mortgage 109. American Home Mortgage / American Brokers Conduit 108. Optima Funding 107. Equity Funding Group 106. Sunset Mortgage 105. Nations Home Lending 104. Entrust Mortgage 103. Alera Financial (Wholesale) 102. Flick Mortgage/Mortgage Simple 101. Dollar Mortgage Corporation 100. Alliance Bancorp 99. Choice Capital Funding 98. Premier Mortgage Funding 97. Stone Creek Funding 96. FlexPoint Funding (Wholesale & Retail) 95. Starpointe Mortgage 94. Unlimited Loan Resources (ULR) 93. Freestand Financial 92. Steward Financial 91. Bridge Capital Corporation 90. Altivus Financial 89. ACT Mortgage 88. Alliance Mortgage Banking Corp (AMBC) 87. Concord Mortgage Wholesale 86. Heartwell Mortgage 85. Oak Street Mortgage 84. The Mortgage Warehouse 83. First Street Financial 82. Right-Away Mortgage 81. Heritage Plaza Mortgage 80. Horizon Bank Wholesale Lending Group 79. Lancaster Mortgage Bank (LMB) 78. Bryco (Wholesale) 77. No Red Tape Mortgage 76. The Lending Group (TLG) 75. Pro 30 Funding 74. NetBank Funding, Market Street Mortgage 73. Columbia Home Loans, LLC 72. Mortgage Tree Lending 71. Homeland Capital Group 70. Nation One Mortgage 69. Dana Capital Group 68. Millenium Funding Group 67. MILA 66. Home Equity of America 65. Opteum (Wholesale, Conduit) 64. Innovative Mortgage Capital 63. Home Capital, Inc. 62. Home 123 Mortgage 61. Homefield Financial 60. First Horizon Subprime, Equity Lending 59. Platinum Capital Group (Wholesale) 58. First Source Funding Group (FSFG) 57. Alterna Mortgage 56. Solutions Funding 55. People's Mortgage 54. LowerMyPayment.com 53. Zone Funding 52. First Consolidated (Subprime Wholesale) 51. EquiFirst 50. SouthStar Funding 49. Warehouse USA 48. H&R Block Mortgage 47. Madison Equity Loans 46. HSBC Mortgage Services (correspondent div.) 45. Sunset Direct Lending 44. Kellner Mortgage Investments 43. LoanCity 42. CoreStar Financial Group 41. Ameriquest, ACC Wholesale 40. Investaid Corp. 39. People's Choice Financial Corp. 38. Master Financial 37. Maribella Mortgage 36. FMF Capital LLC 35. New Century Financial Corp. 34. Wachovia Mortgage (Correspondent div.) 33. Ameritrust Mortgage Company (Subprime Wholesale) 32. Trojan Lending (Wholesale) 31. Fremont General Corporation 30. DomesticBank (Wholesale Lending Division) 29. Ivanhoe Mortgage/Central Pacific Mortgage 28. Eagle First Mortgage 27. Coastal Capital 26. Silver State Mortgage 25. ECC Capital/Encore Credit 24. Lender's Direct Capital Corporation (wholesale division) 23. Concorde Acceptance 22. DeepGreen Financial 21. American Freedom Mortgage, Inc. 20. Millenium Bankshares (Mortgage Subsidiaries) 19. Summit Mortgage 18. Mandalay Mortgage 17. Rose Mortgage 16. EquiBanc 15. FundingAmerica 14. Popular Financial Holdings 13. Clear Choice Financial/Bay Capital 12. Origen Wholesale Lending 11. SecuredFunding 10. Preferred Advantage 9. MLN 8. Sovereign Bancorp (Wholesale Ops) 7. Harbourton Mortgage Investment Corporation 6. OwnIt Mortgage 5. Sebring Capital Partners 4. Axis Mortgage & Investments 3. Meritage Mortgage 2. Acoustic Home Loans 1. Merit Financial
Originally Posted By Mr X ***No one mentioned anything about "political pressure to lend more to the poor" until you did.*** I know, huh? Sounds so forced it's laughable.
Originally Posted By DouglasDubh <Douglas, prepare to defend your comments, as I'm going to give you TWO-HUNDRED and FORTY ONE EXAMPLES of companies that received some form of corporate welfare either before going under or to stave it off.......> Did any of them say that regular people should lose their homes but that they should get corporate welfare?
Originally Posted By Mr X ***Again, if you want to "prove" me wrong, and others right, then you need to present some evidence, rather than just restating opinion.*** lol. So where's your evidence that the democrat's forced lenders (I'm laughing as I type this) to make bad loans to people who couldn't pay it back (thus bankrupting all of them in the process, those poor innocent non-greedy companies each and every one). I'm sorry, this is such a laugh. Do you really believe the junk you type? Do you really think for a SECOND that all those smart and savvy CEO's would've just complied with government requests that would kill their companies? Are you serious? Please, show US some evidence bro.
Originally Posted By Mr X ***Did any of them say that regular people should lose their homes but that they should get corporate welfare?*** No, Douglas. They all CAUSED regular people to lose their homes, while demanding and receiving corporate welfare.
Originally Posted By DouglasDubh <So where's your evidence that the democrat's forced lenders (I'm laughing as I type this) to make bad loans to people who couldn't pay it back (thus bankrupting all of them in the process, those poor innocent non-greedy companies each and every one).> Why would I need to show evidence to support something I never asserted? Do ever even try to understand what the point is?
Originally Posted By Mr X ***Why would I need to show evidence to support something I never asserted?*** Now you're just lying. It's so annoying to try and converse with you.
Originally Posted By DouglasDubh <Now you're just lying.> No, I'm not. Try going back and reading what I wrote, and thinking about it. <It's so annoying to try and converse with you.> Yes, I suppose it's really annoying when I misrepresent what you say and then insult you. Oh wait, that's what you do. You really don't understand things, do you?
Originally Posted By Kar2oonMan Any mortgage company that foreclosed on people and then looking for government bailouts is doing exactly what I said in the very first post. I would think it would be obvious, but apparently not. Many in the financial sector aren't big fans of government oversight and regulations, and they decry them whenever they're given a chance. But left on their own, we see what sort of trouble they get themselves and others into. In other words, they're all for "free market capitalism" when times are good and the money is rolling in. But where do they turn in hard times? Back to the politicians they gave lots of cash to, in hopes of federal bailouts. This was the original point of the thread. Thanks for the list of mortgage companies, Mr. X.
Originally Posted By Mr X No prob K2M...and that list is actually only the most severe situations of companies already dead or nearly so. There's a lot more companies that haven't yet revealed the extent of their problems (the Bear Sterns thing came up very suddenly indeed, who knows how many more there are).
Originally Posted By fkurucz ^^That's whats so scary about the housing bubble. As it pops trillions of dollars will vanish from bank balance sheets around the world.
Originally Posted By DouglasDubh <There's a lot more companies that haven't yet revealed the extent of their problems> It's quite likely there are also a lot of companies that have overestimated their problems.
Originally Posted By SuperDry <<< It's quite likely there are also a lot of companies that have overestimated their problems. >>> Is that a fact or an opinion?
Originally Posted By Kar2oonMan >>there are also a lot of companies that have overestimated their problems<< How do you mean, Douglas?
Originally Posted By DouglasDubh <Is that a fact or an opinion?> It's an educated guess. I read an article last week about how companies are having a hard time estimating how much their real estate portfolios are worth. There was a regulation change in the late 90's that told companies that had to state on their quarterly disclosures how much their assets were worth if they were on the market that day. This isn't a problem when things are increasing at a predictable rate, but when there is a sudden dip, it's hard to put a price on things. The article quoted some experts who predicted that companies were overestimating their losses now, and would later revise there portfolios upward. I tried going back to find the article a couple of days ago, but couldn't. I'm sorry I can't remember more of the particulars.
Originally Posted By DouglasDubh Sorry. Much of 58 was a response to 57, and I meant to make that clear, but hit submit too soon.
Originally Posted By SuperDry <<< I tried going back to find the article a couple of days ago, but couldn't. >>> So I guess at this point we could call that a memory and not a fact.
