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That housewives of New Jersey show
#873770
01/26/16 03:15 AM
01/26/16 03:15 AM
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Joined: Sep 2013
Posts: 732
Great Britain
British
OP
Underboss
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OP
Underboss
Joined: Sep 2013
Posts: 732
Great Britain
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Seen that the other day, a fine advert for Italian/Americans  Take it none of the guys in it are connected?
Last edited by British; 01/26/16 03:15 AM.
British is best....
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Re: That housewives of New Jersey show
[Re: British]
#873795
01/26/16 10:23 AM
01/26/16 10:23 AM
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Joined: Dec 2013
Posts: 883
Belmont
Underboss
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Underboss
Joined: Dec 2013
Posts: 883
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None of them are connected. The mortgage fraud that he commited was very typical pre 2006 since the banks/ and an unregulated mortgage industry were giving away mortgages with very little down payments.
You apply for a mortgage, inflate your income, give a phone w2( if they even ask for it), put very little down, and then get a 500 k mortgage. Now 6 months later, your home is appraised at 600k and you get a home equity, now you pocket 100 k and buy a few more homes and get home equities on those. thats basically what he did and many others.
How bout the millions who went out and obtained mortgages they really couldnt afford. Everyone blames wall street. Of course no one blames themself.
Walls streets trading of mortgage backed securities is a part of the mortgage downfall but not nearly the whole reason. Everyone thought they were real estate pro's and blindly dove into real estate despite having no experience. Hence all those fuckin house flipping shows, the bubble always bursts .
Last edited by Belmont; 01/26/16 10:26 AM.
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Re: That housewives of New Jersey show
[Re: British]
#873922
01/26/16 09:18 PM
01/26/16 09:18 PM
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Joined: Sep 2015
Posts: 32
Jersey
HandsomeMike
Wiseguy
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Wiseguy
Joined: Sep 2015
Posts: 32
Jersey
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My fiancee' makes me watch the show with her. I highly doubt anyone on that show has a current connection. All that attention isn't good. It's an hour a week, it sucks but you do what you gotta do, right? Thankfully I got her more into sports than she was. I really can't complain.
MP
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Re: That housewives of New Jersey show
[Re: Beanshooter]
#873925
01/26/16 10:08 PM
01/26/16 10:08 PM
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Joined: Dec 2013
Posts: 883
Belmont
Underboss
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Underboss
Joined: Dec 2013
Posts: 883
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None of them are connected. The mortgage fraud that he commited was very typical pre 2006 since the banks/ and an unregulated mortgage industry were giving away mortgages with very little down payments.
You apply for a mortgage, inflate your income, give a phone w2( if they even ask for it), put very little down, and then get a 500 k mortgage. Now 6 months later, your home is appraised at 600k and you get a home equity, now you pocket 100 k and buy a few more homes and get home equities on those. thats basically what he did and many others.
How bout the millions who went out and obtained mortgages they really couldnt afford. Everyone blames wall street. Of course no one blames themself.
Walls streets trading of mortgage backed securities is a part of the mortgage downfall bunot nearly the whole reason. Everyone thought they were real estate pro's and blindly
dove into real estate despite having no experience. Hence all those fuckin house flipping shows, the bubble always bursts . Just like the movie The Big Short Belmont? I didnt see the move yet, beanshooter but i plan on it. Yes, i believe the big short is what i described, You had a few very smart guys who knew the real estate market was ridiculously over priced and about to crash just like internet stocks in 2000 so they shorted the mortgage market which is totally legal. That was " the big short ". I short stocks every now and then.
Last edited by Belmont; 01/26/16 10:10 PM.
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