What does your quip have to do with your earlier assertions regarding CRA? Is your response to facts that challenge your position to simply change the subject? I worry you formed your position without proper research.
-Matt On Feb 5, 2010, at 2:17 PM, Jeff Broadwick wrote: > Talk to a mortgage lender...they have all become agents for Fannie and > Freddie. Few of them do their own underwriting anymore. > > > Regards, > > Jeff > > > Jeff Broadwick > ImageStream > 800-813-5123 x106 (US/Can) > +1 574-935-8484 x106 (Int'l) > > -----Original Message----- > From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On > Behalf Of Matt Liotta > Sent: Friday, February 05, 2010 10:53 AM > To: WISPA General List > Subject: Re: [WISPA] Common Carrier or what: The FCC's > roleinregulationofnet-neutrality > > You keep make unsubstantiated claims. Where is your data? If you are so sure > of CRA's effect where is the data? I mean every bank must disclose there > numbers of CRA mortgages, so it is not hard to see what percentage of the > overall market they are. Further, banks also publish what percentage of bad > mortgages they have on the books. The numbers are there and CRA is a > fraction. Look it up. > > Remember, we are talking about subprime mortgages. in 2006, of the top 25 > subprime lenders only 1 was subject to CRA. In fact, Fannie and Freddie went > from a high of 48 percentage of subprime loans in 2004 to 24 percent in 2006 > because of the enormous private market for subprime. > > -Matt > > On Feb 5, 2010, at 10:39 AM, Jeff Broadwick wrote: > >> I'm really not interested in getting into a big hairy argument with >> you on-list Matt. The CRA DID have an effect, and the market created >> by Fannie and Freddie allowed the whole thing to happen. There are >> certainly other factors, but those are the two biggest. I will agree >> with you that there were plenty of stupid people with Cs in their >> titles that bellied up to the trough. >> >> >> Regards, >> >> Jeff >> >> >> Jeff Broadwick >> ImageStream >> 800-813-5123 x106 (US/Can) >> +1 574-935-8484 x106 (Int'l) >> >> -----Original Message----- >> From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] >> On Behalf Of Matt Liotta >> Sent: Friday, February 05, 2010 10:13 AM >> To: WISPA General List >> Subject: Re: [WISPA] Common Carrier or what: The FCC's role >> inregulationofnet-neutrality >> >> >> On Feb 5, 2010, at 10:06 AM, Brad Belton wrote: >> >>> The underlying point still holds true; big government imposing rules >>> on lenders forcing them to lend to those that wouldn't have normally >> qualified. >>> >> No, it in fact does not hold true. Since CRA mortgages were only a >> fraction of the bad mortgages it is logical to conclude the other bad >> mortgages would have still been made if there were no CRA mortgages. >> Further, it is reasonable to assume that if no CRA mortgages were made >> even more non-CRA mortgages would have been made given the additional > available capital. >> >> There is plenty of blame to go around; trying to pin it on one thing >> is a waste of time. >> >> -Matt >> >> >> ---------------------------------------------------------------------- >> ------ >> ---- >> WISPA Wants You! Join today! >> http://signup.wispa.org/ >> ---------------------------------------------------------------------- >> ------ >> ---- >> >> WISPA Wireless List: wireless@wispa.org >> >> Subscribe/Unsubscribe: >> http://lists.wispa.org/mailman/listinfo/wireless >> >> Archives: http://lists.wispa.org/pipermail/wireless/ >> >> >> >> ---------------------------------------------------------------------- >> ---------- >> WISPA Wants You! Join today! >> http://signup.wispa.org/ >> ---------------------------------------------------------------------- >> ---------- >> >> WISPA Wireless List: wireless@wispa.org >> >> Subscribe/Unsubscribe: >> http://lists.wispa.org/mailman/listinfo/wireless >> >> Archives: http://lists.wispa.org/pipermail/wireless/ > > > > ---------------------------------------------------------------------------- > ---- > WISPA Wants You! Join today! > http://signup.wispa.org/ > ---------------------------------------------------------------------------- > ---- > > WISPA Wireless List: wireless@wispa.org > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ > > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > -------------------------------------------------------------------------------- > > WISPA Wireless List: wireless@wispa.org > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
