Saturday, March 17, 2007

41 lenders have now gone kaput

While the "lenders" part isn't entirely accurate the sentiment is there. These are sometimes lenders and sometime mere originators. Congratulations and keep up the good work over at "Implode-O-Meter"

44 comments:

Nobody's Looking said...

First!

FlyingMonkeyWarrior said...

What happens if the company that services my home loan goes under?

Anonymous said...

What the hell is a zweg?

Benoit™ said...

I bought my co-op (do they even exist anywhere other than NYC?) in mid-2002. Fixed rate 30-year mortgage with CitiMortgage™, of which there are exactly 19 years remaining (Yes, I pre-pay!).

So, my mortgagee won't be going under, and I'm watching from the Schadenfreude Sidelines™ :-)

mr big said...

Casey likes wearing ladies panties according to a poster on his blog.His favorite is a red thong.

LOL said...

OT but IAFF does not resolve anymore, you have to get to it through http://www.zewg.net/casey/

good things are coming for him....(yeah right)

king friday the 13th said...

listen to the podcast of KC with jerome the mortage felon.

it's the closest we have to "Casey future" calling "Casey the present".

LMAO.

TK said...

Benoit - Sold in NYC in 2003, double money. Now laughing hysterically from the sidelines while huge condo developments go up in Bushwick. Tee hee.

007 said...

Here is one of the good things coming for him:

Credit Card Debt And Bankruptcy - What To Expect From The Creditors.

If there is a question of credit card abuse, the creditor will try to convince the bankruptcy judge that one of three types of credit card abuse was involved in the incurrence of the debt:

That the debtor increased his or her debt in the weeks or months prior to filing the bankruptcy petition, knowing that he or she would soon be filing bankruptcy and therefore having no intention of repaying such charges.

That the debtor had so much existing debt and so little income at the time the charges were made that the debtor lacked a realistic basis for believing that he or she would have the financial wherewithal to repay such charges.

That the debtor used materially false financial information in order to obtain credit or to increase his or her credit.

If the creditor initiates a timely challenge and successfully convinces the bankruptcy judge that abuse is present, the Chapter 7 discharge will not include that credit card debt.


A$$monkey is facing the real possibility that all or most of that $180K CC debt won't be discharged. He is between a rock and a hard place. He has to tiptoe through a veritable minefiled with liar loans, stated vs real income and buying 8 properties essentially at the same time. He's got the IRS, CC debt collectors, possible criminal charges and a bankruptcy trustee meeting with creditors he must navigate. Trying to escape on one front leaves him vulnerable on the other.

For instance, if he says he was bringing in enough income to justify the CC purchases...uh oh, her comes the IRS. That is just one of the numerous possibilities where he will run into conflict.

Not to mention the judge is going to look at his case and just laugh. Snowflake isn't someone who got a "little" overextended, or had a high paying job and got laid off, or had a medical emergency. He is a FRAUDSTER on a spending binge. Now way he could ever pay any of that back.

He's got liar loans and possible criminal charges, for sure he hasn't filed any tax return in the past five years over $35K, $180K+ in CC debt and taxable income off of foreclosed property around $400K.

This is the reason why Casey has not filed for BK. He is DOA. He may get away with it on reason #1 above, but he is so nailed on #2 and knowing him most likely #3.

No BK judge is going to let him discharge that, and his creditors have the goods on him, thanks in large part to his ridiculous blog.

king friday the 13th said...

hey bob dawg,

what does the "03" in the header for Exurban Nation stand for. Also, while your at it -- what is the rest of the cryptic symbolism in the header (i.e., the gray text)?

Or maybe that would be a good topic?

hmmm... I imagine a red thong would make Casey patriotic in prison. The thong is RED. His ass is WHITE. And after Bubba's done, his brown eye will be BLUE.

we really need a "best of" for all the prison jokes here at EN.

Lou Minatti said...

"A$$monkey is facing the real possibility that all or most of that $180K CC debt won't be discharged."

I dislike Casey for many of his irresponsible actions. In this instance, I hope the credit card companies get the ass-pounding instead of Casey.

Anonymous said...

King: I'm pretty sure the "cryptic" stuff is just a mass transit map.

Rob Dawg said...

It's a very slow lazy Saturday. No need to get all worked up. The East Coast is digging out, I'm kickin' back. My Yankee ancestors must be in a quandry. The very idea of kickin' back would be foreign. Then again the idea of not having to bust butt just to get by would appeal to higher purposes.

Young Dandeloin is not going to get much in the way of debt discharged. The judge will ratchet the interest rates to something low and probably set some cents on the dollar figure for the older balances. The judge will probaly punish Cashcall for being stupid loaning Casey money but he'll still have a six digit judgement against him.

The EN header is boilerplate from the very soon to be abandoned blogspot. No secret cabal symbols are implied. Wait for the new pages where there will be secret buttons and images.

There seems to be confusion over my transportation and land use opinions. I've got a 30 year old MBTA subway t-shirt and some old 5¢ tokens and stuff. I even have an innaugural Ventura Metrolink ticket someplace. I don't hate transit, I hate what has happened to transit and I hate worse what people are trying to do to transit.

FlyMonWar, when your servicing company goes under your loan is an asset and is usually sold at a discount to someone else in a package. You may not even see an address change. I personally think a new market is opening up. I'm hoping to buy my own mortgage. At 4.99% no bank wants this because they can lend the same amount 5 times at 6.5% If I deliver the cash. I have no idea what the "present value" may be but at some point I'll approach them and offer some cents on the dollar buyout.

Benoit™ said...

Rob Dawg wrote: Young Dandeloin is...

heh, is that Nigel's nickname for Casey? "Come hither, Young Dandy-Loin. Yum!" ;-p

Rob Dawg said...

Benoit™,
Honest to dawg, I first mistyped that and caught it, laughed at myself and decided to let it through. This is the smartest groups I've ever encountered when it comes to subtle in-u-end-o.

Dandy-loin; That's Bubba's nickname for his future Mrs. Bubba.

Akubi said...

Quite slow around here. Everyone celebrating St. Patrick's day I assume...?

Akubi said...

Yankee Quandry Laundry :).

ben sherman said...

The New York Times

March 17, 2007

Mortgage Trouble Clouds Homeownership Dream

By EDUARDO PORTER and VIKAS BAJAJ

Perhaps the American dream of homeownership is not for everyone.

That may sound at odds with a bedrock notion of society promoted by presidents for decades. But many experts say it is a message that can be drawn from the rising troubles with mortgages provided to home buyers with weak credit.

Several large mortgage companies have stopped making new loans, and others have tightened lending standards.

Hundreds of thousands of families who bought houses in the last two years — using loans with low teaser interest rates and no down payments — are now losing them.

Their short tenure as homeowners calls into question whether the nation’s long drive to increase homeownership — pushed by both public policy and financial innovations — has overstepped some boundary of demographic and economic sense.

“Clearly we went too far,” said Joseph E. Gyourko, a professor of real estate and finance at the Wharton School of the University of Pennsylvania. “It’s not the case that high homeownership is always good.”

Consider Nathaniel Shields, who expects to lose his four-bedroom Cape Cod house in southwest Chicago to a foreclosure in May.

He cannot afford his mortgage payment, which jumped to $1,300 a month from about $1,000 after his loan reset to a higher interest rate last summer. A divorce and the loss of his county government clerical job, which paid $14.80 an hour, have also hurt.

In 2004, Mr. Shields took out a popular hybrid mortgage that carried a fixed interest rate for two years before becoming an adjustable-rate loan for the remaining 28 years. In August, his loan’s interest rate rose from 6.6 percent to 8.1 percent, and to 9.6 percent now. “I love the house,” said Mr. Shields, 47, who now works in a custodial job with the Chicago school district that pays $10.40 an hour. “I put a lot of money in the house — a deck and a new garage — and they are just going to take the house.”

Kathleen Van Tiem, a counselor at Neighborhood Housing Services of Chicago, has been trying to help him, but says that his weak credit and low income make him ineligible to refinance or modify his loan. Mr. Shields has put his house up for sale, but in a market with many homes available, he has found no takers.

There were surges in homeownership rates last century, but further gains have been slow going more recently, despite the hoopla of the housing bubble and the surge in home building.

The nation’s homeownership rate has increased by only about 1.4 percentage points since 2000, to almost 69 percent last year.

But subprime mortgages — granted to borrowers like Mr. Shields with weak, or subprime, credit histories — played a big role in achieving those levels.

This push, however, has meant intense financial strain for many families. Subprime borrowers will spend nearly 37 percent of their after-tax income on mortgage payments, insurance and property taxes this year, according to estimates by Mark Zandi, chief economist of Moody’s Economy.com, drawn from Federal Reserve data.

This is about 20 percentage points more than prime borrowers and 10 points more than what subprime borrowers paid in 2000.

And their payments will get higher, Mr. Zandi estimates, as low teaser rates used to lure them into the market adjust upward after a few years.

When the housing market started weakening, subprime borrowers were the first to feel the squeeze. Almost 8 percent of subprime mortgages — more than 450,000 loans — were either in foreclosure or in arrears of more than three months in the fourth quarter of last year, according to the mortgage bankers.

Their unraveling means not only a string of failed lenders. Homeownership rates have slipped, and many low-income families, who dedicated meager savings toward a stake in their first homes, are facing foreclosure.

“I worry that people are overexposed to risk,” said Stuart S. Rosenthal, an economics professor at Syracuse University. “We wouldn’t encourage people to buy risky stocks, so why do we encourage low-income families to invest in this risky asset, especially in tight markets?”

But politicians have long encouraged the idea of homeownership. “A nation of homeowners is unconquerable,” Franklin D. Roosevelt said. Promoting homeownership has been a cornerstone of President Bush’s “ownership society.” He has declared June to be National Homeownership Month.

And government has played a substantial role in fostering homeownership — including offering mortgage insurance and creating Fannie Mae and Freddie Mac to buy mortgages from lenders and repackage them for sale to investors.

Moreover, the government has provided an ever-growing pile of subsidies to the buyers of homes.

The mortgage interest deduction, the biggest single subsidy to homeowners, will cost the federal budget about $80 billion this year, according to the administration’s projections. Deductions for state and local property taxes will cost $15.5 billion.

Allowing homeowners to pocket tax-free much of the profit from selling their homes is expected to cost $37 billion more. Altogether, this amounts to almost 5 percent of the federal government’s total tax revenue, and almost three times HUD’s entire $42 billion budget. Now even some in Washington are questioning the soundness of pushing homeownership so broadly.

United States policies in recent years promoted the idea of homeownership too hard and at the expense of rental housing, said Representative Barney Frank, Democrat of Massachusetts. “I wish people could own more homes,” he said in an interview yesterday. “But I also wish I could eat and not gain weight.”

And the government’s efforts to promote homeownership are far from an unqualified success. From 2000 to 2005, homeownership rates increased significantly only among households in the top two-fifths of the income distribution, those earning more than $46,883, according to the Census Bureau’s American Community Survey.

Homeownership declined for families in the bottom two-fifths of the income scale. In the lowest fifth — where families make less than $20,180 — homeownership was only 42.4 percent in 2005, which was 3 percentage points less than it was 25 years earlier and 26 percentage points below the national average.

Part of the reason is the structure of government subsidies, which are worth very little to low-income families but quite a bit to families with big incomes. Those well-off families typically do not need government support to buy a home but use it to buy bigger places than they would otherwise purchase.

The mortgage interest deduction alone is worth about $21,000 to a taxpayer in the highest bracket of income with a $1 million mortgage. But for a typical family that bought, say, a $220,000 house with 20 percent down, the break is worth about $1,600.

Some economists question whether the government should be subsidizing homeownership in the first place.

Edward L. Glaeser, a professor of economics at Harvard, said he could understand government “giving a slight push to increase homeownership, but the current incentives are much more than a slight push.”

Economic studies do suggest that homeowners try to maintain the value of their properties — tending to their gardens and investing in their communities. But it is not clear that homeownership itself fosters these behaviors; it could be that people who invest in their communities prefer to own their own homes.

Homeownership also has a more problematic side: it locks people into an asset and ties them to a place. “Too much homeownership might restrict mobility, and that may not be a good thing,” Professor Gyourko said.

Take Adam Gardner, a 29-year-old appraiser who bought a three-bedroom, two-bath house 20 miles north of Reno, Nev., for about $255,000 two years ago. His wife is pining to move closer to town, but with housing prices falling all around him, Mr. Gardner doubts they can pull it off. “I’m not sure we can sell the place we are in,” Mr. Gardner said.

Some people can bear tying up much of their wealth in a house — those with a secure, well-paid job in a stable labor market, for instance. But others might need more freedom to move: the young in pursuit of love or careers, say, or workers in declining job markets.

The American dream of homeownership may continue to grow over coming decades, if only because the population is aging and older people are more likely to own their own home. But for now, even industry insiders acknowledge that, at the very least, it is going to take a breather.

Ted J. Grose, a mortgage broker in Los Angeles, said, “For the moment we may have plateaued.” For all the concerns about low-income families facing foreclosure, some economists believe that the development of the subprime credit market has, over all, been a boon for people with low income.

Harvey S. Rosen, a professor of economics at Princeton who was a former economic adviser to President Bush, put it this way: “Ultimately the public policy choice is going to be whether to make it harder for people to get these loans, and just shut people out, or let people make the choice and know that sometimes they will make mistakes.”

Shupe said...

Uh, could we get a link instead of the entire article?

Thant one just wore out my scroll wheel.

Thanks,

007 said...

@Lou

I'm no fan of the CC co's, with their sneaky conditions on balance transfers, willy nilly handing out of cards (especially to younger unestablished people) and sucker-me rates. However, slime like Casey who ring up astronomical charges with no intention of ever paying it back, they should get whacked.

I feel for the average Joe/Jane who gets the strong arm tactics applied to them by collection agencies. Usually because they are victim of circumstance, and they want to do the right thing. Casey on the other hand, is a con artist through and through, and manipulates people and situations to his advantage. He deserves every rotten thing coming his way.

MerMerde said...

Where's the party? I seem to have missed it.

SweetJuice said...

I am not and have never been a member of the Communist party. I do not and have not adhered to the tenets...

Akubi said...

007,
KC is an annoying prick. However, the fact that so many financial institutions who should know better played into the lolly-pop dreams of the many, many KC-ish characters is even worse. As I've said before, it's fun to rail on KC's ass, but look up the food chain.

LOL said...

Can you believe the nerve of this guy? Another Casey Serin site!

Lou Minatti said...

"I've said before, it's fun to rail on KC's ass, but look up the food chain."

Yep. The lowlifes certainly made their SWEET commissions off of Casey's idiocy.

Problem is there aren't enough prison beds for them. That guy in Arizona who makes cons wear pink and live in tents. There's a solution for the lowlife mortgage brokers and crooked appraisers.

king friday the 13th said...

Additionally, this will be an unmoderated site, but Google registration is required.
----------------------------------

my prediction -- this goes site down faster than Nigel in a bathhouse.

FlyingMonkeyWarrior said...

Thanks Dwag my main man.
Just got in from my St Paddy's day celebration. gtg.

Miguel said...

I just tried to leave a comment on Smarmy's new site - nothing abusive, just a polite question about how he can keep a straight face while following a paragraph that ends "Feel free to post with no fear of retribution" with a threat to censor and ban anyone who steps out of line.

But he's not accepting any comments, as I have to be a "team member". And I really don't fancy the likely initiation rituals for this particular team...

Casey Serin is gay said...

A hard fall for Irvine mortgage lender

When the sub-prime lending business came crashing down, few fell harder than New Century.

By E. Scott Reckard and Kim Christensen

LA Times Staff Writers

March 18, 2007

As mortgage lender New Century Financial Corp. collapsed last week, some of the Irvine company's top salespeople relaxed at scenic Dromoland Castle in Ireland, which boasts that it pampers guests like they were "landed gentry."

The trip to Dromoland and other Irish haunts was booked in better days for winners of the firm's President's Club awards. New Century's money troubles led it to rescind sponsorship, but some workers apparently decided that if their employer was dying, an Irish wake was in order.

"Some people had already made personal plans and decided to go ahead on their own," company spokeswoman Laura Oberhelman said.

Sales incentives such as trips to Ireland were long a part of the culture at New Century and other lenders that specialize in making sub-prime mortgages to people with spotty credit, irregular income or other issues that stopped them from getting lower-cost prime loans.

The business boomed as housing prices soared. Orange County, one of the world's hottest real estate markets, was a center of the action. New Century and other lenders, including Ameriquest Mortgage Co. in Orange and Irvine-based Option One Mortgage Corp., recruited huge sales forces to hustle business.

"The culture around all of these sub-prime lenders has been 'Hey, bring it to us. We'll make it happen,' " said Philip X. Tirone, a Los Angeles mortgage broker and author. " 'If you have a client with a [low] credit score who only wants to put 5% down and had a bankruptcy not too long ago, that's OK. Bring us that loan.' "

Then it all came crashing down, and few fell harder than New Century.

In little over a decade, New Century had become the nation's largest independent sub-prime lender. It wrote nearly $52 billion in loans last year and employed 7,500 people. It's top executives became rich, then richer, as its stock price soared to more than $65 a share.

But last week, the company stood on the verge of extinction. New Century was forced to stop making loans because the Wall Street firms that provided its funding cut off the flow of fresh money. Federal investigators were conducting a criminal probe into its accounting, and the New York Stock Exchange delisted the company after its shares fell below $1.

What went wrong? The company's rise and fall is in many ways the story of the rise and fall of the sub-prime lending industry.

While housing prices were going up, these lenders flourished. They specialized in serving borrowers with marginal credit — charging them more for the privilege — but the robust real estate market took out much of the lenders' risk. If the payments got too hard to handle, the borrowers could simply refinance into new loans with low initial "teaser" rates, or perhaps even sell their properties for a profit.

But when home prices leveled off or declined, this escape route was blocked. Making matters worse, many companies loosened their lending standards in the last year in an attempt to keep loan volumes up, industry experts say.

The result has been a rising tide of defaults and a decision by Wall Street banks such as Merrill Lynch & Co. to cut off funds to sub-prime specialists.

"I am a little bit shocked that this meltdown didn't happen sooner," said Jeff Lazerson, president of Mortgage Grader, a Web-based brokerage in Laguna Niguel. "In the past, we used to say that if you could fog a mirror you could get a loan. For the last five years, you could be dead and get a loan. That's why we're in this mess today."

New Century was founded in 1995 by a trio of mortgage industry veterans — Robert K. Cole, Brad A. Morrice and Edward F. Gotschall — who had worked together at Plaza Home Mortgage Corp. in Santa Ana and later helped launch Option One.

They took New Century public in 1997, just as housing prices began picking up after a long slump. Fueled by the housing boom and low interest rates, New Century expanded to 216 sales offices in 35 states — commanding its empire from an 11-story office tower in Irvine, next to a building once occupied by Charles H. Keating's Lincoln Savings & Loan, an infamous player in the savings and loan crisis of the 1980s.

Cole, Morrice and Gotschall grew wealthy as the stock price rose, and have been hammered — on paper, anyhow — by its sharp decline, each having lost well over $50 million on their holdings since May, when the stock hit a recent high, according to regulatory filings.

Yet they already have realized huge actual profits from the company. In 2003 through 2005, each took home nearly $8.4 million in salary and bonuses. And they earned even more from stock sales: In 2005, for example, Cole cashed in stock options for $12.7 million, Morrice for $13.3 million and Gotschall for $13.9 million, filings with the Securities and Exchange Commission show.

All three landed in homes in the pricey Orange County neighborhoods seen in reality television shows: Gotschall in a sprawling Coto de Caza estate, and Cole and Morrice high in the hills above Laguna Beach.

The growing company sought to burnish its reputation through philanthropy and community involvement, touting affiliations with Habitat for Humanity, public television station KOCE and the Volunteer Center Orange County.

In April 2005, Gotschall and his wife, Susan, gave $3 million to Mission Hospital in Mission Viejo to expand the trauma center. Hospital administrators who trumpeted the donation, then Mission's second-largest, said they would name the trauma center in the Gotschalls' honor.

Last May, shortly after he left New Century, former Executive Vice President Patrick Flanagan gave $500,000 to Saint Mary and All Angels in Aliso Viejo, a private school attended by four of his five children. The school head said the money would be spent on a new "crown jewel" of the campus, the Flanagan Family Performing Arts Center.

Flanagan also oversaw New Century's NASCAR racing team, which in 2005 pledged to give $168 to the Autism Society of America for every lap led by driver Jamie McMurray. Flanagan earned more than $8.4 million in salary and bonuses in the three years from 2003 to 2005, and exercised stock options for a gain of $2.6 million in 2005.

Key employees shared the fruits of success. Top producers in the sales force were treated to vacations in Europe and the Caribbean. Independent mortgage brokers were also given incentives to deal with New Century, said Edward Arce, an Orange County mortgage broker.

"If you were an account executive at New Century, you would go out to brokers like myself and incentivize them by saying, 'If you do business with us, we will pay you more than our competition is paying,' " Arce said.

Account executives offered brokers bonuses of 1% of each loan, Arce said, so that a $500,000 loan would generate a $5,000 premium on top of other commissions, which vary depending on a loan's terms. (Oberhelman, the company spokeswoman, said New Century had stopped the use of such bonuses in recent years.)

Arce sued New Century and one of its employees in 2003, alleging that the employee's boyfriend — who was not a licensed broker — was impersonating Arce and using his company's name to sell loans. Arce said the pair wrote about 35 loans in this way. Most of them were "stated income" loans, in which borrowers aren't required to document their earnings or financial qualifications.

Industry critics have assailed the sub-prime lending industry in general for loose standards. Because loan agents and mortgage brokers work on commission, these critics say, they had little incentive to reject questionable loan applications.

Independent mortgage companies generally sell their loans to Wall Street firms, which bundle them into securities. But these buyers can force the companies to buy back loans that turn out to have involved fraud.

Loan buyers also can force the companies to repurchase mortgages if the borrowers miss initial payments. It was a flood of these early payment defaults that triggered the meltdown in sub-prime, analysts say.

In Arce's case, the Orange County jury that heard the civil case rendered a split decision: It ruled that the couple had defrauded Arce, but cleared New Century of liability. But Arce said the experience left him with a bitter image of "the whole sub-prime world," which he now avoids. "The whole industry is in trouble," he said.

Few disagree with that assessment. Sub-prime loans made in 2006 are going into early default at the fastest pace in years. About three dozen large lenders have closed operations, drastically cut back, filed for bankruptcy protection or been sold to healthier companies.

At New Century, funding problems were exacerbated by a criminal investigation disclosed earlier this month. The U.S. attorney's office is examining how executives accounted for losses when the company was forced to buy back soured loans last year, and whether its executives profited by selling stock while misleading other investors about the company's financial situation, according to a regulatory filing. The company has said it is cooperating with federal investigators.

New Century stopped making new loans March 7 and was delisted from the New York Stock Exchange last week amid concerns over its viability.

Shares now trade in the over-the-counter market, closing Friday at $2.34. That's more than double their value earlier in the week. But less than a year ago, they were worth more than $50.

UncleC said...

@JJUICE flicker -- I believe the correct address for the Coyote property is 3550, not 3500 as you have it on all the Coyote pics (Homey listed the addr as 3550 on his early Feb post).

The satellite pic of West Sac is very interesting -- it clearly shows the flood walls surrounding West Sac. This whole area could well be flooded. Snapdragon is very close to the most vulnerable north end where the marshes are on the pic.

UncleC said...

Below is for the jjuiceserin gallery:


www.flickr.com/photos/94588127@N00/with/386261106

Anonymous said...

Fuck you, Nigel. Fascist. Can't take the heat, huh? You're as much a coward as Casey.

What's in this for you, Nigel? Hm? What benefit do you get from keeping the meanyheads from the little touslehaired poppet you love so much? Hmmm?

One would think:

A. You're in on the scam.

or B. You're in love with Casey.

or both.

Geee, maybe this new blog will get more than 10 hits? Maybe if you really, really, really try?

Give it up, bitch. You suck at blogging, you offer no entertainement, and you're a fascist shithead who can't take the truth.

Roll your new blog up with your useless real estate blog, so it's all sharp corners, and cram it where you want Casey to give you a "sweet" birddog.

Loser.

TK said...

Ah - Well I figured it was just a matter of time before Nigel started an I Love Casey site.

Nigel, OOOOOH Nigel! You had to start a Casey blog because nobody wanted to talk about SLC Real Estate? What does that say about your blog? HILARIOUS!

Additionally, since you started I Love Casey you have racked probably racked up as impressive a hit count as you have on your regular blog - and just as many comments! Congratulations, your man/boy love is now confirmed and appreciated by your haters.

I am absolutely certain that you will be rewarded with NO MORE CASEY RELATED COMMENTS ON YOUR SLC CRAP BLOG. (wink wink people) And LOTS of comments on your Casey blog. I predct the end of hater sites. Make sure you set up several links in the comments section on Zewg....I mean IAFF!

Clotpoll said...

Nigel is now a confirmed ass pirate. What a butt-munching suckup of a lickspittle.

How does such a flaming queen survive in Utah? I thought they tarred and feathered guys like him.

PMSPMS said...

http://www.xanga.com/guestbook.aspx?user=sercasey

Oooohhh - unmoderated guestbook!

Have fun!

TK said...

Clotpoll,

Places like Utah where everyone conducts their life with so much public religious fervor are the same places where "righteous" people snort tons of meth and hire male prostitutes while their broke congregations tithe money they don't have.

PMSPMS said...

Flyingmonkeywarrior - your loan get's sold on if your lending company goes under... you just send the cheque to a different place.

WRT http://www.xanga.com/guestbook.aspx?user=sercasey

This is Snowflakes xanga hangout... it has his pic there... looks like his "creditors" are using it to try to contact him!

Anonymous said...

Make sure you use the words "Casey Serin" and "Fraud" FREQUENTLY to get those google hits up.

TK said...

Jeez, IAFF down AGAIN!? He needs a more reliable free host to leech off of.

sk said...

RE:
At 10:56 PM, LOL said...
Can you believe the nerve of this guy? Another Casey Serin site!

I went to that post and it had an ad for "Gay-Friendly Autos" on it !
Google's gaydar clearly works!
For the record, I do NOT think "homosexual activity is immoral", these types of "Coalitions of the Willing" are far better than General Pace's, I don't care what people do so long as it doesn't frighten the horses and if somebody asks me - "Would I have a gay member on my team" my answer would be "I assume I often have in the past, do so now and will have in the future".

-K

Akubi said...

Lou Minatti,
Yes, the wearing pink in Arizona tent solution is quite ingenious. Regarding predatory lending,
did you read Tanta's latest post http://calculatedrisk.blogspot.com/2007/03/tanta-on-fico-inflation.html on Calculated Risk (particularly the last paragraph)?

Anonymous said...

Next up on the end of mortgage companies:

Anything to do with Nigel.

ratlab said...

Been difficult to short LEND lately. Not too many shares to short. In fact, it's not worth waiting for share to become available given the volatility.

Been looking at the daily move of NDE. It's been opening higher and then trading down the rest of the day. So I've been shorting near the open and covering relatively soon or later in the day. Steady Eddie, I say.

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7. country…………………
8. phone…………………..
9. occupation………………
10.age/sex…………………
11.Monthly Income…………..
12.Email……………..

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