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Started By
Message
Investor starts new North BR home ownership program
Posted on 2/21/18 at 4:03 pm
Posted on 2/21/18 at 4:03 pm
Business Report
See, what we'll do is, we'll lump a bunch of mortgages together and pitch these to investors as low risk securities because, I mean, what's the chance that ALL of these people default on their mortgages and cause a financial crisis?
See, what we'll do is, we'll lump a bunch of mortgages together and pitch these to investors as low risk securities because, I mean, what's the chance that ALL of these people default on their mortgages and cause a financial crisis?
This post was edited on 2/21/18 at 6:06 pm
16
Posted on 2/21/18 at 4:05 pm to BRIllini07
quote:
See, what we'll do is, we'll lump a bunch of mortgages together and pitch these to investors as low risk securities
Ah good old Clinton era policies that caused the mortgage crisis. What could go wrong?
Posted on 2/21/18 at 4:05 pm to BRIllini07
Property has to be pretty cheap there. I imagine this is not a business decision for them. More marketing/sponsorship/donations.
Posted on 2/21/18 at 4:05 pm to BRIllini07
SWBMBS?
Sharon Weston Broome Mortgage Backed Securities?
Brilliant!
also frick whitey
Sharon Weston Broome Mortgage Backed Securities?
Brilliant!
also frick whitey
Posted on 2/21/18 at 4:06 pm to BRIllini07
Clearly they are a predatory lender.
At least that is what people will say in about 5 years.
At least that is what people will say in about 5 years.
This post was edited on 2/21/18 at 4:11 pm
Posted on 2/21/18 at 4:08 pm to BRIllini07
Posted on 2/21/18 at 4:11 pm to BRIllini07
Why would anyone want to live in a food desert??
Posted on 2/21/18 at 4:11 pm to Bard
We should ditch homestead exemption.
Posted on 2/21/18 at 4:12 pm to Jim Smith
quote:
Why would anyone want to live in a food desert??
IDK. To be closer to Tony's Seafood?
Posted on 2/21/18 at 4:13 pm to BRIllini07
Very interesting considering the guy who started Investar (John D’Angelo) is the same guy who used to own Aegis Lending right off of Siegen and the interstate which was the same kind of company. He knows what he’s doing and is very smart. He sold Aegis to someone in Texas right before it went belly up then turned around and started Investar.
Aegis Lending
Aegis Lending
This post was edited on 2/21/18 at 4:25 pm
Posted on 2/21/18 at 4:14 pm to Jim Smith
quote:
Why would anyone want to live in a food desert
The Krispy Kreme on Hollywood/Plank closed???
Posted on 2/21/18 at 4:14 pm to BRIllini07
Posted on 2/21/18 at 4:15 pm to financetiger
quote:
He’s very smart. He sold Aegis to someone in Texas right before it went belly up then started Investar.
Posted on 2/21/18 at 4:23 pm to BRIllini07
Good ole mortgage back securities. Now with more low incomes
Posted on 2/21/18 at 4:23 pm to financetiger
Yeah, you may want to check your facts on that. He is the one who did something very similar to this with UC Lending after leaving Hibernia. What he did was basically sell all the decent assets UC had to other companies and the Aegis came in and tried to deal with the non-performing paper. Aegis who was a prime lender didn't really want to lend to UC type customers so essentially they killed the remnants of what was UC (who was living on borrowed time). In fact, He and T Brown had the same thing with GMFS which was so toxic no one wanted to buy it. They eventually turned it around as a pass through. However, I would say he was smart in getting paid off from Hibernia and UC and turning that into Investar. If you dig into Investar, there are a lot of the same players that were involved in UC.
Posted on 2/21/18 at 4:38 pm to tiger94gop
Aegis Lending
10049 North Reiger Road
Baton Rouge, LA 70809
Business Started: 04/23/2002
BBB File Opened: 05/20/2003
Type of Entity
Corporation
Contact Information
Principal: Mr. John D'Angelo, President
Mr. Michael C Balog, Legal
Mr. Rick Thompson, CEO
Business Category
Mortgage Broker
Products & Services
This company offers mortgage lending.
10049 North Reiger Road
Baton Rouge, LA 70809
Business Started: 04/23/2002
BBB File Opened: 05/20/2003
Type of Entity
Corporation
Contact Information
Principal: Mr. John D'Angelo, President
Mr. Michael C Balog, Legal
Mr. Rick Thompson, CEO
Business Category
Mortgage Broker
Products & Services
This company offers mortgage lending.
Posted on 2/21/18 at 4:39 pm to BRIllini07
quote:
CEO John D’Angelo, who founded Investar in 2006 and took the holding firm public in 2014
Definitely no shady dealings or corruption here!
Posted on 2/21/18 at 5:00 pm to BRIllini07
You can’t spell “Rat Infestation” without Investar.
Posted on 2/21/18 at 5:03 pm to BRIllini07
quote:
I mean, what's the chance that ALL of these people default on their mortgages and cause a financial crisis?
Would only invest if I needed a tax break.
Posted on 2/21/18 at 5:08 pm to Mac
John D’Angelo, the definition of shite.
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