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Started By
Message
re: In April FHA paid 203,000 missed mortgage payments for 34,400 borrowers for $314,000,000
Posted on 5/10/25 at 10:09 am to 4cubbies
Posted on 5/10/25 at 10:09 am to 4cubbies
quote:
I’m sorry you fail to grasp that admitting over and over that you don’t cross check any of his data because it’s too hard to do is problematic.
I never once said that at all. You are now resorting to lying because you have made yourself look foolish in this thread and have no other way to get out of the hole you have dug. The tweet stated where the data came from and I have clarified where you can look at yourself. If you choose not to then that is on you.
I own a company that manages foreclosure assets in 14 states and have been doing so since 2009. I not only know the data inside and out, but I see it in real time. I know ahead of anyone here how the foreclosure markets in those states are shaping up. I often see it before the monthly data dumps and two years ago I knew Biden was abusing forbearance for FHA loans. The rest of the world only realized it about a year ago.
quote:
Why be so bitchy yet smug all at once?
Because you are an idiot who is hijacking a good discussion with stupid gotcha attempts trying to downplay factual data.
This post was edited on 5/10/25 at 10:11 am
1
Posted on 5/10/25 at 10:10 am to 4cubbies
quote:
I’m just someone who likes to interpret raw data for myself.
Then go do it. I linked a ton of resources for you.
Posted on 5/10/25 at 11:02 am to stout
quote:
How about the 592K for the year of 2024?
So 1.3mil homes available that would be bought up in 5mins
No it would cause prices to go down
Posted on 5/10/25 at 11:04 am to stout
quote:
I never once said that at all.
Did you verify his data? This is a simple yes or no question
Requesting a source isn’t hijacking. Calling someone middle school names for requesting a source IS.
Despite your smug bitchiness and attitude problem, I continued to stay on topic. Stop being such a smug bitch with an attitude problem if you don’t want to be called out on it.
Posted on 5/10/25 at 11:05 am to SDVTiger
quote:
that would be bought up in 5mins
In 2024 we had the slowest annual sales of existing homes since 1995.
Posted on 5/10/25 at 11:12 am to stout
quote:
592000 borrowers were assisted even long after CV was over. You are correct that this absolutely added fuel to the fire and made prices skyrocket.
Can I finally now say told yall?
Less than two weeks ago yall voted me into oblivion because I said everyone is living in false equity. Everyone with really high cc debt that was considering downsizing to pay off higher interest debt just lost a lot of equity and will now be stuck in the home.
If you bought 2020 to now you are negative as compared to what you paid. Not negotiable.
This is why you have to pay attention. Sold a property at peak and went to a nicer smaller more efficient home in anticipation of all the bullshite that was building. You could see it.
This post was edited on 5/10/25 at 11:14 am
Posted on 5/10/25 at 11:13 am to cadillacattack
I know two people with homes for sale in Tampa area. Both have been on market for +45 days and neither has had an offer even after several price drops that bring them right to break even on mortgage payoffs, closing cost, and realtor fees. Both were new construction and bought in 2022. They are fricked because neither will rent at break even when considering monthly ownership cost, either.
This post was edited on 5/10/25 at 11:20 am
Posted on 5/10/25 at 11:17 am to 4cubbies
quote:
Did you verify his data? This is a simple yes or no question
I don't have to. He is a trusted source, and I know where his data comes from and have linked the sources for you. Others have verified and checked his data in the past as he summarizes these reports every month.
I know you will try to spin this into a gotcha win since you tried to keep to a yes or no but all that will do is prove you are being purposely obtuse despite me linking the sources and pointing out his data is parsed down from Congressionally mandated reports.
You claim to verify data posted here so why aren't you doing so now? I shared the source and tons of other data you can dig into.
If he was a writer for a news outlet instead of a guy running an X and substack account, would that make a difference to you?
quote:
Requesting a source isn’t hijacking. Calling someone middle school names for requesting a source IS.
Go read your smug arse initial post and try to understand why are hit with equal smugness. I know you won't because you are too blissfully ignorant and want to stay in that lane.
quote:
I continued to stay on topic. Stop being such a smug bitch with an attitude problem if you don’t want to be called out on it.
See above
You still haven’t done the research, even after I linked to the source and clearly explained how to access it. At one point, you even smugly suggested I had no idea where the data came from. When I told you exactly how to find it, you still continued on your path of trying to discredit the data because you have zero idea how to even begin to read said data.
Posted on 5/10/25 at 11:19 am to stout
Correction. You and I paid $314 million last month to subsidize the unproductive.
Posted on 5/10/25 at 11:20 am to cornerstore
quote:
paid $314 million last month to subsidize the unproductive
The burden won't really be on the taxpayers until some of those homes go into foreclosure but you aren't wrong
Posted on 5/10/25 at 11:21 am to stout
4cubbies is probably a section 8 renter. Ignore the stupid bitch.
Posted on 5/10/25 at 11:22 am to stout
quote:
The burden won't really be on the taxpayers until some of those homes go into foreclosure but you aren't wrong
Who’s money do you think that is?
Posted on 5/10/25 at 11:22 am to dalefla
quote:
4cubbies is probably a section 8 renter. Ignore the stupid bitch.
If they let me live in section 8 for free I might consider when I am retired.
This post was edited on 5/10/25 at 11:23 am
Posted on 5/10/25 at 11:28 am to dalefla
quote:
4cubbies is probably a section 8 renter. Ignore the stupid bitch.
TRIGGERED
Posted on 5/10/25 at 11:30 am to cornerstore
quote:
Who’s money do you think that is?
It comes from the FHA-Mutual Mortgage Insurance Fund, which is financed by mortgage insurance premiums (MIP) paid by FHA borrowers, so its less of a burden on taxpayers than you think. If that fund ever becomes insolvent, then Congress will replenish it, at which point you can say it is directly funded by taxpayers.
A little more info on how they keep it solvent
quote:
The MMIF is required by law to maintain a capital ratio of at least 2% (the ratio of the fund's reserves to its insured portfolio).
It is monitored annually through an actuarial review to ensure it can cover projected losses.
If the fund falls below the required ratio, the FHA may adjust premiums or make policy changes to restore balance.
Posted on 5/10/25 at 11:31 am to stout
quote:
I don't have to. He is a trusted source, and I know where his data comes from and have linked the sources for you. Others have verified and checked his data in the past as he summarizes these reports every month.
Its such a dumb argument, there's a lot of things that go into converting raw data to usable analysis. Sure there's an element of trust that goes into using others analysis, but that still doesn't mean others analysis isnt usable or that you can't draw conclusions.
Especially with the extra context you've provided, seems more than sufficient.
This post was edited on 5/10/25 at 11:43 am
Posted on 5/10/25 at 11:32 am to 4cubbies
Allergic to morons.
Posted on 5/10/25 at 11:33 am to stout
So other FHA borrowers are paying an additional $314 million per month. I think we’re basically saying the same thing.
Posted on 5/10/25 at 11:34 am to Seeing Grey
quote:
there's a lot of things that go into converting raw data to usable analysis. Sure there's an element of trust that goes into using others analysis, but that still doesn't mean others analysis is usable or that you can't draw conclusions.
And if you know how to use AI, you can easily and quickly parse the data dumps down to extract the exact info you are seeking.
Posted on 5/10/25 at 11:35 am to jizzle6609
quote:
If they let me live in section 8 for free I might consider when I am retired.
Never loose your self respect. It is one of the few things, like integrity, that can't be taken from you, only given away.
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