denisdman wrote:
PM, it's actually my specialty as I have been in charge of financial instiutions since 2004. I've met with the top managements' of Fannie Mae, MGIC and many other large companies in the home mortgage space. I even worked in mortgage brokering during grad school. I know the entire Fannie underwriting guidebook and Desktop underwriter. I did hundreds of FHA loans. Most here probably don't even know the difference between a conventional and non-conforming loan, how MI works, and loan securitization.
I could give you the top 20 reasons for why the subprime crisis occurred, but I don't have the energy tonight.
It starts with the FHLB system and moves down from there.
This is why you are my man under my administration.... Jorr has fun and horses handled. Seriously, it is amazing to me on this board how few are able to accept their lack of expertise on any one issue. Everyone is shouting all about this or that... In all likelihood you either know this or that.
But don't worry user <thisdumbscreenname> will be along to fight for 10 pages about <whateverthefuck>.
Agreed. We should only post about subjects we have professional experience with.