Home : Blogs : Tom Armstrong - Temecula Mortgage ZERO Down : Tom Armstrong's Rapid Equity Building, Reverse Mortages, No Down Home Loans, Credit, Investment Real Estate, Mortgage, and Miscellaneous Ravings Blog!

What Casa Blanca teaches about the lending fallout

Hearing all the Bankers, who brought us all these, if-you-can-fog-a-mirror-you-can-have-a-house loans, and the Fed, who actively encouraged the banks 'creativity' for years blowing off about all the fraudulant loans reminds me of a classic scene from CasaBlanca (my all time fave- it should be yours too!!). I was there and saw it with my own two eyes. The banks would come back to the loan officers and tell them exactly what changes to make on the 1003 in order to make the loan approvable, and therefore sellable. No paper trail of course, because they're smarter than that.

Anyways, enjoy the delicious irony in this scene, and ponder it's implications for the current mess.

Best Regards,

The STILL HERE Loan Officer!

Go ahead. Click it...

Posted by Tom Armstrong - Temecula Mortgage ZERO Down on 08/23/2007 12:34 PM

Comments (2)

financial markets, temecula real estate, california real estate, california mortgage, conforming

2 Comments on What Casa Blanca teaches about the lending fallout

AUG

2007

Hi Tom -- ROFLMAO -- You nailed this one. this is a great post . You got my five! Aloha

Life imitating art is always interesting, isn't it?

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?

Tom Armstrong - Temecula Mortgage ZERO Down

Temecula, CA

More about me…

Benchmark Fin. - Temecula Real Estate, Temecula Mortgage

Office Phone: (888) 847-1858

Cell Phone: (951) 544-6283

Email Me

All About Building Real Estate Wealth Like You've Always Dreamed of, But Never Believed You Can Afford, with Little or Nothing Down; Even With Less Than Perfect Credit! Guaranteed. Focus Areas Include: Rapid Equity Building, Credit Improvement, Buying Homes With Little or No Money Down, Investment Property Opportunities for Savvy Investors. <

Links

Archives

Find CA real estate agents and Temecula real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.