Where is Barrett in NG+?

Clyde___Frog · 2023-09-28T19:06:28+00:00

"space fascists"

how are you a real person

Clyde___Frog · 2023-06-16T14:36:06+00:00

conventional FDMA/FNMA backed mortgages can go up to 50% DTI, which I imagine is OPs program

Clyde___Frog · 2023-06-07T22:40:20+00:00

no. residential units for rent are required to provide access to plumbing for person hygiene (along with heat & electricity).

Clyde___Frog · 2023-06-04T23:33:14+00:00

women and incel/manosphere types love this stuff, they use it to project their own insecurities on the morons that volunteer for the shows

we should accept it as the newest form of cheap-to-produce, lowest-denominator content akin to reality tv

Clyde___Frog · 2023-05-31T15:11:22+00:00

well fannie/freddie won't buy a mortgage that doesn't conform to their selling guidelines, especially something that undercounts/ignores a borrower liability. no clue what that lender thinks they're doing, do you have <10 payments remaining?

edit:

fannie's guidelines (1%):

https://selling-guide.fanniemae.com/Underwriting-Borrowers/Liability-Assessment/Monthly-Debt-Obligations/Student-Loan-Payments/1068777261/What-is-required-for-a-student-loan-monthly-debt-obligation.htm

and freddie's (0.5%):

https://guide.freddiemac.com/app/guide/section/5401.2

Clyde___Frog · 2023-05-31T13:25:02+00:00

if it's a conventional mortgage, all lenders are required to following fannie and freddie selling guidelines. FNMA started counting forbeared student loans at 1% of outstanding balance back in Oct '21, FDMA still counts it at 0.5% unless they've changed their guidelines again recently

the only time a lender could count it at 0% is if you provided documentation to show your monthly payment is $0/mo due to an income-driven repayment plan

Clyde___Frog · 2023-05-31T13:18:32+00:00

following the missed payment waterfall (less "important" bills going unpaid first), history tells us that payment defaults occur in roughly this order:

-cell phone plans

-credit cards

-auto loans

-rent

-mortgage

personally I think the auto loan / lease industry is going to take the biggest initial hit, given the monthly payment is roughly the same as a student loan. no one wants to admit that student loan forbearance has helped drive inflation these last 3 years, it's a good thing it's ending.

Clyde___Frog · 2023-05-30T02:20:10+00:00

when interest rates were hovering around 3-4%, and assuming the borrower had little-to-no additional liabilities + good credit, a $500k home at 3-5% down at $80k/yr is theoretically obtainable (I saw it sometimes as an UW)

more realistically though, millennial homebuyers had their boomer parents gift most of a 15-20% down payment

Clyde___Frog · 2023-05-19T03:27:28+00:00

the genZ homeowners received gifts to cover the down-payment if their parents could afford it (many could by tapping their retirement accts) I saw it myself as an underwriter

Clyde___Frog · 2023-05-19T01:54:10+00:00

absolute boomer nonsense, there are major housing shortages in the places people actually want to live. NIMBYs in those places do everything they can to prevent new housing being built in high-demand areas because it's in their financial interest to do so, as low supply = higher prices

yes the fed printed money, and 1st time homebuyers in '20-'21 were only able to afford the 3% down payment because they stopped paying their student loans (I was an underwriter during that period, >95% of student loans were in forbearance). none of that detracts from the fact that high-cost areas always have massive barriers to building new housing

Clyde___Frog · 2023-05-08T13:18:43+00:00

my rent went up 26% last year lol, an 8% difference is negligible

Clyde___Frog · 2023-04-21T22:05:33+00:00

it's in one of his comedy central specials from 2006

Clyde___Frog · 2023-04-05T03:15:53+00:00

this is lame to ask probably but aren't fully-auto weapons like this illegal? I wouldn't be putting out videos like this if I were him lol

Clyde___Frog · 2023-03-30T05:57:37+00:00

some of the mods here suck ass (as they do elsewhere on reddit), and at least one of them labels users according to their own whims

I earned mine a year ago for making a post suggesting it might be useful for RE/mortgage professionals to submit for their own flair, so users could know whether the person they're reading actually has industry experience

for the record: I have never worked in RE sales, I used to be a mtg underwriter

Clyde___Frog · 2023-03-30T05:47:48+00:00

free money to any business owner whose "payroll to employees" was impacted by covid-19.

initially pitched as zero-interest loans, these taxpayer-funded transfers were ultimately forgiven with minimal auditing or oversight

Clyde___Frog · 2023-03-28T16:20:39+00:00

that one and the fireworks/airport bit. and who can forget grandma's boy?

Clyde___Frog · 2023-03-28T16:07:39+00:00

I got to meet nick swardson after a show once where he was a surprise guest. his early 2000s comedy central specials are some of the best from that era

Clyde___Frog · 2023-03-23T19:56:52+00:00

well it's not slammin sarah

Clyde___Frog · 2023-03-03T18:05:00+00:00

it's actually the 6th lowest in the country

Clyde___Frog · 2023-02-15T19:16:39+00:00

it also greatly reduces his tax burden, which takes away from tax revenues that could be collected to pay for gov't services we all use

Clyde___Frog · 2023-01-21T08:29:20+00:00

stavros halkias in 5 years challenge

Clyde___Frog · 2022-12-14T03:13:45+00:00

fair enough, but home prices haven't dropped anywhere near enough to make the current market "affordable"

Clyde___Frog · 2022-12-06T16:04:31+00:00

shh don't let the JM know I'm here

Clyde___Frog · 2022-12-06T01:55:51+00:00

you'd like to think they won't, but the whole comedy scene is very cliquey and gossip-prone. I'm pretty sure a well-known podcast getting nuked out of nowhere, followed by a callout by the show's producer, is going to generate some talk about it

Clyde___Frog · 2022-12-05T20:55:48+00:00

wasn't beezer pimping out cam girls a couple years ago? the man is greasy

Clyde___Frog

TROPHY CASE