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I had a craving and went to the beach for some grub. Turns out it was good grub exactly as I had expected. I walked on the beach to make myself feel better. I guess my blood is pretty thin as I was pretty cold but I sure am glad I had a good coat and a warm hat on. I always think about the big rim glasses with the attached nose and mustache but I left those in the car.
It was a perfect day.
Lo and behold I observe someone taking a photo of the plaques on the Tybee Pier. I have to stop walking so I can allow the photographer to get their glory photo of the plaques so I take the time to read what they tell. Oh my God. There is fucking "Dr." Pris...
Yes, that's sarcasm:
The mortgage firms are looking at every loan more than 90 days past due and “asking us basically to give them all the documentation to show that it was properly underwritten,” JPMorgan’s Scharf said. “We then go through a process with them that takes a period of time, and literally it’s every loan, loan-by-loan, and have the discussion on whether or not we actually should buy the loan back.”
That's exactly what I said would happen more than two years ago.
EVERY LOAN.
If there was appraisal fraud OR
If there was income fraud OR
If there was DTI fraud OR
If the automated underwriting was gamed OR
I...
