The Rumor Mill News Reading Room
Reader: '...that regarding their bank, "Something really different is going on!"'
Posted By: hobie [Send E-Mail]
Date: Tuesday, 23-Apr-2013 23:31:26
(Thanks, N. :)
Reader N. writes:
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My friend was volunteering in a gallery recently. This couple, who were shopping in this classy Southern California art gallery area, began, on their own, out of the blue!, to tell my friend whom they just met in this gallery, that regarding their bank, "Something really different is going on!"
Their bank (name withheld for publication) knows something is about to happen!
Their bank just hired (a large number, say, between 750 and 1,000) mortgage underwriters to work out of their bank's mortgage underwriting center that serves nationally!
Upon hearing this, my friend, who is savvy and experienced in business, speculated, saying, "The magnitude of hiring hundreds of underwriters is huge, unprecedented! They must be expecting tons of loan applications for people's mortgages. Reasons for that may be anticipating lower interest rates, changing the underwritng guidelines, or loosening up the rules for making loans..."
I suggested, "Maybe the reason is that the bank knows that soon, people will have tons of money!" My friend was excited and said, "...so they'll be buying houses!"
I am excited too, hearing this story...
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10 comments:
If they have tons of money they will be paying cash for homes--not getting mortgages.
Seriously, Who needs a mortgage if they have lots of money?
We only need a title transfer agent. Not a mortgage broker!
Seriously, Who needs a mortgage if they have lots of money?
We only need a title transfer agent. Not a mortgage broker!
The bank knows that mortgage backed securities scam is being revived. It is not a good thing. They will not stop until 1. somebody stops this madness or 2. They taken every home away from Americans. Fractional reserve banking is being phased OUT? Show me I am from Missouri!
But if people suddenly have "tons of money", I would think they would pay cash instead of financing and paying interest.
perhaps these people are being hired to cancel the debt on existing mortgages. supposedly we are going to change from a debt based society to an equity based so credit will not exist. from what i have gathered we will borrow from ourselves not banks.
once the rv the usd will crash and the bankers will become poor thats why the fed keeps printing money to try and slow down the rv from happening
If everyone gets "tons of money" who will bother showing up for work? All of the money in the world means nothing if A) there's nothing to buy, and B)no one to take your money if you do find something left to purchase.
Feds haven't printed money since 2009.
isn't weird how people that tell this stories ALWAYS have random people come to them to tell them that little piece of info that will confirm we all be rich soon?? And then it never happens!!! It is just ridiculous people, really getting old. Look around, nothing has changed, the only people living comfortably and worry free are those paying their taxes, holding their jobs, tuning to CNN to get their news, going to Disneyland in the Summer, the rest of us are relying on this gurus, from Sheldan to Poof, and nothing they have ever say has come to pass. I don't know, I am getting really tired of it all specially after I read a comment the other day from this guy and he said he is 75 years old and has waited 20 years to see the system collapsed and he doesn't think it will ever happen. No god!
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