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BB&T Corporation Message Board

sugarfox98 4 posts  |  Last Activity: Feb 3, 2016 3:34 PM Member since: Jun 17, 1998
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  • Reply to

    FHA Lawsuit

    by sugarfox98 Feb 3, 2016 1:15 PM
    sugarfox98 sugarfox98 Feb 3, 2016 3:34 PM Flag

    Think you missed my interpretation of "originate". HUD is the government department that oversees/regulates & gave birth to the FHA loan program. In other words, they "originated" the FHA loan program. I know banks make (originate) the loans. My point is that the FHA loans are over-regulated and nick-picked to death when loan losses occur as they inevitably will with the lower loan underwriting standards they have. I think the banks are learning that its not worth it trying to make these loans as the legal risk is huge & lawyers to fight the battle are expensive.

    Sentiment: Strong Buy

  • sugarfox98 by sugarfox98 Feb 3, 2016 1:15 PM Flag

    FHA loans were sub-prime before anyone knew what a sub-prime loan was. FHA loans originate from the good folks at HUD which spelled backwards is DUH. Most of the big mortgage lenders have about quit originating FHA loans as they are more time-consuming to originate, over-regulated, servicing is a nightmare, then HUD will sue you when the losses start piling up on their end. Notice that it took from 2012 to settle this thing. My guess is WFC settled to make them go away. I think HUD should go away.

    Sentiment: Strong Buy

  • Reply to

    Money made

    by grsealy Dec 15, 2015 12:37 PM
    sugarfox98 sugarfox98 Dec 15, 2015 7:56 PM Flag

    Picked it up at $4.95 yesterday & enjoyed the ride today. Still undervalued due to tax-loss selling & a multitude of fears from interest rates, oil, & refinancing debt in 2016.

    Sentiment: Strong Buy

  • sugarfox98 sugarfox98 Dec 8, 2015 8:16 PM Flag

    They did. Moody's outlook for KMI is now Stable

    Sentiment: Buy

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