May 10, 2006
long island mon amour
okay enough with the new orleans shit your baron must face facts my team of taxi dancers got to bring it on in to pappa okay girls yes Rolly fucked me fucked us .... hey he fucked amerika and let us pray in blessed Emersonian fashion he be gettin his now or is he ??? =================== maybe not maybe Rolly escapes with his packet intact or so close to intact Scrooge himself wouldn't notice the difference but gosh gee we gotta move on those fucked away point rebates Rolly's rooks promised us that we ain't now gettin...... rub of the green ya ya 100K RUB OF THE GREEN okay okay but ladies please you ask me why us how can this be baron all i can say izzz after he's lunched on black and blue butts for a decade we must taste sweet its the amerikan way gals a few get to fuck all uz others better duck so put on your shiny patent pumps and get back out there on the dance floor gals and make us all as dirty a buck as u can that is less you want to slip and fall on your financial can righ there under mrs jones nose =====================Posted by the baron at 04:33 PM
had enough big easy ???
"if you're tired of new orleans
you're tired of death "
ahab REED
sounds right but its a butt bite
should read
tired of not death but ........ crime
===========================
yes crime
crime as in the oldest tricks in the settlers book
type crime
the swindle ....the shake and fake
the old glass beeds jingle
the natives' land hustle
grand theft whitey
reframed many a times over
the lovely law of the fronteer
applied to the cycle of settlement itself
first
abels kin
fuck over cains'
as in
where we cow ranchers rule
there's always
a sod buster shake out
last
hey nigger get off my property
yup today in the crescent city
owning a well located lot
while being black
spells crime in progress
or better
crime against progress
no still better
crime against renaissence against rebirth against life itself
crime against liberty and the pursuit of happiness
shit
tired of death ...man u izzzzz death
Posted by the baron at 04:18 PM
May 06, 2006
crush the scum suckers
ameri crotch's
Rolly Arnall
is getting a blazing hot
ram rod
poked up HIS red eye
viva villa
==============================
Ameriquest Loan Volume Plunges
The 46% first-quarter drop
set the stage for deep job cuts
announced by the lender this week.
By E. Scott Reckard, Times Staff Writer
May 6, 2006
Ameriquest Mortgage Co.'s decision
to close all 229 of its retail branches
and eliminate 3,800 jobs
follows a steep decline
in its lending volume
and attempts to find a buyer,
according to analysts
who follow the home-loan business.
The Orange-based lender said Friday
that it was not for sale.
But it has been squeezed hard
by rising interest rates
and bitter competition
. Ameriquest officials
said loan volume plunged 46%
to $2.6 billion in the first quarter
from $4.8 billion a year earlier.
What's more,
it spent last year
dealing with government investigations
of alleged predatory lending practices
at some of its branches.
In January, it settled
with 49 states by agreeing to pay
$325 million and reform its procedures
to protect consumers.
The reforms, including the hiring
of an outside firm to monitor compliance
with the agreement,
"adversely impacted the cost structure,
thus reducing retail branch profitability,"
Privately held Ameriquest
is a specialist in the so-called
subprime market for people with credit problems
or other issues that prevent them
from obtaining lower-cost loans.
Almost all its loans are
refinancings of existing debt.
With interest rates rising,
fewer people are looking to refinance
— triggering a wave of layoffs
in the industry and leading to predictions
that weaker lenders would be acquired or shut down.
Competitors such as Saxon Mortgage
in Glen Allen, Va.,
and ECC Capital Corp.
in Irvine have closed retail offices
to save money
Talk of an Ameriquest sale
surfaced in October,
At an industry conference that month,
representatives of two investment firms
had a "book" on Ameriquest
for potential buyers to review.
the company says " we're not for sale,
and haven't been for sale."
Ameriquest is a division
of ACC Capital Holdings Corp.,
which also owns Argent Mortgage Co.
and Town & Country Credit Corp.
ACC's founder and owner,
Roland E. Arnall,
removed himself from the company's management
last year to accept
a presidential appointment as U.S. ambassador
to the Netherlands.
His wife, Dawn Arnall, now serves as chairman.
There are concerns about Ameriquest's reputation
after the investigation by the states
and a drumbeat of negative news stories.
"I don't think it's going to happen unless it's a bargain basement price,"
"Who the heck wants to take on that image?
I think it's a poison name right now."
.
Complaints that Ameriquest employees
deceived borrowers about expensive loan terms
and falsified documents to get people
into mortgages they couldn't afford
were the topic of a series
of Times articles beginning
in February of last year.
That month, Ameriquest disclosed
it was under investigation
by a multistate task force.
According to National Mortgage News,
Ameriquest Mortgage
and its sister companies together
were the No. 1 subprime lender
in the first quarter of last year
, originating $24.4 billion in loans.
Irvine-based New Century Financial Corp.
was a distant second,
with $10.2 billion for the quarter.
By the end of the year, however,
Ameriquest's fortunes had declined.
In the fourth quarter,
Arnall's companies made $15 billion in loans,
while New Century originated $15.7 billion
and Wells Fargo & Co.'s subprime operations
lent $17.7 billion,
the trade publication reported.
The 3,800 job cuts announced Tuesday
, from a staff of 11,000 people
, did not include reductions
at Ameriquest Mortgage's biggest sister company,
Argent, which makes its loans
through independent brokers
rather than directly to consumers.
In addition to employees at Ameriquest's branches,
about 400 at the company's headquarters
were handed pink slips.
"Consumer behavior is really moving away
from customers walking into a retail business to purchase a mortgage face to face," he said.
Consumers' use of the so-called direct mortgage channel
— getting a loan via the phone and the Web
rather than from a broker or loan agent
— indeed appears to be growing,
though it is unclear exactly how much.
A Mortgage Bankers Assn. survey
showed that the direct channel
accounted for 8% of all subprime loans in 2001,
9% in 2002,
and 12% in 2003 before falling to 9% in 2004
and 7% in 2005,
an economist with the association.
Brinkman noted that the two-year
decline occurred as do-not-call
lists reduced the ability
of businesses to cold-call consumers.
Posted by the baron at 07:29 PM
May 05, 2006
the slum suckers and hell fire see it eye to eye
fuck those new orleaners that rent
by pass em
for their slumlord's sake ....
==================================
"The "Road Home" housing plan
approved April 26 by the Louisiana Recovery Authority
includes up to $150,000 for repairing or relocating,
But the incentives are for homeowners
and landlords only"
"no assistance for the renters
who are slightly over half of the city"
so
go away or stay away
you black groupers
find another coral reef to foul
the big easy has
ole dixie theme park roles
only for the precious few
uncle bens
and aunt jullips among ya
Posted by the baron at 06:47 PM
where have i been ????
smoking hemp
suicide is no option
when your heart is pure
tending to
this blog exceeds my will.....
===========================================
but i shall once again try to post
more regularly
topic A
ameriquest
topic B
new orleans
Posted by the baron at 05:38 PM
fuck renter world
okay okay
so lets have a mutually assured minimal dwelling
plan
but why sub the slum lords
and helping renters
but lets own it for fuck sake
end this renters boo hoo horse shit
that is a pass thru to the slum suckers
midless blah bl;ah don't help
its a senseless tit twist
case in point ...
=================================
The endangered land of Renter-World
By Nicholas P. Retsinas | May 5, 2006
WELCOME TO Renter-World,
home to more than 34 million households.
Renter-World denizens, aka tenants,
comprise all ages.
Eighty percent
of all twentysomething households rent;
so do 4 million senior households.
Tenants come in all socioeconomic strata:
Twenty percent of renters
earn more than $60,000 a year;
another 20 percent earn less than $10,000.
Yet a myopic Uncle Sam barely sees Renter-World.
Instead, Uncle Sam focuses on Owner-World.
Owner-World captures the federal tax breaks:
The homeownership tax deductions
for mortgage interest and property taxes
top $100 billion a year
and are rising rapidly.
Owner-World also captures the federal attention:
For almost 100 years,
starting with a 1918 Department of Labor campaign
and continuing through Franklin Delano Roosevelt's New Deal
, Bill Clinton's National Homeownership Partnership,
and George Bush's Ownership Society,
the federal government has been promoting homeownership
. Today 69 percent of households own a home
-- an all-time high.
From Uncle Sam's vantage,
that statistic marks success.
Homeownership is the American ''dream,"
the crucial first step on a family's pathway
to the middle class.
A homeowner amasses equity,
so that one day he can own a piece of America.
That vested interest spurs involvement in schools,
in neighborhoods, in political life.
Just as important, the home gives the owner
a financial cushion.
Even if owners do not reap the windfall
of a superheated market,
the home can still be a hedge against inflation.
Indeed, we are a nation of immigrants
who have marked the exodus
with a series of papers:
green cards, citizenship, and mortgages.
The ''American dream" may be a three-bedroom Cape
on a tiny lot,
but immigrants have come here for that dream.
So Uncle Sam's myopia is understandable.
He expects renters to move on --
to become owners.
That is what they too expect.
Renter-World, however, is in trouble.
Even though we are building new rental units,
we are not adding to the net ''affordable"
(a euphemism for cheap) units.
That supply is shrinking.
Between 1993 and 2003,
we lost 2 million low-rent units
from the rental inventory.
At the same time,
rents are rising,
especially for newly constructed units.
Consider the plight of the lowest-income renters:
70 percent pay more than half their income for housing
The National Low Income Coalition
could not find one county
in the United States
where a minimum wage worker,
paying 30 percent of his or her income for housing,
could afford a one-bedroom apartment.
As for the government rent-subsidies
aimed at alleviating the hardship
of low-income tenants,
those too have shrunk.
The war on terror and the war in Iraq
have pushed them off the agenda.
Today parts of Renter-World constitute
a desperation sector of America.
Poor people, crammed into too-small apartments,
struggle to pay for food, rent,
transportation, and medical care.
To paraphrase Linda Loman,
lamenting the plight of her husband, Willy
in ''Death of a Salesman":
''Attention must be paid" to these renters.
The reason is pragmatic.
In the past, Renter-World has been
a gateway to Owner-World.
Low-income workers, renting for a few years,
have saved up enough for the downpayment on a house,
and, with scrimping,
have kept up with mortgage payments.
But today's renters cannot
so easily make that leap.
The Big Box shelver,
married to the fast food waitress,
may want the American dream.
They may have left family
thousands of miles away
to seize the dream.
But without some housing relief,
they will never leave Renter-World.
And the promise of America,
the dream for millions of Americans,
is to leave Renter-World.
That first mortgage --
often the first mortgage for a family --
constitutes step one
in the economic mobility we value.
High rents trap families,
anchoring them on the bottom rung
of the ladder that we want them to climb.
For the sake of the renters,
and of the nation as a whole,
Uncle Sam must pay attention
to Renter-World.
Nicolas P. Retsinas
is director of the Joint Center
for Housing Studies at Harvard University.
Posted by the baron at 05:23 PM