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smoothlonghorn

Certifiably Surly
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Everything posted by smoothlonghorn

  1. Man, B, I am truly sad things have come to this. You are a such a great, passionate fan of the University of Texas--absolutely nothing should detract from that. But we can't control everyone's reactions to us/our interactions = if those reactions are causing negative consequences for YOU, you have got to figure out a different response and/or remove yourself from the situation. There are times in life where the answer won't be "we need to fix that person". This isn't the forum to get too deep into it, but that comes very personal experiences related to what you describe. Hopefully this doesn't come across as overly harsh/negative as I have thought (many times) about whether to jump into these threads based on our personal interactions. For that haven't experienced, Derka is one of the most genuine/passionate/positive individuals--that can definitely get lost based on internet posts. It seems likes immamac feels the need to do this for the site/a personally-owned business, and (IMHO) that should be ok--I think you should continue to talk Texas sports year round and would gladly pay for your $9.95 sub anywhere (side note/full disclosure: you can also find me not posting much on OBs and I post that knowing the ridicule sure to come). Also, I promise you, I still have songs due to you on my playlist: M.I's Understand, These Ideas, All at Once and your Ridin in Lines and MIXTAPE!.... "Jumpin' right in it ain't no need to state my name....."
  2. Had what (I gathered) was a stress-induced bout 15+ years ago = no fun. Hope it's not too bad a weekend, dcbc!
  3. Before people start pointing and laughing and since it is now out there publicly, loanDepot is currently experiencing a "cyber incident". Fun times/fml....
  4. Condolences and congratulations, Gil. Hope all works out with all the properties and (reading the other thread) it makes things easier to help out the family (if needed).
  5. Speaking of fascinating, I opened this thread at the top of this page (4) to get "up to speed" (was on vacation during OU game last year) and couldn't figure out what in the world was going on... After reading page 3, that was a 2000/2003 post-OU LFZ-style apoplectic reaction (albeit for positive reasons). Bravo and kudos...
  6. Came in Wednesday for the Chelsea-Dortmund game, Wildberry and nice steak dinner last night, and Cubs game today. D'oh/I'm an idiot realization with traffic being a nightmare due to Lollapalooza. Might need some recommendations for tomorrow night if old friends flake out and/or I can't find ChiTownDoc for hookers & blow (wife in tow, so slightly kidding). Many thanks to all who contributed earlier this summer and others with tips/recommendations! P.S. Highs in the upper 80s have been glorious....
  7. Congrats Storm--that is a beautiful ride! RE: tonneau cover--most truck owners have experience/preferences and our truck isn't a daily driver, but did a bunch of research before buying a Retrax for an older (2012) F150 and it's definitely worked well in limited use.
  8. Despite the lack of posts, have been around for a while and much respect Hate. If I could find the effort to photoshop a Jello shot into Leo's hand, well, that would be for you.... Edit: Can you not "preview" posts anymore? And why is the picture so big?....
  9. RIP MAC...may your family & friends find comfort in the time they had with you...and those battling demons find the strength to overcome. Hook 'Em 🤘
  10. It's been a while and since I know we're all at our computers based on how great of a day it's been, I've got another... Has your experience/lenders allowed you to count the cost of Title Policy outside of the IPC rule (i.e., 3% + Owner's Title Policy on an O/O 5% down or 2% + OTP on an investment)? If so, what is that dollar amount you would anticipate utilizing? My current lender is utilizing the "Closing Disclosure Formulated Cost of Owners" which is about 25% of the total policy. I feel like I'm taking crazy pills...
  11. That's the thing--we can only (really) submit it 1 place (I guess if it was a jumbo we might have a couple of options). We were getting a Refer/Caution and Eligible/Caution, but we need an Approve/Eligible or Eligible/Accept for submission. Borrower has already reached out to his Credit Union to see if they could help, but if not, it sounds like it might be worth at least trying a Broker?
  12. Yeah, we tried a few different ways/options to get to 40-45%, but mostly with paying off/excluding debts, which I think the AUSs also don't like. I think it is the Commission/ "variable" income, which I have had issues with before. RE: non-QM--that is actually why I posted it here = we don't really have access, so I was hoping something in one of those programs would jump out to someone on here (trying to help the Buyer out).
  13. Anybody else finding it much more difficult to get AUS approvals for Commissioned employees? That is pretty much our only option (A/E), so if anyone has any thoughts for >700 score, trying to get 5% down, $650,000 purchase price, greatly appreciated. Borrower is grossing around ~$20K/month, but with a couple of large auto payments is at ~46% DTI (we did everything feasible to get to ~ 42% and still couldn't get A/E).
  14. Going to pretend like I don't notice...well, other than people sure to blow us up about "float downs"....
  15. No, neither Borrower owns other properties, currently living with family. I think the daughter just wants it be her "parents house", but they need her income.
  16. Alright Pros, another question (let's be honest, it's not like we have much better to do and my butter knives are getting dull against my wrists). Daughter & Father are buying home together (TX). They've all decided they only want the parents on title--I know Conventional allows Co-Signers, but Title is going to require her to be removed from Purchase Contract = I think that is still ok from our (lending) side? Also, side note: will it matter how she checks the "Do you intend to occupy this property box"? = I think she intends to live there = can you have an occupying Co-Signer? Thanks all!
  17. C'mon ztejas, I'm also a (non-posting, but big) Chelsea fan....
  18. Probably not wrong... Now $550 for the pair on the off chance anyone is still looking...
  19. (To meet immamac's guideline) My wife has to work late Friday and has indicated a strong desire to not have to get up early, tailgate, and spend 3+ hours at the game. 2 at the end of the aisle (towards the corner/14) on a lower (below 20) row with a great view of the field/cheerleaders/big screen/everyone's favorite endzone seating. $550 for the pair/dm if interested--thank you!
  20. F**k you, jobs report! (Caveat: I'm bleeding heart, so if you've lost your job recently (certainly possible in mortgages) I hope you find something soon)... But again, f**k you, jobs report.... RE: "National average was 5.43% yesterday per my software and MBS guys. I was locking at 4.75% this morning. YMMV." It seems like the past few days have been weird, especially on MND--yesterday indicated a huge rate drop (they were down to 5.09%), but without a corresponding +100 MBS BPS increase at some point. Guess we're about to see that leveling out...
  21. Thanks for the reply/information, Neonmoon! And Ha--the link to Homebridge's 2021 guidelines (https://www.homebridgewholesale.com/wp-content/uploads/2021/05/Visa-Eligibility-for-Non-Citizens-2-21.pdf) was the only confirmation I could find (looks the same to the ones you posted = 2019). The F1 Visa Mortgage Requirements in your post--are those direct from their lending guidelines (or another lender)? Even the FNMA information indicates a "Work Visa" (which it wouldn't be) or an EAD (which 1 Borrower I checked had a C3 = Student Authorization = same ineligibilty) What I can't seem to confirm is if that is unique to Homebridge/a one-off--below is a snip from what we utilize for Conventional eligibility: Sorry for the diversion, folks, feel free to go back to complaining about rates going up 1/2 point in 4 business days (I know I am)....
  22. Last Thursday to today be like (but without the WHEEE! for enjoyment).... Random question for the Brokers/Pros--to your knowledge, Conventional does not accept F1/student-sponsored VISAs, correct? Based on guidelines/my understanding that one seems pretty straightforward, but my interactions have me wondering if people are hearing/have access to something different....
  23. Looks like I picked the wrong time to quit sniffing glue...and get back into mortgages (or at least at the same time). I haven't had much to add that the professionals don't already cover, but yes, rates suck and if you can lock, should (will give extended-lock perspectives where applicable). ~Signed, your lowly Builder Loan Officer that everyone hates and is trying to get Borrowers not to use
  24. I should know this better, but I guess (good/bad) haven't been in the position to benefit from rising values/sell-buy/get proper ****ed before... To piggyback the earlier responses--so if I'm reading/understanding everything correctly, if you bought in 2021, best case is to knock it back to purchase price (current value is up 50%) and then (hopefully) utilize 10% cap for next year? It looks like they are not showing a HS exemption online, guessing/hoping due to the 1st-year rule (but will definitely be checking!)?
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