Comments on: It’s Better to be a Homeowner in PA than Ohio? http://www.brewedfreshdaily.com/2009/it%e2%80%99s-better-to-be-a-homeowner-in-pa-than-ohio Locally owned and operated from Cleveland, OH since 2002 Fri, 09 Dec 2011 22:07:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Gloria Ferris http://www.brewedfreshdaily.com/2009/it%e2%80%99s-better-to-be-a-homeowner-in-pa-than-ohio/comment-page-1#comment-3611 Gloria Ferris Sat, 20 Jun 2009 02:37:22 +0000 http://www.brewedfreshdaily.com/?p=2048#comment-3611 PA did not leave the subprime lenders run roughshod over their communities. more PA banks kept sortgages and did not securitise them. in essence, the bankers in PA did what conservative bankers do they realized that their futures depended on the viability of communities. In the now immortal words of Dave Daberko" who knew we would be left holding securitized loans we could not unload--the beginning of the end for NatCity picked up by a PA bank headed by no other than one of the Goldman Sachs boys who devised the beautiful scheme of securitization or mortgages. I love this--when he took over PNC he cautioned the board and his bank that they should stay out of securitization. PA did not leave the subprime lenders run roughshod over their communities. more PA banks kept sortgages and did not securitise them. in essence, the bankers in PA did what conservative bankers do they realized that their futures depended on the viability of communities. In the now immortal words of Dave Daberko” who knew we would be left holding securitized loans we could not unload–the beginning of the end for NatCity picked up by a PA bank headed by no other than one of the Goldman Sachs boys who devised the beautiful scheme of securitization or mortgages. I love this–when he took over PNC he cautioned the board and his bank that they should stay out of securitization.

]]> By: Frank Revy http://www.brewedfreshdaily.com/2009/it%e2%80%99s-better-to-be-a-homeowner-in-pa-than-ohio/comment-page-1#comment-3610 Frank Revy Thu, 18 Jun 2009 07:14:40 +0000 http://www.brewedfreshdaily.com/?p=2048#comment-3610 no way do they have a beachland ballroom or arts collinwood... i agree g - our neighborhood is still better - hipper - nicer - more vibrant - and as tim pointed out - we live right on the great lake. no way do they have a beachland ballroom or arts collinwood…
i agree g – our neighborhood is still better – hipper – nicer – more vibrant – and as tim pointed out – we live right on the great lake.

]]> By: TimFerris http://www.brewedfreshdaily.com/2009/it%e2%80%99s-better-to-be-a-homeowner-in-pa-than-ohio/comment-page-1#comment-3608 TimFerris Tue, 16 Jun 2009 20:09:41 +0000 http://www.brewedfreshdaily.com/?p=2048#comment-3608 "their focus" sheesh! “their focus”

sheesh!

]]> By: TimFerris http://www.brewedfreshdaily.com/2009/it%e2%80%99s-better-to-be-a-homeowner-in-pa-than-ohio/comment-page-1#comment-3607 TimFerris Tue, 16 Jun 2009 20:08:23 +0000 http://www.brewedfreshdaily.com/?p=2048#comment-3607 One thing we found out from the Federal Reserve is that banks foreclose where they're least upside-down, or where they still have some equity over and above the mortgage balance and the foreclosure fees. Cleveland still has intrinsic values for lenders; hence, one reason for there focus here--there's still something left of value relative to the debt. This may be one factor, something they'd rather not talk about or write about, but it's there nonetheless. Remember, too, we have an intrinsic wealth in our natural heritage--the fresh water, for instance. One thing we found out from the Federal Reserve is that banks foreclose where they’re least upside-down, or where they still have some equity over and above the mortgage balance and the foreclosure fees. Cleveland still has intrinsic values for lenders; hence, one reason for there focus here–there’s still something left of value relative to the debt.

This may be one factor, something they’d rather not talk about or write about, but it’s there nonetheless.

Remember, too, we have an intrinsic wealth in our natural heritage–the fresh water, for instance.

]]>