Category: Uncategorized
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Why do banks carry bad loans?
In one of my recent post I told you a little bit about mortgage delinquencies. I highlighted how long most loans are behind in foreclosure. I posted it on my website if you missed it. https://kevin-stokes.com/929-days-delinquent/ One has to wonder, why would banks let loans go that long? Banks don’t like dealing with delinquent loans,…
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929 days delinquent
That’s the average days a mortgage is delinquent, as of May 2024, for a mortgage in foreclosure. I’ve been dealing with a non-performing loan that’s only 261 days behind so I’m above average. Thankfully it’s a smaller balance loan with 38% LTV. Loan to value is the ratio of property value to current unpaid principal…
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Politics sucks
I would consider myself to be somewhat patriotic but not all that political. I’m repulsed by 2 people, bullies and liars. I’m talking completely visceral, deep in your body type anger that I find very difficult to control. I would bet there’s not more than a handful of politicians who have enough integrity to say,…
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Father’s Day was fun
Happy Father’s Day to all the dads! I talked to mine yesterday and a text today. He’s traveling out of state because he’s having shoulder surgery tomorrow morning. I have a great one with my family and I’m now ready for the week. I have meetings on Monday, Tuesday, and Wednesday this week around the…