Irish Mortgage Brokers Blog

GoldNomics

4 Responses to “GoldNomics”

1. Con O Connor Says:
   January 7th, 2011 at 10:41 am

   I am involved in financial services since 1987 and have been an insurance and mortgage broker since 1997.In that time I have not heard of irish mortgage brokers.From where Im sitting they have only really appear to have surfaced in the last year or so.Who is Karl Dieter and how long is he working in Financial Services in this country.What are his qualifications,is he an economist?Is he QFA?His predictions seem to make headline news for all the wrong reasons all the time,i have rarely heard positive news from Mr Dieter and wonder where all his information is gatehered from.Do you have a nationwide network of advisors from where alot of these stats come from or is this a Dublin based business with Dublin figures and statistics

2. Joe McKiernan Says:
   June 7th, 2011 at 2:14 pm

   Karl Deeter works for Newstalk, the mortgage brokers name is only a front, every time you turn on the radio, he’s on it, being interviewed for same old things, sometimes makes me think that it could be a recording, as he seems to say the same things each time, but then he changed one or two words around so it cant be a recording.
   Once I turned on Newstalk and he wasn’t on it and I was convinced he was dead, but it was only an ad break and they returned to the programme, lo and behold he was there.
   Newstalk are lucky to have such loyal and hard working staff that work sucjh long hours like Karl.
   Joe

3. Karl Deeter Says:
   June 7th, 2011 at 2:18 pm

   lol.. perhaps my favourite comment on any post of all time! My whole existence is a front! And like the Wizard in Oz, it’s all a big facade!

   Priceless….

4. Elaine Says:
   July 30th, 2011 at 11:54 am

   Karl, may I pose a question to you, as having heard you speak on radio you appear well informed on all aspects of mortgages, even certain things that are occuring abroad in relation to mortgages. For some time now I have been following events occuring in America in relation to mortgages granted by subprime lenders, wherein hundreds of cases are being won by individuals facing reposession, both by representing themselves in court and using legal representation, based on their mortgages being Securitised. Furthermore big bank names like, JP Morgan, Chase, Deutche to name but a few have been found to have engaged in fraudelent practises in these securitisation procedures.

   Its worth reading the site of Livinglies.wordpress.com written by a trial lawyer named Neil Garfield. Every day are highlighted various cases which are being fought and won in the district courts, the appeals courts and the supreme courts in relation to mortgages which have been securitised, ie sold on.

   Its unusual to me in all the talks iv listened to on radio about the mortgage crisis here in Ireland that not once has securitisation been mentioned particularily in relation to the subprime sector here.

   From my research securitisation is going on here in this country and peoples mortgages are been sold on and converted into realestate mortgage backed securities to be sold on the Irish Stock Exchange and elsewhere.

   Its come to light in America that the lenders who are tacking people to court to reposess their homes , in particular the subprime lenders, never actually put up one cent of the money that the homeowner received , yet through a veil of transactions, now having been revealed over there in the courts, were taking peoples homes fraudently.

   Even mortgage brokers are now in the limelight for their part in selling unsuitable mortgage products which earned them huge comissions from the actual originators of the loans.

   Its all very disconcerting what has occured over there in the subprime sector. Yet iv never heard even the mention on any programe be it tv or radio in conversations regarding mortgages that such a process such as securitisation occurs even in this country.

   Do you know that it exists, why has it not been ever mentioned. Id be very interested in your opinion on this matter.

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