Depression In Commercial Real Estate Results In Bargains For Some
Depression Pricing As Empty Hotels Slash Rates
The recent era of easy lending was not confined to residential real estate. Commercial real estate lending is the next big worry for a banking industry already beset by an avalanche [...]
Can The Unemployed Afford A Mortgage Payment?
Government Determined To Keep Unwilling Homeowners In Homes
The FDIC announced a new initiative to reduce foreclosures on home mortgage loans held by failed banks that were acquired by another institution. This new FDIC program goes far beyond [...]
Artificial Mortgage Rates Drop To 4.75%
Fed Manipulation Of Mortgage Rates Continues
Mortgage rates continue their downward trend with the perfect borrower now able to obtain a rate of 4.75% with a two point buy-down on a 30 year fixed rate mortgage. As expected, [...]
Will Mortgage Rates Soar As Fed Programs Wind Down?
Fed Support No Longer Unlimited
There seems to be near unanimous agreement at all levels of government that a recovery in housing prices is essential for economic stabilization and future growth. The Federal Reserve has supported this effort [...]
High Risk Mortgage Lending Still Being Promoted By GSEs
Sufficient Income Key To Sound Home Ownership
In an effort to prevent delinquent home owners from losing their homes to foreclosure, the Department of the Treasury recently issued guidelines to lenders. Under the Making Home Affordable mortgage modification [...]
The Contradiction Of Empty Homes And Rising Apartment Vacancies
A Housing Surplus
Huge increases in foreclosures have resulted in millions of homes sitting vacant as bank REO managers struggle to sell the empty homes. Theoretically, people who have been evicted or lost their homes to foreclosures would [...]
Wells Fargo’s New Zero Down Payment Mortgage Program
Risk Of No Down Payment Mortgages
There is longstanding and overwhelming statistical proof that zero down payment home buyers default on mortgages at a far higher rate compared to home buyers who make a down payment. This [...]
Profile Of A “Making Home Affordable” Homeowner - Everyone Should Do It
Overburdened Homeowner Subsidized
Loan modification programs have been seen as the answer to preventing foreclosures and allowing the housing market to stabilize. The programs have become progressively more aggressive as foreclosures continue to mount and housing prices continue [...]
Elderly Americans Last Refinance - Reverse Mortgages
Reverse Mortgages - More Easy Lending
As originally conceived, reverse mortgages were designed to fulfill a legitimate borrowing need. Reverse mortgages were developed for elderly Americans who had a mortgage free home with substantial equity and wanted to [...]
