Housing

The Zero Sum Game Of Lower Interest Rates And Why Mortgage Rates Will Rise

The Zero Sum Game Of Lower Interest Rates And Why Mortgage Rates Will Rise

The Federal Reserve has forced long term interest rates to historic lows in a desperate attempt to “stimulate” both the housing market and the economy in general.  The results have been mixed but the benefits of lower […]

Americans Stubbornly Deny All Time High In Personal Income

Americans Stubbornly Deny All Time High In Personal Income

American workers should be celebrating the latest numbers from the U.S. Department of Commerce that show personal income at all time highs.  Since taking a rather sharp dip during the recession of 2008-2009, personal income has soared […]

FHA Zero Down Payment Financing Returns

FHA Zero Down Payment Financing Returns

Home buyers can once again purchase a home using FHA financing with a zero down payment. Previous zero down payment FHA loan programs were funded by seller contributions funneled through a nonprofit group which then donated the down […]

Borrowers Chose Strategic Default On Reverse Mortgages

When reverse mortgages were last reviewed, it was predicted that many unqualified borrowers would wind up defaulting, despite the fact that a reverse mortgage has no payment due.  As originally conceived, reverse mortgages were designed to fulfill a […]

Strategic Defaults – The Difference Between The Rich And “Other People”

Strategic Defaults - The Difference Between The Rich And

Million Dollar Home Owners Falling Off The Cliff “I think you’ll find the only difference between the rich and other people is that the rich have more money” – Mary Colum If the difference between the rich […]

Depression In Commercial Real Estate Results In Bargains For Some

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 […]

Can The Unemployed Afford A Mortgage Payment?

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 […]

Artificial Mortgage Rates Drop To 4.75%

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 […]

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 […]