How much money will the FHA be taking from tax payers this year? Well, that’s a good question and one that’s probably going to be open ended for a long while. Let’s recap the facts for a second: 1) Last year the FHA needed $1.7 billion from the Treasury Department. […]
Okay guys, apparently we’ve had it wrong all along. The whole financial crisis, collapse of the housing market, record unemployment, etc. wasn’t really anyone’s fault. Well, it certainly wasn’t the fault of anyone that we wanted to blame. And certainly not of Freddie Mac and Fannie Mae. Very basically, people […]
Here’s something you don’t think about everyday, even though you’re constantly being bombarded with news about the housing crisis. It’s not just about houses! Okay, you probably knew that but think it’s about houses and offices and property. And you’d be right. But it’s also about farmland. Did you ever […]
The Fed has just instituted a new rule: QRM. To find out what it does and why it’s pretty much guaranteed to knock your bank right out of the mortgage industry, take a look at this video:
Bank of America has started an avalanche of lawsuits. Yep, they had to open their big mouths and start fighting for every penny they can find. Check out the latest trouble and let me know if you know where it’s going to end.
Check out some of Senator Kaufman’s thoughts on the robo-signing crisis. Then leave a comment and let me know if you think he actually said anything.
How responsible is Moody’s, the credit and risk rating agency, for causing the failure of loans and the robo-signing crisis? Maybe more than you’d think. Check out this video for more on that and some major changes in the housing market.
The former director of the FHA had some pretty extreme things to say recently. Check out this video to hear what they were and what they could mean for the housing market.
As if this kind of news wasn’t already obvious to almost everyone out there, residential mortgage lending is down for the coming year. Some studies are even calling the coming decade the “lost decade” for the home finance industries. Next year, there will be 2.62 million loans for a total […]
Almost a quarter of all mortgaged property held in this country is underwater. No, not because of flooding or hurricanes. Just good old fashioned economics. This number has been moving steadily up for a long while. And average home value is just $179,900. Some people are taking the giant leap […]