New Mortgage Lending Policies: Balancing Risk With Opportunity
New lending standards are being developed by regulators based on the requirements outlined in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. These include two new classifications of mortgages that regulators feel will meet the spirit of the Act: • QM (Qualified Mortgages.) The limitations here are primarily the features of the loans versus traditional measures of credit...
Read MoreAre We Doing Enough To Fix The Housing Market?
There’s been a lot of press recently about the 26-page White Paper that Ben Bernanke, head of the Federal Reserve (The Fed), sent to congress that ostensibly provided a “framework” for addressing the housing market mess. Ignoring for a moment the question of whether the Fed has any business involving themselves in the housing market, and that the Fed admits that some of the options for...
Read MoreAre We Really Helping Homeowners?
Are We Doing Enough To Fix The Housing Market? Heck yeah! The Obama Administration has recently been talking about offering more ways the government might provide additional assistance to individual borrowers. Ben Bernanke provided a White Paper to Congress with suggestions for moving the housing recovery along. So, what’s already being done for borrowers who are dealing with issues like...
Read MoreBring an Investor Who Buys; Get a Commission
While most people are not aware of this opportunity, I thought I would share it with you. It’s called Econohomes, and simply Econohomes buys foreclosed homes in deeply discounted blocks from the lenders and sells them to investors. Generally, these homes are really for people who buy with cash. However, Econohomes has flexible improvement financing options that allow investors to buy these...
Read MoreGreat New Source of Good Data
CoreLogic® has spent a good deal of time and mental horsepower to develop the best data they can about housing measures. In their introduction to a new service called the Real Estate Analytics Suite. It’s based on data from 5,084 Zip Codes, 29 states and represents data from about 41 percent of the U.S. population. I won’t cross your eyes with the “Structural time series model...
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