Posts Tagged ‘mortgage’
The value of a mortgage investment vs renting
Recently, we’ve seen multiple news stories suggesting buying a home and having a mortgage is not necessarily a good investment, and when making the decision to buy a home, you really should not consider it as an investment vehicle since your “rate of return” would suck. Why has this become a news-cycle theme all of a…
Read MoreThere is NO reason the federal government need be involved with mortgages
None. Zero. Absolutely not. There is no reason the federal government need be involved with approving home mortgages, yet for some reason we’re now dependent on the federal government for what used to be a simple individual voluntary arrangement and a transaction between that specific individual and their bank.
Read MoreDualing headlines concerning housing economy
These reports are based on two different measures, new housing sales and existing housing sales, but tell me if there is a difference in the way the economic news is pitched.
Read MoreDems to Media: Leave Dodd Be … Move Along
Dennis House interviewed the Connecticut Chair of the Democratic Committee on Face The State. The short hand version is in the post title. Nothing to see here … move long. httpv://www.youtube.com/watch?v=UCGiOinRORc This might be what she hopes, but not likely. Flashing mortgage papers in front of reporters who likely know as much about finance as…
Read MoreHouston drops idea to pay off personal debt
A proposal to hand out $3,000 to individuals who did not have good enough credit score to qualify for mortgages has been crossed off the Houston city council agenda this week. The idea was to use the $3,000 to help individuals improve their credit score by a few points so they would qualify to buy…
Read MoreLoose talk sink stocks
During WW2, there were whole informational campaigns warning against the consequences of loose talk. “Loose Lips Sink Ships” is, perhaps, the most famous, but there were others. Today, we need to update this campaign to educate our legislators — Loose Talk Sink Stocks. Our senators especially could benefit from such a campaign. Charles Schumer started…
Read MoreBailing Out The House Flippers
I will post more details as they become available. But the thrust of the plan is simple. Help homeowners who are underwater or can’t afford the monthly payment. * Enable refinancing for 4 million to 5 million “responsible” homeowners who took out conforming 30-year fixed mortgages with an 80 percent or lower loan-to-value ratio and…
Read MoreMore proof Democrats let financial crisis happen
For those of you not paying attention, during the past 72 hours the financial crisis has been clearly explained more than a few times, and now the main stream media is catching up. Jim Angle – Fox News contributor – has a great video report that sums up the crisis again. The truth will be told.…
Read MoreBloggers push results in Dodd mortgage action – Updated
Sen. Chris Dodd (D-Countrywide) has announced that he will refinance his mortgages through a third party and switch them to a different broker. Dodd maintains that he was not a friend of Angelo, and has been wrongly accused of requesting favorable rates from Countrywide. I assume that the Senate Ethics Committee investigation continues. Guess he…
Read MoreAP story notes Republican involvement in GSE mess
I’m fully on board with blaming Democrat lawmakers in Washington for contributing to the mortgage crisis that started with Freddie Mac and Fannie Mae. Republicans introduced legislation that would more closely regulate the government sponsored entities (GSEs). Democrats – including Barney Frank (D-Mass.) – blocked that legislation, all but calling those asking for the changes…
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