Larry Roberts real estate writing blog

Wednesday, November 12, 2014

OCHN: realtors predict rising home sales and rising mortgage rates

The National Association of realtors predicts home sales will rise in 2015 despite rising mortgage rates — not going to happen.

A project manager is concerned with time, quality and price, and in any project it’s only possible to get two of the three. To obtain high quality work...
realtors predict rising home sales and rising mortgage rates

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Tuesday, November 11, 2014

Mortgage Refinance: Mortgage Default Rates and Mortgage Default Losses

There is risk of loss in any investment, and losses in collateralized debt obligations arise from the difference in the book value of the underlying mortgage note and the actual resale value of the collateral on the open market, if this collateral is subject to foreclosure. There is an important...
Mortgage Default Rates and Mortgage Default Losses

Mortgage Foreclosure: Great monthly payment affordability is driving sales

Is buying based on a low monthly payment a good idea? In the past with toxic financing products fouling the market, many buyers used affordability products to borrow much more than they could reasonably afford. Those are the same people who are currently underwater clinging to their loan...
Great monthly payment affordability is driving sales

OCHN: Pressure will mount to lower FHA insurance fees to revive home sales

Record low first-time homebuyer participation and low savings rates will force bureaucrats to lower the FHA insurance premium to stoke demand.

I believe the FHA will come under intense pressure to lower the FHA insurance fees in order to increase home sales to first-time homebuyers. So why do I...
Pressure will mount to lower FHA insurance fees to revive home sales

Monday, November 10, 2014

USA Foreclosure: The 10 biggest obstacles to reflating the housing bubble

The federal reserve in conjunction with government officials are working diligently to reflate the housing bubble. Banks are still exposed to $1 trillion in unsecured mortgage debt, so reflating the bubble is considered necessary to restore collateral backing to lender’s bad loans. Whether...
The 10 biggest obstacles to reflating the housing bubble

OCHN: Was the $9 billion Chase settlement paid to conceal fraud?

The US Justice Department used the threat of whistleblower testimony to extort an additional $6 billion out of JP Morgan Chase.

The bailouts of the too-big-too-fail banks irritated me (and many others). I would have far preferred to see the architects of the financial catastrophe of 2008 lose...
Was the $9 billion Chase settlement paid to conceal fraud?

Sunday, November 9, 2014

Loan Mod Default: Kicking widows to the curb, the sad fallout of excessive senior debt

My point of view on home ownership and debt is very different than most financial reporters, and apparently it’s different than most Americans. In my view traditional views of home ownership, like those extolled in Mike’s weekend piece Why our less educated parents and grandparents...
Kicking widows to the curb, the sad fallout of excessive senior debt

USA Housing: Housing Subsidies, Debt Expansion, and the Death of American Liberty (redux)

Fourth of July is a celebration of freedom and independence. Unfortunately, from what I’ve observed, many people have forgotten what those words mean. Today I am revisiting a post from 2010 on this subject to remind everyone of the precious thing the banks are taking from us all. Housing...
Housing Subsidies, Debt Expansion, and the Death of American Liberty (redux)

Saturday, November 8, 2014

Ponzi Debt: The economy of the 00s: a Ponzi scheme based on housing debt

The headline of today’s post is not news to anyone who reads this blog very often, but for many, including some academic economists, this basic understanding comes only after years of study of the aftermath. Perhaps I expect too much of academics. They are supposed to be very smart people,...
The economy of the 00s: a Ponzi scheme based on housing debt

Friday, November 7, 2014

Debt Default: Sometimes real estate is a ball and chain

Banks have been allowing delinquent mortgage holders to squat while prices rebound because rising prices allows them to recover more on their bad loans. In many cases, the delinquent borrower moves on with their lives and leaves the property vacant with the assumption that the bank will finally...
Sometimes real estate is a ball and chain

Housing Market: Think you want consumer debt? Think again...

Warning! Don’t read today’s post if you have a weak stomach or a strong affinity for consumer debt. This is your only warning. Hang on, Alice, as we bolt through the rabbit hole on an adventure to financial Wonderland. Come with me on a fantastic journey to the Great Lakes to s...
Think you want consumer debt? Think again...

OCHN: The 6 most unusual and bearish features of the housing recovery

The recovery in house prices has produced unusual weakness in home ownership rates, home sales, first-time homebuyer demand, and new home construction.

Wouldn’t a durable housing recovery based on improving fundamentals be hard to deny? A real recovery would be characterized by resurging n...
The 6 most unusual and bearish features of the housing recovery