OCHN: What distinguishes homeowners from renters? (Hint: It’s not what you think)

What separates homeowners from people who don’t own homes? The answer is not as simple as you might think.

If you go back to antiquity, the person who “owned” a house was generally the strongest warrior who was capable to taking it and holding it against all rivals. Over the last 500 years the d...
What distinguishes homeowners from renters? (Hint: It’s not what you think)

OCHN: Housing echo bubble may deflate but not pop

The recent house price rally was financed with stable, fixed-rate mortgages. Stable mortgages make for a stable housing market.

Pundits like to call asset bubbles; it attracts attention and helps make a name for the analyst. Most often they are wrong, but every once in a while, someone calls a...
Housing echo bubble may deflate but not pop

OCHN: FHA insures subprime loans with explicit government backing

If the FHA insurance fund falls short, the US taxpayer will pay the difference. With the FHA insuring subprime loans, as a taxpayer, your money is at risk.

Many mortgage industry observers quipped that FHA is the reincarnation of subprime lending; the facts support this assertion. The FHA has...
FHA insures subprime loans with explicit government backing

Debt Default: Would Mark Zandi have been good choice to run the GSEs?

My hero, Ed DeMarco, is on his way out as head of the FHFA that runs Fannie Mae and Freddie Mac, the GSEs. Ed DeMarco is a tragic figure who showed how difficult it is in Washington to do the right thing (see: Head of GSEs Edward DeMarco faces replacement, unfortunately). His actions in looking...
Would Mark Zandi have been good choice to run the GSEs?

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Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our real estate agent testimonials. Discover why you should register with the OC Housing News and how to use the OC Housing News. Utilize the advanced property search, or the MLS map search.


See our special real estate offers: property search guide, housing market reports, home ownership cost guide, guide to rent or own decision, home financing guide, foreclosure 101, short sale guide, how to sell your home without a realtor, The Great Housing Bubble free PDF, 1.5% rebate on new home construction, no cost home sale program, and maximum impact real estate marketing.


Also read Renter News, SD Housing News, Housing Bubble News & Information, Housing Market Forecast US, Housing Market News & Information, Real Estate Ruin, USA Housing News, California Real Estate News, Housing Market News, USA Foreclosure News, Mortgage and Foreclosure News, Mortgage Refinance News, Real Estate Loan News, Debt Default News, Ponzi Debt, Loan Modification and Default News, Mortgage News Clips, and Fay Mortgage News.

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OCHN: Prime mortgage borrowers caused the housing bust

Prime borrowers using negative amortization loans were largely responsible for inflating the housing bubble, and their defaults lead to the crash.

Most people believe the housing bubble and bust was caused by subprime lending.
It was not.
The housing debacle was caused by a rapid expansion of...
Prime mortgage borrowers caused the housing bust

OCHN: The prime homebuying season is right now!

September and October provides an abundance of motivated sellers and fewer competing buyers, making it the best time of year to shop for a home.

“It’s always a good time to buy or sell a house“
anonymous realtor
“They deem him their worst enemy who tells them the t...
The prime homebuying season is right now!

OCHN: How sleazy attorneys help irresponsible homeowners game the system

When sleazy attorneys help deadbeat homeowners obtain free housing, everyone else pays a price through low housing inventory and higher home prices.

Human interest stories need heroes. We are supposed to feel empathy for the aggrieved party that overcomes tough obstacles or intransigent people...
How sleazy attorneys help irresponsible homeowners game the system

OCHN: Training the next generation of foolish Ponzi borrowers

In its simplest form, a personal Ponzi scheme is borrowing money to pay debt service: acquiring new debt to pay old debt. It’s a path to disaster.

Carpe diem — “Seize the Day” — The first Ponzi
Have you ever wondered why people make foolishly irresponsible financial d...
Training the next generation of foolish Ponzi borrowers

OCHN: Rising mortgage rates don"t care about homebuyers" attitudes

Rising mortgage rates are a mechanical limitation that offers no respect to consumers’ attitudes one way or the other.


Buyer psychology matters, but not as much as the math of mortgage financing. Whatever happens to mortgage rates, people will still shop for homes, and they will still...
Rising mortgage rates don"t care about homebuyers" attitudes

Debt Default: 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

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Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our real estate agent testimonials. Discover why you should register with the OC Housing News and how to use the OC Housing News. Utilize the advanced property search, or the MLS map search.


See our special real estate offers: property search guide, housing market reports, home ownership cost guide, guide to rent or own decision, home financing guide, foreclosure 101, short sale guide, how to sell your home without a realtor, The Great Housing Bubble free PDF, 1.5% rebate on new home construction, no cost home sale program, and maximum impact real estate marketing.


Also read Renter News, SD Housing News, Housing Bubble News & Information, Housing Market Forecast US, Housing Market News & Information, Real Estate Ruin, USA Housing News, California Real Estate News, Housing Market News, USA Foreclosure News, Mortgage and Foreclosure News, Mortgage Refinance News, Real Estate Loan News, Debt Default News, Ponzi Debt, Loan Modification and Default News, Mortgage News Clips, and Fay Mortgage News.

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OCHN: Interest-only mortgages define the Ponzi limit

Interest-only mortgages rest on the border between Ponzi borrowing and safe borrowing, a purgatory on the edge of the abyss of insolvency.

Debts are supposed to be paid off. People forget that simple fact and take on debt as if it is something to be endlessly serviced. Those that embrace the...
Interest-only mortgages define the Ponzi limit

OCHN: Five ways to reduce taxpayer risk in the mortgage market

Dodd-Frank accomplished much to reduce taxpayer risk, but more should be done to get taxpayers out of the mortgage insurance business.


The US taxpayer insures over 70% of the mortgage market through the GSEs and FHA. This is an unacceptably high level of exposure, particularly given the...
Five ways to reduce taxpayer risk in the mortgage market