Larry Roberts real estate writing blog

Monday, November 17, 2014

OCHN: 3% down mortgage announcement more sizzle than meat

Mel Watt’s announcement of 3% down loans pandered to left-wing constituents, but credit standards haven’t changed, and some lenders won’t offer it.

Whenever home sales slow down, people who depend on transactions to make a living cry and complain about tight lending standards....
3% down mortgage announcement more sizzle than meat

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.

Sunday, November 16, 2014

Loan Mod Default: FHA has became subprime, 12.4% interest cost of FHA insurance

Yesterday I described How to game the system with FHA loans for maximum advantage. Today, I want to look at the cost of that financing. It’s up to you to determine whether you believe the benefits are worth the costs. Many have quipped that FHA has become the replacement for subprime. They...
FHA has became subprime, 12.4% interest cost of FHA insurance

USA Housing: Legislators failed to implement down payment requirements

Home equity is needed to keep housing markets stable. First, people with equity have a financial stake in sustaining home ownership. It was the plethora of no-money-down mortgages that prompted so many to strategically default. People simply don’t walk away from their financial obligations...
Legislators failed to implement down payment requirements

Saturday, November 15, 2014

Ponzi Debt: You will pay for your neighbor"s irresponsible borrowing and spending

When borrowers and lenders petition the government for relief through debt forgiveness and bailouts for losses, you are the one paying for whatever the borrower did with that money; the government is merely a middleman facilitator of a tax heist. In a bygone era, lenders lost money if they made...
You will pay for your neighbor"s irresponsible borrowing and spending

Friday, November 14, 2014

OCHN: Socialist solutions to housing affordability problems suck

Socialists want to regulate outcomes and deny or ignore the forces of markets. Their solutions to difficult housing problems are dangerously foolish.

“Show me a young Conservative and I’ll show you someone with no heart. Show me an old Liberal and I’ll show you someone with no...
Socialist solutions to housing affordability problems suck

Thursday, November 13, 2014

Real Estate Loan: How to Calculate the Investment Value of Residential Real Estate

The United States Department of Labor Bureau of Labor Statistics measures the Rent of primary residence (rent) and Owners’ equivalent rent of primary residence (rental equivalence). They make this distinction because a house has both a consumptive purpose and an investment purpose. The...
How to Calculate the Investment Value of Residential Real Estate

OCHN: More homeowners restart personal Ponzi schemes

As home prices go up, homeowners can’t resist tapping their home equity to restart their personal Ponzi schemes.

When the credit crunch of 2007 abruptly curtailed the flow of money into residential mortgages, every homeowner who ran a personal Ponzi scheme was suddenly cut off. Many...
More homeowners restart personal Ponzi schemes

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

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