Tag Archives: housing industry

Processing Foreclosures Is Rapid In California, Slow In Florida

The slower the market is to work, the less efficient it is. Capital gets tied up and can’t be allocated most efficiently. Processing a foreclosure typically takes two years in Florida’s clogged court system. Now Florida lawmakers are looking at … Continue reading

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Another Chance To Refinance Your Mortgage

People who’ve been turned down multiple times on their applications to refinance their mortgage have a fresh new shot with the Obama administrations new plan to allow for the refinancing of underwater mortgages owned by Fannie Mae and Freddie Mac. … Continue reading

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Will Low Interest Rates Revive The Housing Market?

If people don’t have jobs, they can’t buy homes, even if interest rates are low. If the economic outlook is precarious at best, then many people who do have the means will stand back from major purchases. What about people … Continue reading

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Housing Prices Hit New Low

1pm PST. Charlie Gasparino on Fox News questions the hundreds of billions of dollars spent to fire up the housing industry. After massive government subsidies, the economy is flat and home prices are hitting record lows. What was the point … Continue reading

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Foreclosures Slow

I heard an expert on CNBC this morning say that she expected a loss of two trillion dollars in home equity over the next 12 months. Is that an odd opinion? Nope. It is the conventional wisdom. Nothing but tough … Continue reading

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Mortgage Interest Deduction Scrutinized

There’s sentiment on Capitol Hill to do away with the mortgage interest tax deduction. After all, there is no tax deduction for the payment of other interest, such as on credit cards. The Washington Post reports: There’s a hallowed rule … Continue reading

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A New Rule Threatens The Fragile Housing Industry

What role did Wall Street play in the collapse of the housing industry? They played the role of sucker, says economist Thomas Sowell, because they overpaid for securities backed by complicated mortgage instruments nobody could know how to value accurately … Continue reading

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California’s Simple Foreclosure Process

What’s the friction in doing a deal? How complicated and messy can it get? Or will it be smooth? Compared to Florida, California has a smooth way of handling foreclosures. That’s why California’s housing market is doing better than Florida’s. … Continue reading

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Government Thinks It Knows Better How Much Real Estate Should Be Valued

There are endless calls for the government to intervene to shore up real estate values. There are also demands for the government to create affordable housing. Aren’t these goals in conflict? Why not just leave it to the free market? … Continue reading

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Refinance Increase

From Quicken Loans: The Mortgage Bankers Association announced this morning that applications for mortgage loans, on a seasonally adjusted basis, increased 2.9 percent last week when compared to the week prior. The report showed that applications for mortgages used to … Continue reading

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