Tag Archives: mortgage market

Lenders Make Money By Keeping Mortgage Process Complex

Mortgage professionals make money by keeping the mortgage process complicated. The less you know about what you are signing up, the easier it is to take advantage of you. I thought capitalism was supposed to produce the best deals and … Continue reading

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Mortgage Bonds Getting A Second Look

Until there’s a growing demand for mortgage-backed securities (MBS), lenders are not going to have many funds available for lending for new mortgages. Now some of the same people who were selling MBS prior to 2007 are now buying them, … Continue reading

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The Booming Business Of Online Mortgages

The housing market and the mortgage market are in a downturn. This has gone on for five years and there’s no relief in sight. There’s never been anything like it since the Great Depression. Our economy is in its worst … Continue reading

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US Mortgage Bonds Hit Six Months Low

President Obama’s plan to allow millions of underwater homeowners to refinance their mortgages will have a mixed effect on the mortgage market in particular and the economy in general. It’s not even clear if this move will stimulate the economy. … Continue reading

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Consumers Expect Home Prices To Keep Falling

Expectations for home prices plunged in September to their lowest level in a year. That’s no surprise. Economic growth is weak. Unemployment is high. The stock market is gyrating in a frightening manner. The WSJ says: Consumer expectations for U.S. … Continue reading

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Will Obama’s Refi Plan Boost Economy?

Here’s a highly cited WSJ article analyzing the implications of the economy of the Obama refinance program. The boost to the economy will be small. Just as the Obama job program is unlikely to boost the demand for workers in … Continue reading

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A Bet On Bank Of America Is A Bet On Housing

That’s a line I just heard on CNBC (9:40 am PDT). Bank of America and Wells Fargo are disproportionately in the mortgage market. Meanwhile, home builder stocks are hitting record lows. Problems in housing are going to plague earnings for … Continue reading

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A Third Of American Mortgages Are Underwater

I wonder what would happen if the federal government reduced its role in the mortgage market and let the housing market finds its own balance. I suspect that home prices would drop another 20% in the next 18 months. Foreclosures … Continue reading

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An Ethical Take On Mortgage News

Rabbi Brad Hirschfield has a video on the Washington Post about President Obama’s plans for the mortgage market. The rabbi has no special expertise in the mortgage market. Instead, he’s evaluating the wording of recent business news. The rabbi condemns … Continue reading

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Changing The Debate On Mortgage Finance

In 2010, Congress passed and President Obama signed a massive financial regulation bill called Dodd-Frank. As with the healthcare bill, almost all of those who voted yes had not read the bill. Nobody knew what it would do because important … Continue reading

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