OurBroker

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OurBroker's threads


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Huge Homes Drive Away Would-Be Buyers
by OurBroker on 3 Mar 2014   42 comments, latest 10 years ago
Homes keep growing in size, families keep shrinking and household incomes are 9 percent lower than in 1999. The inevitable result is that new home sale activity has plummeted: ...

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Church real estate write-off threatened
by OurBroker on 25 Nov 2013   1 comment, latest 10 years ago
A federal judge says housing write-offs for clerics are unconstitutional. More than $2 billion is at stake as well as big church/state questions. Real Estate: Will Church Ministers Lose ...

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Lenders Place 1,000% Mark-Up On Homeowners Insurance
by OurBroker on 24 Sep 2013   8 comments, latest 11 years ago
The state of New York has discovers -- and intends to ban -- the practice of lenders charging as much as a 1,000% mark-up on what is called "force-placed" ...

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Why A Media Shield Law Won't Protect Bloggers
by OurBroker on 16 May 2013   Posted 11 years ago
Hi -- I know this is a little off the usual subject but as a journalist and blogger this is important stuff for us, for Patrick and for those ...

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Big Bank Derivative Bets Near $225 Trillion
by OurBroker on 4 Oct 2012   1 comment, latest 11 years ago
The notational value of big bank derivatives is near $225 trillion -- really, trillion. That's up from $120 trillion in 2006. >>>Derivatives are simply bets. They finance no factories, ...

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Should “Old” Folks Get Mortgages?
by OurBroker on 20 Aug 2012   5 comments, latest 12 years ago
Should people age 66 and above get a fixed-rate 30-year mortgage? This is a real question which arose on PBS -- honest. >>>Despite the implication of the PBS question, ...

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How Misplaced Mortgage Fraud Fears Hurt The Market
by OurBroker on 9 Jul 2012   4 comments, latest 12 years ago
Anyone who has recently completed a mortgage application will tell you that the process has become ridiculous complex and picky. One alleged reason is to prevent mortgage fraud but ...

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Wells Fargo Accepts Huge Discrimination Settlement
by OurBroker on 12 Jul 2012   2 comments, latest 12 years ago
Wells Fargo agreed to pay $125 million to minority borrowers who were "adversely impacted" by discriminatory lending practices. In addition, the company will pay $50 million for community improvement ...

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Are Foreclosure Reviews A Hoax?
by OurBroker on 11 Jul 2012   Posted 12 years ago
People who think they have been wrongly foreclosed can now apply for an "independent foreclosure review." Sounds very reasonable -- until you look at the specifics. For instance, your ...

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More Than 300,000 Foreclosure Actions To Be Reviewed
by OurBroker on 21 Jun 2012   4 comments, latest 12 years ago
The federal government sent out nearly 4.4 million letters looking for people who were hit with wrongful foreclosure actions. As a result nearly 340,000 cases -- so far -- ...

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Tough Credit Rule Dropped by FHA
by OurBroker on 18 Jun 2012   5 comments, latest 12 years ago
A new FHA underwriting standard set to go into effect July 1st has been dumped by HUD. The rule would have blocked any borrower who had outstanding credit disputes ...

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Why Low Mortgage Rates Are A Problem
by OurBroker on 6 Jun 2012   20 comments, latest 12 years ago
Low rates are great -- but only for borrowers who can get through the application process. Ben Bernanke says even borrowers with 20 percent down are having a hard ...

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Why The Buffett Rule Is Just A Start
by OurBroker on 16 Apr 2012   7 comments, latest 12 years ago
Should the incomes of the rich and famous be taxed on the basis of the Buffett Rule? That’s the latest question on the political front, a question which explains ...

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Break Up The Big Banks — Now or Later?
by OurBroker on 25 Mar 2012   Posted 12 years ago
There is a very serious suggestion which argues that the time to start breaking up the big banks is now. Why serious? It comes from the head of the ...

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Will debt to China raise US mortgage rates?
by OurBroker on 12 Mar 2012   11 comments, latest 12 years ago
Yes, we owe a lot to China -- more than $1.1 trillion. But how can they collect? In the game of leverage we are ahead. China cannot unload it's ...

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Texas teen mistakenly deported to Colombia
by OurBroker on 6 Jan 2012   Posted 12 years ago
Whoops. A then-14-year-old-girl, a US citizen who does not speak Spanish, was arrested for shop lifting in Texas and so naturally was deported to Columbia. She remained in Columbia ...

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Bank of America severing some small-business credit lines
by OurBroker on 4 Jan 2012   2 comments, latest 12 years ago
>>>Bank of America Corp., under pressure to raise capital and cut risks, is severing lines of credit to some small-business owners who have used them to stay afloat. >>>The ...

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FHA Mortgage Insurance Premium To Rise In 2012 (OurBroker.com)
by OurBroker on 2 Jan 2012   Posted 12 years ago
The legislation passed by Congress in late December which continued the payroll tax reduction for 60-days also increased the cost of using Fannie Mae and Freddie Mac plus -- ...

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Happy New Year: Corporate Profits Up, Taxes Down (OurBroker.com)
by OurBroker on 26 Dec 2011   Posted 12 years ago
“Corporate profits with inventory valuation and capital consumption adjustments) increased $32.5 billion in the third quarter,” says the government. And what about taxes? “Taxes on corporate income decreased $9.1 ...

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How America got its first Christmas tree : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures
by OurBroker on 22 Dec 2011   Posted 12 years ago
http://www.ourbroker.com/news/ #housing

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Amazon.com: Way Too Big to Fail: How Government and Private Industry Can Build a Fail-Safe Mortgage System (9781463660468): William A. Frey, Isaac M. Gradman: Books
by OurBroker on 26 Nov 2011   Posted 12 years ago
http://www.amazon.com/Way-Too- #housing

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Will The FHA Go Bankrupt? (OurBroker.com)
by OurBroker on 16 Nov 2011   Posted 12 years ago
A report supported by the conservative American Enterprise Institute says the FHA could need from $50 billion to perhaps $100 billion in taxpayer assistance. Actually, the FHA saw its ...

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Judge Mocks Bailed-Out Bank Seeking Foreclosure
by OurBroker on 15 Nov 2011   Posted 12 years ago
When a Georgia homeowner was denied a loan modification without any explanation a judge said the lender had a duty to say why -- especially since it got $20 ...

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Why Bernanke Is Wrong On Mortgage-Backed Secrurities
by OurBroker on 3 Nov 2011   Posted 12 years ago
The government has already bought mortgage-backed securities worth $1.4 trillion, now Fed Chairman Ben Bernanke says it may be the time to buy more. In effect, the federal government ...

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Washington Special Interests and Mortgage Loans
by OurBroker on 11 Oct 2011   Posted 12 years ago
“Leaders in Washington must stop scaring consumers by talking about eliminating the mortgage interest deduction, ending a federal backstop for housing and calling for a minimum 20 percent downpayment ...

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America’s Big Banks, America’s Financial Vietnam (OurBroker.com)
by OurBroker on 3 Oct 2011   1 comment, latest 12 years ago
Three years ago the most-powerful instutitions in America were the nation’s largest banks and brokerages, Wall Street for short. While millions of people were losing their homes, their jobs ...

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Should Government Set Mortgage Rates?
by OurBroker on 26 Sep 2011   4 comments, latest 13 years ago
It used to be that the government set FHA rates. Shopping for all loans was simple because you knew what FHA financing would cost and therefore there was a ...

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Four Years To Clean Out Foreclosure Inventory?
by OurBroker on 20 Sep 2011   Posted 13 years ago
>>>At current sale rates S&P says it will take 47 months to clear out today's inventory of distressed homes. Some areas will take longer. For instance, the New York ...

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Education: Down with Altruism - TIME
by OurBroker on 15 Sep 2011   Posted 13 years ago
http://www.time.com/time/magaz

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New FHA, VA and Conventional Mortgage Loan Limits
by OurBroker on 13 Sep 2011   Posted 13 years ago
Mortgage loan limits are scheduled to be reduced as of October 1st. Supporters say the idea is to reduce lender risk, but the lower conventional and FHA mortgage limits ...

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Labor Day: Does America Need A Second Bill of Rights?
by OurBroker on 5 Sep 2011   Posted 13 years ago
Here's an interesting story about a 24-year-old guy who was unemployed, uninsured and could not afford antibiotics for a toothache -- and then died when the infection spread. We ...

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Some U.S. firms paid more to CEOs than taxes: study (Reuters)
by OurBroker on 31 Aug 2011   Posted 13 years ago
"At a time when lawmakers are facing tough choices in a quest to slash the national debt, the Institute for Policy Studies, a left-leaning group, said it also found ...

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Foreclosure Discount Gets Bigger and Bigger
by OurBroker on 29 Aug 2011   Posted 13 years ago
Across the US the foreclosure discount is now 32 percent -- that's up from 26 percent a year ago. So what does this say about the real estate marketplace? ...

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France's richest say: Tax us more
by OurBroker on 24 Aug 2011   26 comments, latest 13 years ago
And we make fun of the French.... http://online.wsj.com/article/ So how about it, will the Koch brothers sign up to pay more?

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Corporate Profits Soar, Taxes Decline
by OurBroker on 25 Aug 2011   Posted 13 years ago
Just released from the Bureau of Ecomomic Analysis: "Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $57.3 billion in the second quarter, compared ...

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Do We Have A Depression In America?
by OurBroker on 24 Aug 2011   28 comments, latest 13 years ago
Forget academic arguments, when a large percentage of the population is hurting it’s a depression. If you’ve lost your job it’s a depression. If you’re underpaid because you’re afraid ...

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The Pearl Café Ranked #1 on Prince Edward Island : Food, Chefs, Travel, America
by OurBroker on 31 Jul 2011   Posted 13 years ago
http://www.chefsontheroad.com/

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Page not found : RightWorxcom
by OurBroker on 7 Jul 2011   Posted 13 years ago
http://rightworx.com/2011/07/0

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Why You WON’T Need a 20% Down Payment For a Mortgage Loan
by OurBroker on 28 Jun 2011   Posted 13 years ago
There’s been a lot of talk claiming that new mortgage rules will soon require borrowers to put down 20 percent if they want to buy a home. Such talk ...

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Companies Push for Tax Break on Foreign Cash (NY Times)
by OurBroker on 19 Jun 2011   Posted 13 years ago
>>>Some of the nation’s largest corporations have amassed vast profits outside the country and are pressing Congress and the Obama administration for a tax break to bring the money ...
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