OurBroker

Peter G. Miller is a nationally syndicated columnist who writes about real estate, economic and personal finance. He also writes for various online sites and is the author of seven books (one with a co-author), all originally published by Harper & Row.

joined 2010 Dec 2, 3:32am   United States 64 posts   197 comments   following x   ignore ignoring OurBroker x ignore


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Huge Homes Drive Away Would-Be Buyers (ourbroker.com)
by OurBroker on 3 Mar 2014  44 comments, latest 4 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: sales...

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Church real estate write-off threatened (ourbroker.com)
by OurBroker on 25 Nov 2013  1 comment, latest 5 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 Tax-Free...

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Lenders Place 1,000% Mark-Up On Homeowners Insurance (ourbroker.com)
by OurBroker on 24 Sep 2013  10 comments, latest 5 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" homeowners...

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Why A Media Shield Law Won't Protect Bloggers (huffingtonpost.com)
by OurBroker on 16 May 2013  Posted 5 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 who...

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Big Bank Derivative Bets Near $225 Trillion (ourbroker.com)
by OurBroker on 4 Oct 2012  1 comment, latest 6 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, no...

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Should “Old” Folks Get Mortgages? (ourbroker.com)
by OurBroker on 20 Aug 2012  5 comments, latest 6 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, in...

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How Misplaced Mortgage Fraud Fears Hurt The Market (ourbroker.com)
by OurBroker on 9 Jul 2012  9 comments, latest 6 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 mortgage...

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Wells Fargo Accepts Huge Discrimination Settlement (wellsfargo.com)
by OurBroker on 12 Jul 2012  2 comments, latest 6 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 programs...

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Are Foreclosure Reviews A Hoax? (ourbroker.com)
by OurBroker on 11 Jul 2012  Posted 6 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 case...

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More Than 300,000 Foreclosure Actions To Be Reviewed (ourbroker.com)
by OurBroker on 21 Jun 2012  4 comments, latest 6 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 -- have...

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Tough Credit Rule Dropped by FHA (ourbroker.com)
by OurBroker on 18 Jun 2012  5 comments, latest 6 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 worth...

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Why Low Mortgage Rates Are A Problem (ourbroker.com)
by OurBroker on 6 Jun 2012  20 comments, latest 6 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 time...

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Why The Buffett Rule Is Just A Start (ourbroker.com)
by OurBroker on 16 Apr 2012  7 comments, latest 6 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 just...

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Break Up The Big Banks — Now or Later? (ourbroker.com)
by OurBroker on 25 Mar 2012  Posted 6 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 Dallas...

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Will debt to China raise US mortgage rates? (ourbroker.com)
by OurBroker on 12 Mar 2012  11 comments, latest 6 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 debt...

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Texas teen mistakenly deported to Colombia (reuters.com)
by OurBroker on 6 Jan 2012  1 comment, latest 7 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 for...

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Bank of America severing some small-business credit lines (latimes.com)
by OurBroker on 4 Jan 2012  3 comments, latest 7 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 Charlotte,...

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FHA Mortgage Insurance Premium To Rise In 2012 (OurBroker.com) (ourbroker.com)
by OurBroker on 2 Jan 2012  Posted 7 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 -- as...

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Happy New Year: Corporate Profits Up, Taxes Down (OurBroker.com) (ourbroker.com)
by OurBroker on 26 Dec 2011  Posted 7 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 billion...

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How America got its first Christmas tree : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures (ourbroker.com)
by OurBroker on 22 Dec 2011  Posted 7 years ago
http://www.ourbroker.com/news/
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The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available


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