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: ...
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 ...
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" ...
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, ...
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, ...
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 ...
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 ...
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 -- ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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?
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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