patrick.net

Strategist says

HA ha ha. Stated income, regardless of credit is already available with 50% down.

Under no legal structure will Q.M. be absolved

Any bank can give any loan they want... but they will have no legal protection.

Strategist says

The next 4 years will be profitable too, but the stubborn pessimists will still not get it.

Considering selling mine in the spring and putting proceeds in CA munis.

tr6 says

Strategist says

The next 4 years will be profitable too, but the stubborn pessimists will still not get it.

Considering selling mine in the spring and putting proceeds in CA munis.

How can you expect prices to go down in the middle of a severe shortage? The only question is, how much will homes appreciate by. I was expecting 10%+ in OC in 2016, but sadly we are only getting 6%.
I'm expecting 2017 will be much higher.

Logan Mohtashami says

Strategist says

HA ha ha. Stated income, regardless of credit is already available with 50% down.

Under no legal structure will Q.M. be absolved

Any bank can give any loan they want... but they will have no legal protection.

Who cares about legal protection to the banks. The banks have 50% protection in collateral, which is far more desirable.

Strategist says

Who cares about legal protection to the banks. The banks have 50% protection in collateral, which is far more desirable.

Freddie, Fannie, FHA, VA and other banks who procedure almost all the loans in America don't offer that product

It's a collateral loan that rich people do

How many people in America can put 50% down? Barely have 3.5%

Lending under government mandate will not absolve QM

Your loan is a very small portion of the total product line

That's all that matter, the system is not protected from the corrupt and nobody will ever bring back those horrible loans ever again.

End of story

Strategist says

The next 4 years will be profitable too, but the stubborn pessimists will still not get it.

Home prices going up is bad.
You are the pessimist.

Strategist says

I'm expecting 2017 will be much higher.

Rates dropped this year all the way to mid September helping house prices. Now they are almost 1% from this year's lows (1.38 on the 10 year treasury in July, and as high as 2.40 today). I think it will have negative effect on the prices next year.

Heraclitusstudent says

Strategist says

The next 4 years will be profitable too, but the stubborn pessimists will still not get it.

Home prices going up is bad.

You are the pessimist.

I'm biased because I have a bunch of properties. At the same time I want everyone who wants a home, to have a home.

tr6 says

Strategist says

I'm expecting 2017 will be much higher.

Rates dropped this year all the way to mid September helping house prices. Now they are almost 1% from this year's lows (1.38 on the 10 year treasury in July, and as high as 2.40 today). I think it will have negative effect on the prices next year.

That's a significant jump in rates. I still think California home prices will take a large jump. The affordability indexes are no where near the lows.

Strategist says

America is the most housed nation in the world.

Romania. India and Brazil are also have a higher percentage of ownership than the US by far.
https://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate

Want to know why Romania and much of Eastern Europe is so high? Many allowed their residents to take possession of the place they were living under Communism.

Thunderlips is Tovbot2 says

Many allowed their residents to take possession of the place they were living under Communism.

Many did own their residences under communism. That is how they survived after its fall.

Strategist says

I'm still trying to get raped by Middle School teachers.

Maybe you should join the PTA. :)

Logan Mohtashami says

S&P: All-time High

Dow: All-time High

Russell 2000: All-time High

MidCap 400: All-time High

Happy Thanksgiving 🦃

Yep - but its all banks and energy stocks for the most part. So unless you were on those...your portfolio may not look as great as the all time high message sounds.
And the question remains...will this rally hold? What do you think Logan?

SubOink says

So unless you were on those.

Ticker symbol MASI ... All time high is week ;-) , actually sold some more this weekSubOink says

What do you think Logan?

Breath early on wasn't good here, obviously banks who have been under performing got a lift on theory only. You can make a case that bank margin interest has bottomed

NYSE 52 weeks highs I think running over 500 now, that a high we haven't seen since 2013

All yields are rising together ... Next point line I am looking at on our 10's is over 2.50% now

It's a bit over done short term

As always, economic cycle data matters, when due margins get pressured to the point where top line revenue really needs to kick in.

The big difference between this last cycle and now is that we are running into a stronger demographic patch

This is damning evidence...

Logan says

They will never bring back stated income for wage earners or option arm loans for stated income.. all that is done with.

Strategist says: HA ha ha. Stated income, regardless of credit is already available with 50% down.

East West Bank

Cathay Pacific Bank

Ranina ranina says

This is damning evidence...

Big difference between traditional GSE, FHA, VA loans and then these Non QM loans.

We had access to bank statement loans with 30% down, the ability of people to do these loans are very very small. In fact they were the real 1% of society.

Stated income loans, option arm, 40 year amortization loans have been banned only on getting legal protection ....

We have access to interest only loans, but they're based on the capacity to own the debt on a 20 year amortization payment

These are rich man's loans that very few people can do

In that debate I had on housing finance at the conference... I let the lords of facts shoot down on those who said lending is tight for poor cash flow Americans

We will never forget the horror of loose lending in this country and will fight it to the gates of Hell

Being a Met coal guy, the rise in steel is the most glaring thing I have seen in this recent time

Puny human existing in your little two dimensional world....

Logan Mohtashami says

Ranina ranina says

#$%^#&*?!?!?!

Logan Mohtashami says

Ticker symbol MASI ... All time high is week ;-) , actually sold some more this week

you don't sound convinced that it will continue to run...

SubOink says

you don't sound convinced that it will continue to run...

Sold 4,490 shares and have 4,500 left, this stock has done a lot better than I thought.

I am working on a point that I would pull the trigger to buy again.. So far only one chance I had this year and I bought at 37.84

No real pull back outside the start of the year

I do buy a tad each month for the long term portfolio, I could care less where it's at now for that portfolio which Is still 25 years away from being touched

well done - that stock has had a ridiculous run

Did he GRAB HIS DICK?

From the linked article:

“I can’t explain why I did it,” he said.
***
“That was a poor decision that I made …” he said. “In my almost 17 years in government, this is the one mistake I made.”
***
Yenni noted Robert Evans III called him an "admitted child pedophile and open homosexual," which he denied.

“I have never admitted that,” he said. “It doesn’t define me … I’m not gay.”

Good grief. The 2016 election results remind me of Poltergeist II: "They're ba-ack."

www.youtube.com/embed/F8TrCJQAid0

Sore losers

What happens to the plane she was flying around in?

joshuatrio says

Sore losers

They can't even lose right!

Critical thinkers saw a counter before completely reading this.

Testing 1,2,3...

What can't continue won't continue?
When will broke retard D & R voters have enough?
And how bad could it get when millions are pissed?

GOD TRUMP! will save us.

One campaign got more Wall Street money than the other by a significant margin....but stating that must make me a wingnut....

If we all opened our windows and refrigerators in synchrony we could induce climate change favorable to our species...

It should be obvious that the liberals are fudging data becasue they are upset about Trump winning the election. Doesn't the timing of this fake news seem a little suspicious ?

The usual collection of libertards will be here shortly to explain that black is white and obedience is freedom.

Didn't we learn in the 70s and over and over again since then, that chicken little, "the sky is falling," fear mongering is never justified ? (Except perhaps as it pertains to entitlement spending on social security and medicare).

Canadian real estate!

rando says

Canadian real estate!

They say buying only makes sense if you're going to stay in the location for at least 5 years.