The Stoneleigh: Q&A (Sort Of) With Jud Pankey
Jud Pankey was kind enough to answer my questions about the Stoneleigh last week, then our blog was down, etc. etc. So here you have it. I am truly sorry The Stoneleigh has been caught in this credit...
View ArticleRecession Declared
And the banks we are bailing out looked the other way when warned that creative mortgages might lead to a meltdown: “These mortgages have been considered more safe and sound for portfolio lenders than...
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Mortgage Rates: What’s The Story, Glory Or Gory?
My prediction: glorious low rates in 6 months. Today was my last full day of class at Champion School of Real Estate before my elective and then — I take the state exam! I am getting my real estate...
View ArticleDebbie Downer Is Alive And Depressed In New York City
You haven’t heard from me because I spent half the day with travel delays –it’s cold and rainy in NYC, which matches the mood perfectly at this year’s Inman News Real Estate Connect. I tootled in just...
View ArticleSo Whatever Happened To P.M.I???
Did PMI have PMS? I actually had a dream last night about P.M.I. — that is, private mortgage insurance. (The trillion dollar bail-out is so mind-boggling I am dreaming about it.) I recall when we...
View ArticleMore On Robert Shiller
Love the guy, but he’s definitely an academic. He thinks derivatives — risk management – can help cure the up and down of the real estate market.
View ArticleThe Stimulus Bill and Home Buying
Reader James Clutts over at CSW Home Loan fills us in the details of what actually passed to benefit homebuyers in the Economic Stimulus package: It now appears the economic stimulus bill will deliver...
View ArticleBalanced New Home Market: 3 Or 6 Month Supply?
Across the nation, home construction is down drastically – good news for buyers, bad news for builders and anyone in the construction industry. Yesterday, Steve Brown reported that Dallas-Fort Worth...
View ArticleOctu-Mom’s Mom’s House May Be In Foreclosure
Since Octu-mom does not have a house of her own to shelter her litter brood, she lives with her mom who is behind on her house payments by more than $23,000… this is just sick. Please, someone, psych...
View Article$275 Billion Home Stimulus Plan At First Blush
I know the reports are preliminary, but I am already getting ulcers over President Obama’s cure for our housing woes. Here’s my first report card: A -$8000 tax credit for first-time buyers, l like very...
View ArticleInman News: Lenders Not Exactly Gaga Over HASP
The Mortgage Bankers Association sees weaknesses in Obama’s real estate stimulus plan in the lending realm, like the upper limit of a 105% loan-to-value ratio required for refinancing, and the role of...
View ArticleRE: Just So We Don’t Blame Bush
Vital point from a commenter: “Regardless of political mudslinging, the crux of the discussion is this section “Under Fannie Mae’s pilot program, consumers who qualify can secure a mortgage with an...
View ArticleWhat Price Home Does An Annual Salary Of $250,000 Buy?
I’m just saying here — looking ahead to how much house someone who earns $250,000 a year will be able to buy as we re-distribute the wealth. Not saying it shouldn’t be re-distributed, not saying it...
View ArticleState Of The Dallas Market: We May Not See Mega Leverage For 50 Years
W. Michael Cox is the Director of the O’Neil Center for Global Markets and Freedom at the Cox School of Business at SMU, and a Chief Economist for the Federal Reserve Bank of Dallas for the past 25...
View ArticleTransfer Fees Being Packaged Into TARP Bailout??? Ask Candy, Continued
I feel we snagged something very interesting talking about transfer fees, as this commenter suggests, and wonder if anyone has anything to add: I heard that this was in the works among several...
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