Mortgage and Real Estate Video News - All Comments

re: Elizabeth Warren Says TARP Will Probably Make a Profit: Video

Geof Giles, attorney — Sat, 07 Nov 2009 22:56:13 GMT

This is a very smart lady and you can probably believe what she says. I wish someone would ask her if securitization will fail and go away.

re: Housing: Another Bubble Ahead?

Richmond Results — Mon, 19 Oct 2009 05:58:39 GMT

Where is the help?

re: State of Housing

Marty Sonke — Tue, 29 Sep 2009 19:25:08 GMT

Diana says on Option ARMs, "There are definitely programs out there for them. The question is, "How underwater are you on your loan?" Because if you look at the Government refinance program you can go above that 100% LTV ratio up to 125% but the problem is that if you have even less equity in your home than that you're going to be in trouble. Also some of these pay option arms that are resetting it is not that the interest rate is resetting it is that people took the option to not pay very much at all that is pay a very minimum and then tack the excess on to the end of the loan and that puts them even deeper in trouble when they try to refinance." What an idiot. Clearly this is a mortgage/real estate reporter that has no clue of what is actually available in our marketplace. The 125% LTV program only covers loans that were originated under Fannie Mae guidelines; which were never Option ARMs. People with Option ARMs, unless they had a very low LTV to begin with are completely hosed. Their best bet would be to try to modify their loan but it is well documented how much of a nightmare process that is. Don't you just love the talking heads?

re: State of Employment

Gaga xing — Sat, 05 Sep 2009 03:20:38 GMT

Shafa?

re: Housing Now

James Mucci — Wed, 02 Sep 2009 12:33:52 GMT

In many real estate markets, short sales and foreclosures make up 50% or more of the sales. I am seeing some buyers who are taking advantage of the market and buying vacation homes. I am not sure what you mean by the "real buyers", but the real estate market is going to be different. More people will be renting as opposed to owning for quite some time. Some by choice, nervous about owning, and some because they do not qualify for a mortgage. The lenders are also going to be nervous about taking risks for quite some time as well. Lending standards are still tightening, and with all of the regulatory changes that are currently happening, the cost to borrow is going to increase, as well. The "real buyers" will not be the same group of people that is was a few years ago, unless there are some major changes in the future.

re: Housing Now

Moshe Cohen PhD — Wed, 02 Sep 2009 00:40:16 GMT

I would like to see the numbers without short sales and without bank owned properties. Do you think the "real buyers" are out?

re: In-Depth Look - Lost Economic Growth Drivers

Damian Fischer — Wed, 19 Aug 2009 13:26:08 GMT

Absolutely a long term concern. The soending habits of retirees is dramatically different then those still working. And like George Magnus indicated it's not a US problem it is a World problem that we are loosing our buying capacity. Our new drivers need to focus on emerging markets and third workd countries to increase their standard of living and ability to spend money.

re: ReFi on the Rise

Sandy Dungan — Sun, 16 Aug 2009 15:56:34 GMT

very informative!

re: Citi's Risky Business?

Ed Connor — Thu, 13 Aug 2009 19:35:25 GMT

Warehouse lending with the HVCC is killing the appraisal profession, leaving only the most inexperienced to market value more risky assets??!! More insanity. Thanks to the bubble and burst and bailout, we all know to our great dismay that the banks greed doesn't die. Insane, Bring back the bubble with my money??!!! Have loans valued by the most inexperienced appraisers out there and not care because the loans are insured by the GSE'S??!! Since we own Citi to some extent, shouldn't we have a vote on it? I vote hell no!!

re: In-Depth Look - TARP Report Raises Red Flags

joebhed — Tue, 11 Aug 2009 20:48:29 GMT

The reality is that it is the total opaqueness of the accounting rules today that colors the results of the banks' financial operations. Neither fish nor foul with the MTM. Or both, and. And if it is this opaqueness that is contributing to the presentation of "better-than-expected" data on the financial institutions, then what she needs to be MORE worried about is the impending second "tranche" of loses that are coming down the pike, the result of which will be the second, REAL financial meltdown. Affecting, therefore, everybody, not just the small banks holding mortgages. Everybody is hoarding capital. A TELLTALE sign.

re: Surviving Subprime: One Bank's Story

Jacob Eso — Wed, 05 Aug 2009 21:45:21 GMT

KUDO,S TO THESE PEOPLE, GIVE SOME OF BANK OF AMERICA,s BAIL OUT MONEY. REMEMBER THESE GUYS NEXT TIME THE GOVERMENTS BAILING COMPANIES OUT,NO BONUS HERE, A FEW MIL. BY A AT LEAST SOME STICKIES JAKE THE PLUMBER

re: Discussing Inflation and Mortgage Modifications

Eric Reque — Tue, 04 Aug 2009 14:15:36 GMT

www.MyMortgageIsUnderwater.com Join the team

re: Foreclosures Threaten to Derail Housing Recovery

tommcgiveron — Sat, 01 Aug 2009 01:22:09 GMT

this is the real deal. it's going to hit the fan and most homeowners have no clue. FOR BUYERS right now - this is it. great time to buy - but those who want/need to sell - man they need to do it now. 20% DROP in value to a buyer who buys today - isn't so bad. but to a homeowner who's been in the house for 20 years, wants to sell so bad they can taste it - it's 20% ON TOP of the 30% they've already lost! Ouch. this is so prevalent and increasing on long island (and I saw it coming) that i now have 3 foreclosures, 3 short sale listings - and i've sold 4 short sales in the past 6 months. add to that i'm doing 3 to 5 bpo's per week. i also launched a new website www.islandforeclosures.org - to get deals out to buyers that sign up. it's going to get nuts...

re: State of the Housing Market

James Mucci — Wed, 29 Jul 2009 23:34:43 GMT

Informative analysis of the housing market how more foreclosures are likely. Housing is not out of the woods yet!

re: House Sets Sights on "Too Big to Fail" Institutions

steve johnson — Tue, 21 Jul 2009 18:59:44 GMT

The government entities are way too big to fail!! We need to downsize government in a HURRY!! Why should the private sector have to downsize 30%+/- and the government entities just freeze hiring? I don't get it? Seems like a dang no brainer! Are we all brain dead!! The government entities are the largest money wasters! Do we want to becopme a thrid world?