Mortgage and Real Estate Video News - All Comments

re: Fed Chairman's Testimony

Marty Sonke — Wed, 24 Feb 2010 20:39:16 GMT

I think the Fed's unemployment number is way too optimistic. I hope they are right but I don't see how they can be. We need 150K jobs per month just to absorb the people coming out of college. You need a number north of there just to cause the unemployment rate to actually decline. That said, the unemployment numbers will get a little help from those people that have gone through all of their benefits and still have yet to find a job as they will not be counted in the unemployment numbers. I think we are a long way away from those kind of job growth numbers.

re: U.S. Treasury Three-Year Notes Yield 1.49% at Auction: Video

Adam Quinones — Tue, 12 Jan 2010 22:48:44 GMT

good work Brian. good work....

re: Big Banks Under Attack

Bill Shaw — Tue, 12 Jan 2010 17:46:41 GMT

How does the current reporting of profitability at the large "too big to fail" banks differ from Bernie Madoff's long unsupervised Ponzi scheme. There is no indication that the large financial institutions have altered their practices of taking large risks. Anybody can show nice profits if you simply ignore or pass all your losses on to someone else, i.e. TARP. So long as we have regulators that bow to the demands of the perpetrators we will erode the confidence of the markets.

re: Another Housing Crisis?

Ed Connor — Thu, 07 Jan 2010 00:24:44 GMT

The previous rise in home sales was NOT from the stimulus but from pent-up demand - buyers waiting for the right time to get into the home market, ie.. prices stabilizing. Unfortunately they bought into the hype from the talking heads that see nothing but clear skies ahead. Expect mortgage apps to continue down as well as prices and no rate increases. That would kill the export market and with it jobs. Sad state of affairs. My question is - Why are there no mortgage brokers or appraisers brought on as experts on these shows? Only economists that can never agree on anything. The slant is soooo obvious. They need some real experts to tell them what's going on.

re: Treasury's Mortgage Mods Stick

Adam Quinones — Thu, 10 Dec 2009 21:00:43 GMT

agreed

re: Treasury's Mortgage Mods Stick

Frank Ceizyk — Thu, 10 Dec 2009 20:47:31 GMT

After watching this don't you means Treasury Mods suck? 31,000 permanent mods out of 679,000 trials.

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!!