Below is the full fact sheet of the Obama housing plan from whitehouse.gov. In his State of the Union address, President Obama laid out a Blueprint for an America Built to Last, calling for action to help responsible borrowers and support a housing market recovery. While the government cannot fix the housing market on its own, [...]
January 23, 2012
Dear Edward DeMarco, Your position regarding principal reduction for underwater mortgages illustrates just how unfit you are to be running the FHFA. You argue against principal reductions, because it might cost “marginally” more than principal forbearance, yet you completely ignore all of the data suggesting that negative equity leads to strategic defaults and a potential [...]
January 10, 2012
Selling foreclosures in bulk to institutions is an example of crony capitalism at it’s worst. Keep in mind that our problem isn’t that selling homes locally and individually doesn’t work, it’s that Fannie Mae, Freddie Mac, the FHA, and TBTF banks simply haven’t been doing it. Diana Olick reports: The Obama administration, in conjunction with federal [...]
September 2, 2011
I’m not in academia and I’m not an economist -which means my ideas might actually work.
Obama, listen up. In the name of stabilizing home prices, your advisers have confused the disease with the cure.
Here is my 5-point plan to fix the housing market
June 28, 2011
For those that dismiss this upcoming drop in the conforming limit as meaningless, why has the California Association of realtors raised the alarms and come out opposing this change? i think we all know the answer to that one.
June 24, 2011
On October 1st, the conforming loan limit for mortgages backed by Fannie Mae, Freddie Mac, and the FHA will drop from $729,950 to $625,500. This will absolutely impact home prices, especially in high-priced states like California, rewarding patient buyers with more affordable homes.
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February 1, 2012
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