Our cruise around the world looking for similar real estate markets has to include a stop Down Under, where the auction format to sell homes and the lack of capital-gains tax on seller proceeds from the sale of their primary residence has to add extra juice. Add in...
We saw how crowdfunding could be a new (and bubblicious) way to finance home purchases. Here's one of the old ways - non-profits getting involved that are well-funded today, but.....Hat tip to Susie for sending in this story:...
The building of the next bubble won't look the same as the last one, but a common thread will be lenders who are hands-off. Hat tip to daytrip for sending in this story about crowdfunding for flippers:...
The old First-Franklin way of qualifying - and a better gauge of actual income and expenses. From HW: http://www.housingwire.com/articles/36188-is-subprime-lending-ready-for-a-comeback? An excerpt: In fact, CSC does not use the term subprime. According to Will Fisher,...
Speed bumps like the TRID are going to derail those who aren't used to finding solutions - when problems occur, rarely does an easy answer fall in your lap. Get Good Help!
It's different but improved this time? From the latimes.com: http://www.latimes.com/business/la-fi-new-credit-score-20151220-story.html An excerpt: Alternative types of credit scoring have been around for years, taking into account factors not always captured by...
We went to the escrow holiday party on Friday, and I just had to sneak in some business talk. Are the new disclosures causing delays in escrow closings, and messing up the buyers' plans for moving in? The answer from an escrow officer that does purchases only (not...
The mass defaults haven't happened yet, but old cronys from Countrywide who are funding loans that are insured by FHA does sound sketchy. From the latimes.com: PennyMac, AmeriHome Mortgage and Stearns Lending have several things in common. All are among the nation's...
The long-time readers of this blog remember back when the financial crisis was imploding, and how we followed the ensuing mortgage-industry collapse. People from Jim Grant to the FHFA were gathering on-the-street intel from this blog, and we had an audience on Wall...
Google is teaming up with Zillow to provide a mortgage platform for consumer shopping. How much longer before they do the same thing with realtors? A year? A month? Excerpts from HW article:...
