Should Government Set Mortgage Rates?
With all the talk of getting a new mortgage there’s one question which no one seems ready to touch: Why doesn’t the government ought to set mortgage rates? At first this may seem like an audacious...
View ArticleGovernment Proposes Flawed Mortgage Appraisal Rule
Buried in a new Consumer Financial Protection Bureau proposal is a new effort to control illegal flipping. On its face any effort to limit illegal flipping should be seen as a good thing because the...
View ArticleRGIII — Race, Football & Foreclosures
Washington Redskins quarterback Robert Griffin III has been much in the news during the past week, first for an on-field knee injury and then because of questions regarding his group identity. ESPN...
View ArticleWealth Gap Creates More Foreclosures and Short Sales
The worst of the foreclosure crisis seems over, if you can accept the idea that today’s foreclosure levels are in any way acceptable. Many of the foreclosures and short sales seen today actually have...
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Are Subprime Mortgages Dying Or Dead?
Subprime mortgages are an endangered species. The problem is not that such loans can’t be made under Wall Street Reform, and it’s not that such loans won’t be made, it’s just that there will be a lot...
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Are All Subprime Mortgages Predatory Loans?
Subprime mortgages are typically loans with tough terms and high rates. So does this mean all subprime loans are examples of predatory financing?In the usual case the answer is no. Subprime mortgages...
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Why Subprime Mortgages Are Back
Subprime mortgages – once the bad boys of real estate lending – are coming back. Figures from the Federal Reserve Bank of St. Louis show that between 2007 and the start of 2013 subprime mortgages fell...
View ArticleWhy Subprime Mortgages Are Better Under Dodd-Frank
Subprime mortgages are coming back, slowly but surely. But while subprime loans remain an expensive form of financing there’s an argument to be made that today’s subprime mortgages are objectively...
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Subprime Mortgages: 50 Shades of Risk
Subprime mortgages continue to be the riskiest type of mortgage you can get — and yet things are looking better for both subprime borrowers and subprime lenders. How can that be? Subprime mortgages are...
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Subprime mortgages are back, but is that a good thing?
Subprime loans seen today are very different from their cousins from 2000 through 2008. Under Dodd-Frank, lenders must show that borrowers have the ability to repay their loans, an absolutely obvious...
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