Category Archives: Mortgage loan

Is The US Real Estate Market Facing A New, Post-Financial Crisis, Chapter Of Moral Hazard?

housing market moral hazard

With the US housing market having recouped most of its pre-financial crisis price levels (exceeded in some markets) in conjunction with the Federal Reserve having engaged in ZIRP (zero interest rate policy) for an extended period of time, is the market once again facing a moral hazard? First, how would one define moral hazard vis a vis the real […]

Leave the mortgage interest deduction alone!

title insurance New York,New York City,Long Island

  The Mortgage Interest Deduction! Of course the title of the article is a parody of the fan pleading for the masses to leave Britney Spears alone but, for anyone who owns real estate that is mortgaged or who may be thinking of buying residential property with financing, the title is actually quite significant. This […]

Housing trouble ahead from the QRM provision in Dodd-Frank?

The best intentions of Washington can often result in negative, albeit unintended, consequences. A perfect case in point is the QRM provision in Dodd-Frank! The proposed Dodd-Frank Wall Street Reform and Consumer Protection Act includes a provision that goes by the acronym QRM, or Qualified Residential Mortgage. I recently attended a meeting of the Empire […]

The foreclosure crisis: PSA has nothing to do with the prostate!

Foreclosure signs, Mortgage crisis,

The foreclosure crisis and “Pooling and Servicing Agreement” (PSA) violations On March 31st The Hallmark Abstract Sentinel published an article that discussed the upcoming 60 Minutes story (airing tonight) on the foreclosure crisis, and the potential for it to have far reaching implications and ramifications. The following paragraph comes from the Sentinel article that can […]