Tag Archives: liar loans

10 Important Articles Ranging From Real Estate To Mortgages To Stocks To China To College…

general news

The links below are to articles at news sources that include traditional as well as new media covering issues ranging from China to real estate to a college education! In reality, however, in one way or another all of these issues are inextricably intertwined. Disappointing Earnings From A High-end Real Estate Focused Retailer! Is This Anecdotal Evidence Of […]

The Ten Commandments For Homebuyers And Mortgage Applicants!

The desire to buy a home is all well and good but, unless it’s an all-cash transaction, financial decision-making is critically important! Post-financial crisis the underwriting methodology and criteria for residential mortgage loans swung in the exact opposite direction from where they had been in the go-go years of real estate. Before the financial crisis and in […]

Forget FICO Scores? ‘Homeownership is an integral part of the American Dream’!

Hmmmm…Where and when have I heard the phrase “Home ownership is an integral part of the American Dream?” before? Was it in statements concerning the Community Redevelopment Act (CRA)* and that period in American history leading up to the great financial crisis of 2008? A time in residential real estate when basically anyone with a pulse could be […]

97%+ Loan-To-Value Mortgage Loans: It’s Deja Vu’ All Over Again!

residential mortgage,mortgage underwriting,Fannie Mae,RMBS

Residential mortgage-backed securities (RMBS) stuffed with sub-prime “liar loans’ were at ground zero of the 2008 financial crisis and, guess what… They’re Ba-ack! Not stated loans per se but in a new program from Fannie Mae called HomeReady Mortgages, 97%-plus Loan-to-Value loans become possible ‘based not on the borrowers income (which is too low) but on “non-borrowers” […]