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Posts Tagged ‘freddie mac’

Alternative Credit Scores – That Ignore Credit

Measuring credit by not measuring it

Just when we thought the crazy train could not pick up any more speed – Congress starts pushing the idea that Fannie and Freddie should change the model they use to evaluate the credit worthiness of borrowers.

Of course, when you read what you want to do, you realize that they want to de-emphasize actual credit issues and focus on payment history. There is an important difference since what they suggest is basing credit scores and lending decisions on whether or not you pay your power bill on time… or your rent. Ideas that to my mind, really tell you nothing about whether or not that person is a good credit risk.

We will also talk about the latest building numbers – which are not horribly encouraging.

This weeks poll!

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Bad Explanations For The Inventory Problem

PLUS: Las Vegas Just Had Some Interesting Numbers

These guys are going to be the death of us.

These guys are going to be the death of us.

As often happens, there are different pundits out there that like to explain our current situation in ways that make it sound us unoffensive as possible. What is even more interesting is when start to get the feeling you have discovered some of the real reasons why these pundits seem so hot to make the same mistakes again.

Today, we have some interesting info that is going to start to make it clear why some are so hot to bring Fannie and Freddie back to life! Luckily, there are some other voices out there that are seeing it he same way we are and are calling for those in charge to let Fannie and Freddie die.

We have also seen some interesting numbers out of Las Vegas that are encouraging, particularly if you recall the migration numbers we were talking about a few shows ago. Las Vegas might just become a great place to get a deal on an income property!

This weeks poll!

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Subprime Lending.. again…really?

PLUS: A Financial Bubble You Won’t Believe

More news on lending and how we are clearly moving back into a subprime lending world. We have talked about this before, but all the pundits have apparently gotten their marching orders. Nobody is talking about how completely crazy these new lending ideas are. In fact, they are going out and trying to convince everyone of how wonderful all these bad old policies are. The trouble is that they don’t seem to really remember what got us in trouble (They do, but they want to act like this is somehow different). We will review their argument and point out where they just completely get it all wrong – which they do – alot.

We will also chat a bit about an international version of subprime lending that is 10 times bigger than the subprime bubble from just under a decade ago. This one is nuts and when mixed with our lending practices with homes seems to indicate that things could be an order of magnitude worse this time around.

So it is not a good news Monday – but at least its honest!

This weeks poll!

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Should We Be Worried About Fannie Mae?

Some familiar and scary signs that maybe we should.

I am seeing some interesting exchanges happening out in the wild world web. Some of them, strange reminders of what I was seeing just before the big real estate bubble popped. Whenever I see one writer get in a very heavy huff over some other personality showing concern about things relating to real estate, I tend to take notice – because it is VERY similar to what was happening back in 2007. Some folks were worried about what was going on in real estate and the reactions were loud and all tended to accuse those folks of fear mongering. Of course, the fear mongers turned out to be right. For those of you that have been listening to me for a while, you know that my concerns are less about real estate specific things causing the next problem and more about things external to real estate. However, there are signs out there – right in the middle of the places that caused so much trouble last time – that mistakes are being repeated. Will take some time to discuss that today.

In other news, we will discuss the price to rent ratio and point you toward a great site to help you with deciding if you should rent or buy.

Builders continue to build bigger more expensive homes. Does this strategy fit with what we have seen in the market over the last year?

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Freddie Macs 2016 Real Estate Market Predictions!

Lets talk about what Freddie Mac expects in 2016!

As one of the big players in lending and a government sponsored entity, it is always interesting to hear what Freddie Mac is expecting in 2016. Whether you are a buyer, seller, investor or real estate entrepreneur, it is always good to at least take a listen to what these folks are expecting.

In todays show we will discuss these predictions and see how they jive with what we have been seeing in the market. We will also introduce some interesting data regarding mortgage originations and existing home sales to see if they shed any more light on the issues that Freddie Mac is talking about in their projections.

Of course, MERRY CHRISTMAS EVE!

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