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Posts Tagged ‘freddie mac’

Fannie and Freddie say we can skip appraisals!

As long as the loan to value ratio is low enough, Fannie and Freddie are Ok with skipping appraisals.

appraisals

These guys are going to be the death of us.

So in todays show we are going to take a look at this interesting decision from Fannie and Freddie regarding home appraisals. It is always good to ask some fundamental questions with things like this. Things like “What problem does this solve?” or maybe “Does this introduce more risk than it does reward?”. We will run through the process and you can decide for yourself whether or not this seems like a smart play.

Todays Links:

  • https://www.housingwire.com/articles/41061-fannie-mae-joins-freddie-in-allowing-appraisal-free-purchase-mortgages
  • http://realtormag.realtor.org/daily-news/2017/08/21/new-program-help-buyers-bypass-appraisals

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Freddie Mac and the 1% loan

Freddie Mac is changing its policy on 1% loans

freddie mac

These guys are going to be the death of us.

Finally a small, but appreciated, move toward sanity in the lending world. We will cover the policy change being made by the folks at Freddie Mac.

Fannie Mae is moving forward with the increase in the required debt to loan ratio. We will talk about how that will impact the real estate market.

Finally, a few words about unemployment and the challenges it faces and how that directly effects the world of real estate.

Todays Links:

HELP THE SHOW GROW by filling out the audience demographic survey by clicking the button at the top of the page titled “Take the survey to support the show“. Follow the prompts and this will automatically enter you for a chance to win a $50 Amazon Gift card!

Interested in getting free content, advanced notice of upcoming events and real estate exclusives? Then simply join the Rebel Underground by texting the word ‘rebelbroker’ to 44222 – or click the button below. When prompted, text your email address and you are in!

JOIN THE REBEL UNDERGROUND!


SPONSOR

Audible.com – Audible is offering real estate realities listeners a free audiobook of your choice and a free 30-day trial membership. Just go to http://audibletrial.com/rebel and choose from over 180,000 audio programs – download a title free and start listening!

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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!

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