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Posts Tagged ‘Lending’

Foreclosures, are they back?

The places with the biggest increases in foreclosures will blow your mind!

foreclosures

Are we seeing a resurgence of foreclosures? The data shows that in about 44% of metro areas, we are. We have talked a lot about pivot points in markets and where to find them. Well, I would absolutely call an increase in foreclosures a pivot point! In fact, right here on this show we speculated years ago that the bad lending practices we began to embrace about 6 years ago would come back to bite us in exactly this way. It sounds like we might have just been pretty close to right. While it is interesting that we are seeing this increase, it is some of the specific areas we are seeing it that is most revealing. I am willing to be that some of the areas that are at the top of this list will blow you away!

So tune in for our discussion of the recent increase in foreclosures.

Are renters becoming buyers? Is subprime lending out of hand?

Plus, more subprime lending evidence Lots of interesting data to cover today. Some of it a bit scary – like subprime lending practices. Some of it a bit encouraging. Here is the list of todays articles: More Lenders Easing Up Credit Standards Spike in Renters Looking to Buy Reis: Apartment Vacancy …

Today Links:

  • https://www.attomdata.com/news/market-trends/foreclosures/july-2018-u-s-foreclosure-market-report/

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#babyboomer, #realestate, #foreclosure,#foreclosures

The lending insanity continues!

Lenders proudly market on insane lending standards!

lendingOur good buddy Scott in Sacramento reached out to me via email to share a truly startling email that he got from a lender recently. It included information that he celebrated, but should scare the hell out of anyone who actually wants a more healthy lending environment.

I will also give an update on my progress getting my home for sale. I feel like I am getting close and I am still shooting for a sale by October! I will share the latest in todays show.

Finally, we will talk about some crazy credit info, some scary pension data and how much someone needs to earn as a household to buy a home in my market. It is nuts!

Todays Links:

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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!


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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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Mortgage lending risk is up in Q1 2017

We called it, mortgage lending risk is up – like early 2000s up

mortgage lending riskYes, we are lending like its 2003 and we should be worried about that! The latest numbers shows that mortgage lending risk is on par with that time when we were paving the way to the big bust of 2007-2008.

We will also take some time to chat about Phoenix – since that tends to be one of our canary in a coal mine cities. We also take a little time to discuss strategies to battle markets that just don’t have any inventory.

Todays articles:

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, …

Please help the show 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!

Subscribe to Audible! Claim your FREE BOOK and 30 day trial!

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