4.5% Interest Rates

There has been a lot of buzz going around about a plan to reduce mortgage rates to 4.5%. While none of us knows what is going to be implemented, I can say that I don’t believe 4.5% interest rates are going to save the housing market because low rates do not address the root [...]

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Low Rates Won’t Fix the Housing Market

USAToday has a front page article today discussing how the increase in interest rates over the past week are threatening the turn around of the housing market.   I take issue with the article because it oversimplifies some of the issues the market is facing right now and also shows how disconnected people who don’t write [...]

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What I Could Do With $700 Billion…

I am not too pleased about the yet to be defined $700 billion dollar bail out that Henry Paulson is proposing.  First, I believe the banks made their bed so they need to lay in it.  Second, I am not sure this is going to do anything to actually stabilize the housing market.  I believe [...]

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Was Wall Street Really That Clueless?

One of the things I have not been able to figure out since the subprime mess went down is if Wall Street really was just blindsided by the subprime loans or did they know the bag of shit they were buying would soon start leaking and funk up the place.
My gut reaction is that Wall [...]

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The Media Just Doesn’t Get it… More Mortgage Broker Bashing

I was going to write something on how to read Good Faith Estimates (GFEs), but an article on CNNMoney.com caught my eye.  As you know, I have been pretty critical of the mainstream media in their reporting of mortgage issues.  Mainly because they don’t have a freaking clue.  This article is yet another piece that [...]

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