By The Tim on October 27, 2011
Okay, as long as we’re talking politics this week, let’s just dive in head first. I’d like to discuss the latest federal “relief” plan that made news this week. Here’s an AP story from Monday: Obama Offers Mortgage Relief on Western Trip LAS VEGAS — President Barack Obama offered mortgage relief on Monday to hundreds [...]
Posted in News, Opinion | Tagged bailout, government_meddling, HARP, Obama, politics
By The Tim on December 8, 2010
Jon Talton over at the Seattle Times pointed me toward an interesting paper by Amherst Securities Group titled The Housing Crisis—Sizing the Problem, Proposing Solutions (pdf). Here’s their conclusion (emphasis mine): If governmental policy does not change, over 11.5 million borrowers are in danger of losing their homes (1 borrower out of every 5). Politically, [...]
Posted in News, Opinion | Tagged bailout, Economy, foreclosures, government_meddling
By The Tim on September 18, 2009
Three facts: Nearly 7% (and rising) of FHA loans are currently in default (source). The FHA has cash reserves of less than 2 percent (and falling) of the total value of loans they guarantee (source). FHA currently makes about 23% (and rising) of all mortgages in the USA (source). Here are those first two points [...]
Posted in News | Tagged bailout, FHA, foreclosures, subprime
By The Tim on April 5, 2009
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 04.11.2009.
Posted in Polls | Tagged bailout, government_meddling, Polls
By The Tim on March 30, 2009
Just a quick comment on one aspect of Obama’s just-announced plan to “see the auto industry through these difficult times.” I’ll keep this brief since it has little to do with either real estate or the Seattle area. Here’s a portion of the president’s speech: …the IRS is today launching a campaign to alert consumers [...]
Posted in News | Tagged bailout, cars, government_meddling, Obama
Comment of the Week: Impulsive Behavior Disorder
By The Tim on August 28, 2009 | 198 Comments
This comment of the week is brought to you by Jonness: All’s I know is my household income is 6 figures, I have no kids, I have 20% down, and I still don’t feel like I can afford a house priced $400K. How people are pulling the FHA trigger with 3.5% down and $70K in [...]
Share:
Posted in Features | Tagged affordability, bailout, banks, comments | 198 Comments