Posts By: Peter Miller

Are Real Estate Brokers An Endangered Species?

Some 18,000 people gathered in New Orleans this month to look at the future of real estate brokerage. Inside the massive Ernest N. Morial Convention Center booth after booth at the 2014 Realtors Conference & Expo extolled the joys and… Read More »

Are Car Loans The Next Lending Boondoggle?

Car loans are easy to get but mortgages are tight, at least according to a lot of chatter and complaint. But how can that be when money is money, home values are generally rising and unless you own a rare… Read More »

Mortgages: Do We Need Inflation?

Real estate needs a pick-me-up, something of a surprise considering that home values remain below 2007 prices and mortgage rates continue to hover around 4 percent. Bargain prices and discount mortgage rates should result in soaring sales but that isn’t… Read More »

Can ‘Lower Wealth Borrowers’ Save Real Estate?

We’re soon going to help “lower wealth borrowers” by making mortgages available with  just 3 percent down. That’s the word from Mel Watt, director of the Federal Housing Finance  Agency. Who are “lower  wealth individuals?” Those who are not rich… Read More »

Are Banks Smart To Haggle With The FHA?

The growing battle between the FHA and the lending industry could soon impact home sales and refinancing nationwide, a contest to win both hearts and minds not to mention loan originations worth billions of dollars. The basic dispute is this:… Read More »

The Myth of Ben Bernanke: The Man Who Can’t Get A Mortgage

Ben Bernanke, the former chairman of the Federal Reserve, can’t get a mortgage. This statement is complete nonsense, but nonsense being repeated to support the claim that mortgage underwriting is too tough and — of course — it’s the fault … Read More »

Did the HAMP Mod Program Delay the Foreclosure Crisis?

After the housing bubble burst in 2006, it ushered in the foreclosure crisis, with 5.5 million borrowers losing their homes to banks. Now that the foreclosure tidal wave has receded, most believe that the foreclose storm is over. Nationwide, foreclosure… Read More »

Why The Real Estate Market Remains Fragile

The foreclosure numbers look so much better these days that at first glance it’s hard to see any big national problems looming ahead. After all, as RealtyTrac points out, July foreclosure levels were 16 percent below a year earlier. But… Read More »

The New American Migration

If you’ve been watching the real estate reports for the last few weeks you know that a number of very bright spots have begun to emerge, local housing markets which are just booming. The housing resurgence is great for those… Read More »

Fannie Mae, Freddie Mac: Were They Ever Broken?

The government has collected more than $20 billion in the past year from lenders who sold allegedly-subpar mortgages and related securities to Fannie  Mae and Freddie Mac, with more settlements likely to come. When the Federal Housing Finance Agency (FHFA)… Read More »

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