Bank Analyst: Dodd-Frank killed low-income lending

Posted by & filed under Stockton Real Estate.

Congress enacted the Dodd-Frank Act three years ago to remedy lending excesses that took root prior to the financial crisis, but the real outcome of this intervention is a modern mortgage market where big banks can no longer lend to lower- and lower-middle class borrowers, banking analyst Dick Bove with Rafferty Capital Markets said Monday. […]

Breaking Bad, Meth Houses and Real Estate

Posted by & filed under Stockton Real Estate.

By Ryan Lundquist The series Breaking Bad just finished up yesterday. Everyone is talking about it, so I wanted to pitch in a few thoughts from a real estate angle. Buying a Meth House: Would you buy a house that was previously used as a meth lab? Most people probably wouldn’t because of the fear […]

HUD proposes QM definition

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HUD rolled out a proposal to define a qualified mortgage that would be insured, guaranteed or administered by the housing agency, including single-family mortgages insured by FHA. …read more

Entrust Your Retirement to ……Yourself! – The Roanoke Star

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Entrust Your Retirement to ……Yourself!The Roanoke StarVarious municipalities like Detroit and Stockton have been forced into bankruptcy due to unfunded pension liabilities and corporate and union plans have fared no better. Chicago’s long-time Mayor Daley gamed the … We must develop a budget featuring … …read more

Agency MBS bets net Pimco huge profits

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While the Federal Reserve has been playing “buyer of last resort” in snapping up agency mortgage-backed securities throughout the crisis and beyond — through three successive rounds of so-called quantitative easing — the government hasn’t been the only buyer. …read more

Shiller: Housing warms up, but no bubbling

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The talk of whether there is now a new bubble in housing is becoming cocktail-party discussion fodder yet again. But is there actually a bubble? Yale economics professor and co-namesake of perhaps the most popular housing price index (the S&P/Case-Shiller HPI) weighs in on the topic this weekend in an op-ed in The New York […]