FHFA Doomsday

[jstoesz]

Hopefully Barry is not listening to AEI…Sometimes you wish think tanks would just shut up.

http://blog.american.com/2012/01/january-surprise-is-obama-preparing-a-trillion-dollar-mass-refinancing-of-mortgages/

[DomoArigato]

The Federal Reserve provided $15 trillion in bailout funds to the criminal banksters, so it’s only right that defrauded homeowners should also get a bailout. Plus, the Federal Reserve is sitting on $1.5 trillion in Treasury bills that they can sell to offset any rise in inflation that a trillion-dollar bailout to homeowners might cause.

If this trillion-dollar bailout goes through, I expect we’ll see a nice rise in the stock market this year and we’ll see interest rates start to rise as the Fed sells Treasuries.

Keynes was right.

[briansd1]

I think it would be a good idea to offer refis to responsible homeowners who are current, but who are stuck in high interest rate mortgage but can’t refinance to lower rates because of lack of equity or subpar credit.

Those homeowners have proven themselves by staying current on their mortgages all these years.

[SD Realtor]

What you are going to see this year from the GSEs will be nothing short of extraordinary. I think you will see things like 100% GSE backed financing. You will see non recourse loans. You may even see some pretty extreme measures to reduce inventory. I also believe you may see presidential mandates if there are problems passing through the legislature.

While there may be risk here, this may be the catalyst to get the economy moving.

This would lockup the election as well.

[paramount]

That’s the least he can do after signing the NDAA.

[briansd1]

[quote=SD Realtor]What you are going to see this year from the GSEs will be nothing short of extraordinary. I think you will see things like 100% GSE backed financing. You will see non recourse loans. You may even see some pretty extreme measures to reduce inventory. I also believe you may see presidential mandates if there are problems passing through the legislature.

While there may be risk here, this may be the catalyst to get the economy moving.

This would lockup the election as well.[/quote]

Does that mean we should buy now before house prices go up?

[jstoesz]

call me a socialist ( I have never been called that before), but I would rather have the government take over the home and rent it at a 4% interest rate for a basis of rent price. The moral hazard is too great!

[SD Realtor]

Does that mean we should buy now before house prices go up?

I cannot tell you whether to buy or not buy now. People do not just buy because of pricing. Right now I am in the midwest for an investor doing some work. I was at a meeting last night listening to some bigtime investors, (guys that have multiple thousands of apartments) and some of the things that they were saying pretty interesting stuff. This was not San Diego residential conversation but the things they were talking about were at the national level so it would be logical to infer that it will affect San Diego residential but not a guarantee. I already stated that the localized bottom in San Diego was most likely back in the end of 08 for most types of property.

The only thing I believe that will affect prices now are rates.

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