For all of you who think that investing in real estate right now is perfect becasue the govt has a silver bullet think again: Diana Olick from CNBC had this report…………
My question is given this information does the government really have the ability to keep people out of default once much less twice?
“After three months, nearly 36 percent of the borrowers had re-defaulted by being more than 30 days past due. After six months, the rate was nearly 53 percent, and after eight months, 58 percent.”
Dugan was speaking at the Office of Thrift Supervision’s National Housing Forum. All the headliners were there: FDIC Chairman Sheila Bair, the OTS’s John Reich, the Fed’s Donald Kohn, FHFA Director James Lockhart, to name a few. Unfortunately, none of them could give a definitive answer as to why all those loans are redefaulting, not even Dugan.
“Is it because the modifications did not reduce monthly payments enough to be truly affordable to the borrowers? Is it because consumers replaced lower mortgage payments with increased credit card debt? Is it because the mortgages were so badly underwritten that the borrowers simply could not afford them, even with reduced monthly payments? Or is it a combination of these and other factors?”
For all of you who think that investing in real estate right now is perfect becasue the govt has a silver bullet think again
There are some areas and circumstances that make sense to buy now. But the reason it makes sense has nothing to do with silver bullets possessed by the government.
It has more to do with favorable cash flow compared to renting.
For all of you who think that investing in real estate right now is perfect becasue the govt has a silver bullet think again
There are some areas and circumstances that make sense to buy now. But the reason it makes sense has nothing to do with silver bullets possessed by the government.
It has more to do with favorable cash flow compared to renting.
For all of you who think that investing in real estate right now is perfect becasue the govt has a silver bullet think again
There are some areas and circumstances that make sense to buy now. But the reason it makes sense has nothing to do with silver bullets possessed by the government.
It has more to do with favorable cash flow compared to renting.
For all of you who think that investing in real estate right now is perfect becasue the govt has a silver bullet think again
There are some areas and circumstances that make sense to buy now. But the reason it makes sense has nothing to do with silver bullets possessed by the government.
It has more to do with favorable cash flow compared to renting.
For all of you who think that investing in real estate right now is perfect becasue the govt has a silver bullet think again
There are some areas and circumstances that make sense to buy now. But the reason it makes sense has nothing to do with silver bullets possessed by the government.
It has more to do with favorable cash flow compared to renting.
.
