Posted by Leonard Steinberg on April 25th, 2014 The number of mortgages issued has dropped dramatically compared to a year ago fueling concerns that rising interest rates could have a negative impact on the housing market in general…..the bulk of the drop is attributed to the drop-off in re-financing.  $235 billion in mortgage loans were… [Read More]
DOES GOVERNMENT STIMULUS FUEL HOUSING VALUES?
Posted by Leonard Steinberg on March 17th, 2014 Does Government stimulus fuel housing values? Apparently in the UK with its ‘HELP TO BUY” program the answer is YES: London housing prices surged 2.1% from February to a record this month, as the buoyant outlook spread to other parts of the country: annualized this equates to… [Read More]
BANKERS OUT OF CONTROL AGAIN? BANKER BUREAUCRACY?
Posted by Leonard Steinberg on December 7th, 2011 Are the banks messing things up again? Surely it makes sense to try shifting homeowners in trouble who cannot pay their mortgages into more affordable mortgages that may prevent foreclosure? Apparently not…. The Treasury Department said that JP Morgan is still doing a poor job helping people… [Read More]