Could the new Qualified Mortgage (QM) rule bring about a dangerous housing bubble?
An alternative to purchasing a house onn the open market is to purchase family-owned property. Buying a family-owned home allows the buyer and the seller to directly set the purchase price between themselves.
As the political showdown over the United States budget deficit continues with the early days of the sequestration, government agencies are beginning to asses the impact of the sudden spending cuts.
(AEI - American Enterprise Institute) -- Today, the National Association of Realtors (NAR) will be running its third ad presenting what it calls “FHA Facts“. The NAR apparently supports the FHA’s decades-long loan insurance nightmare that has resulted in an estimated 3.2 million dashed homeowner dreams since 1975. This represents a failure rate over 37 years of 1 in 7 families who have gotten an FHA loan. This is nothing short of scandalous.
As constrained as the residential mortgage lending marketplace has been since the industry-wide collapse of 2008, many lenders have been able to enjoy pretty handsome profit margins in the secondary securitization market.