Everyone called me nuts for wanting an audit of the $FNMA $FMCC common trades.
@michaeljburry and @BillAckman pumped those stocks and made money off the unsuspecting retail investor.
Now Burry is telling you they’re worthless a few months later.
AUDIT TIME.
@PeterSchiff I used to have hope but its gone. Ill hold shares cause I got them cheap. Administration, atleast not this one or prob next arent cutting off this cash cow and power
I think Super Intelligence will lower costs in title, mortgage insurance, credit bureaus, scores, and way more. Some of these companies, I think, will not survive with their ridiculous pricing and marginal value add. This will be of benefit to Americans! AMERICA FIRST!!!
@hilljack64@WallStreetMav Is it an uneducated take u have or u simply dont care others are struggling. I dont know.. you are just leaving off things like. Values were dramatically lower and dollar buying power was much stronger.
generation coming up be fine w high rates and a 60% cut in values.
@parkerjlathrop@EsqHardy@InTheAssembly They like to not include that in their "oh rates arent that bad" nonsense.
Yeah 8% not bad when the house is 200k value less
Is this accurate about Experian and the Credit Bureaus?
“The credit reporting bureaus have increased the price of credit reports by 400% over the past decade, they've simultaneously off-shored their workforce. Some 73% of Experian employees, for example, are outside the U.S.,
according to BAC.”
This will help keep spread tight but unfortunately the yield will continue to rise especially as oil rises. Bessent buying Treasuries isn’t doing anything as the market doesn’t like/trust the US debt and wants higher yields which means higher mortgage rates.
Here’s an idea which will have direct impact on CJ sumer.
1. Increase the allowable seller concessions on conventional from 3% to 9%on owner occupied and investment.
2. Proviide a tax deduction to sellers who provide concession
3. Allow concessions to be used towards buying down rate/closing costs / or paying off buyers debt(which is currently allowed on VA program
Concessions have more impact on lowering payments than does a $10,000 price reduction
@SnagsLewis1978@pulte I dont think any administration is giving up this cash flow and power. I dont see them releasing them. I had hope it was coming but just dont see it ever happening
30-year 7.17% Mortgage accelerates USA renter nation phenomenon. Persistent higher rates crush home sales, prevents new construction loans resulting in declining new supplies. This will mean higher prices & higher rents going forward.
Home owners that have to sell will forfeit their equity & those that don’t will do nothing. Until existing homes sell you will not see lower prices.
Bad for homebuyers, bad for home sellers, terrible for builders and good for landlords.
The Mortgage Insurance Companies make incredible amounts of money and have truly unbelievable PROFIT percentages as a percentage of revenue. I am asking Mortgage Insurance Companies to allow savings for Consumers where proper and appropriate.