Mark Johnson

For licensing info, go to CMG Home Loans is an Equal Housing Lender. NMLS #4150225.

[Cassandra Unchained @michaeljburry]

Open Letter on Housing, Fannie & Freddie
@realDonaldTrump @pulte @SecScottBessent @FHFA @USTreasury $fnma $FMCC

We studied housing square footage per capita adequacy, and found that there is no problem there. The US in fact has more residential square footage per capita than any other country in the world. This is not a housing shortage, despite what so many say.

The problem is that bigger houses are inefficiently housing fewer people. The post-COVID low rate environment locked people into a lifecycle real estate position. Empty nesters can't sell, first time home buyers cannot buy. Second-hand home inventory is near all-time lows due to record low supply, not record demand. Prices are high due to the same reason.

Home equity is now a record $35 trillion, nearly doubling pre-COVID levels. 40% of homeowners own their homes free and clear - a record. And about 30% of all home buyers pay for homes without borrowing. Older homes were upgraded at a record pace during COVID, extending and refreshing the usefulness of residential real estate.

Artificially low interest rates, ~$6-7 trillion in helicopter cash and forgivable loans helped drive both the home updates and high housing prices.

Work from home moved the office into the home, often expensed or deductible. People with white collar jobs and means chose to live/work in exotic or remote locations.

All of this together does not speak of a housing shortage, or a housing problem.

Instead it is a problem of current residential space allocation and mobility, and this problem was created by government manipulation of interest rates, cash money supply, and COVID lockups that went on too long and changed work/home behavior.

Government created the problem and now maintains policies that prevent free markets from reaching a solution, not the least of which is keeping the GSEs inefficiently run while in conservatorship. Recall Pulte's video upon arriving at Fannie Mae - no one was in the office buildings. The companies have become atherosclerotic, inefficient government programs, while a decade of financial engineering optimized for homeowner wealth accumulation rather than housing market velocity/mobility/fluidity.

Government must fix this problem by facilitating efficient re-allocation of housing stock with higher housing velocity/mobility through the release of the GSEs into free markets.

This is a problem made for the GSEs. Through well-targeted programs, the GSE can help the free market find spaces to intelligently reallocate , and help US citizens with housing mobility.

Building more new overpriced, poorly built homes in increasingly dangerous flood zones and other hazardous fringe areas is not the solution. It adds to the problem through high maintenance burdens on new homeowners with little equity in their homes.

Rather, to build mobility/velocity of homeowners and housing space, the GSEs need to be recapitalized and retain easy access to capital markets. They also need to be run by real mortgage executives, not government functionaries.

To achieve this they need to exit conservatorship in a manner that excites markets to fund these companies, now with guidelines to prevent risk-taking outside of their purpose, and grow their purchases of mortgages of well-targeted specification.

I should have written this into the Recurrence piece itself.

[Mark Johnson @mjloans]

@Cnnnewsnight you need to lose @bungarsargon She’s delusional and makes your show unwatchable.

[Mark Johnson @mjloans]

@DHSgov @DHSgov you know your days are numbered. The parades for your funerals and incarcerations will be a party to behold.

[Governor Newsom Press Office @GovPressOffice]

What if we give you another $50,000 in a paper bag?

[Mark Johnson @mjloans]

@GavinNewsom @JDVance @JDVance is a weasel. He’ll never show up. Piece of shit!!

[Mark Johnson @mjloans]

@DHSgov What did you expect? You are the filth! You are pigs! I hope everyone of you masked motherfuckers get what’s coming to you? Just following orders hey?!

[Mark Johnson @mjloans]

How do we stop ICE? Where do we go tomorrow to make a stand?

[Mark Johnson @mjloans]

@Dodgers Pathetic weak response. Categorically make a statement that the actions of the administration and ICE are wrong.

[Mark Johnson @mjloans]

@KenTurner7 @LeadingReport Dickhead!

[Mark Johnson @mjloans]

@PregnantRedhead @LeadingReport You have no clue.

[Mark Johnson @mjloans]

@StephenM Fuck the tax cuts. We need to balance the budget and everyone needs on pay their share. No tax on tips and OT is a disgrace. Close some tax loopholes. Stop spending. Forget the deportations. Yes, deport the criminals. Find a way for the rest to pay taxes and become residents.

[Mark Johnson @mjloans]

@Ryan_In_Mi @SadRepublican75 @krassenstein You don’t know what you’re fucking talking about. What bubble do you fucking live in?

[Mark Johnson @mjloans]

Ashley, we are grateful for your positive feedback!

Difficult loans? When big banks say no, we say YES! Call our team today:
Mark Johnson
Sales Manager, NMLS# 244919
CMG Home Loans
818-532-1218
[email protected]
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#loanofficer #homeloans #mortgage #ventura

[Mark Johnson @mjloans]

@WhittierScanner Do we know the cause of the fie yet?

[Mark Johnson @mjloans]

@alexdatig The wind is set to shift to onshore Thursday pm. They will have to contain the eastern flank well before or it could threaten Topanga.

[Mark Johnson @mjloans]

#franklinfire is one Canyon over from Topanga. Holding the east line on that fire is critical. No wind shift for 36 hrs is a plus. #canyonviewranch

[Mark Johnson @mjloans]

Craig, we are so happy we could make this loan happen for you!

Difficult loans? When big banks say no, we say YES! Call our team today:
Mark Johnson
Sales Manager, NMLS# 244919
CMG Home Loans
818-532-1218
[email protected]

[Mark Johnson @mjloans]

@JoeyMannarinoUS These rates are near historical norms. Rates after the financial crisis in 2008 and following Covid were not.

[Mark Johnson @mjloans]

@BillAckman @realDonaldTrump @BillAckman I have no doubt that the media and many bad actors have manipulated on both sides. However, still doesn’t change Trump’s lack of moral character, divisiveness and unsuitability to be president.