Random Feed wrote an interesting post today on
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So, the home buyers tax credit is in the news again and it’s becoming quite controversial… Proponents would like to see the program extended well into next year and have the credit expanded to $15,000 (or more), removing the first-time home buyer requirement which, by the way, really didn’t restrict this to new home buyers at all, just those who hadn’t owned a home in the last three years. The most cogent argument against the government providing expanded subsidies for its citizens to buy pr

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Random Feed wrote an interesting post today on
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FHA, VA or USDA home mortgage loans have financed 59% of this year’s sales according to a recent survey of home builders. Diana Olick of CNBC presents a great chart of the survey completed by John Burns Real Estate Consulting. The chart shows the regional breakdown of the government’s efforts to help the housing market. Just a few short years, after the beginning of the Subprime Mortgage Crisis, we are now finding out that 59% of new home buyers are putting less than 5% down on their homes

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Random Feed wrote an interesting post today on
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Heads up folks, there is a new wrinkle in the housing market and it is going to make borrowing (and closing home sales) harder. The FHA is tightening their lending requirements in the face of losses in the past year. We have had 2 big drivers of the housing market in the past year. The FHA taking up the lending slack for marginal buyers and the $8,000 rebate for new home buyers. We all know that the home buyers rebate is going away at the end of November, and now we are looking at the FHA’s t

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Random Feed wrote an interesting post today on
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MIKE WHITNEY Counterpunch Monday, Sept 14th, 2009 The slight rebound in housing looks a lot different when one considers how much the Fed is meddling in the market. Fed chair Ben Bernanke has purchased $240 billion in US Treasuries to keep long-term interest rates artificially low while–at the same time–buying $740 billion in Fannie Mae and Freddie Mac mortgage-backed securities (MBS) to provide the financing for new home buyers. It’s the double-whammy; and that’s not all. Bernanke plans

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
The slight rebound in housing looks a lot different when one considers how much the Fed is meddling in the market. Fed chair Ben Bernanke has purchased $240 billion in US Treasuries to keep long-term interest rates artificially low while–at the same time–buying $740 billion in Fannie Mae and Freddie Mac mortgage-backed securities (MBS) to provide the financing for new home buyers. It’s the double-whammy; and that’s not all. Bernanke plans to continue buying agency MBS (monetization) until he rea

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