Jan 282015
 
Mortgage Refinance: Loanowner bailouts were designed to benefit banks, an insider's view

The bubble collapse was rife with denial caused by false rumors of homeowner bailouts. Many homeowners held out hope that if they could just keep current on their mortgage long enough, the government would come to their rescue in the form of a mandated bailout program.  Many such programs were … – Loanowner bailouts were designed to benefit banks, an insider’s view


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our

Jan 282015
 
Bubble News: Regulatory Solutions to Prevent the Next Housing Bubble

The regulatory solution proposed herein is simple, yet far reaching. It comes in two parts, the first is to limit the amount lenders can loan to borrowers with a rather unique enforcement mechanism, and the second is to increase the penalties for borrowers who commit mortgage fraud. The… – Regulatory Solutions to Prevent the Next Housing Bubble

Visit the OC Housing News, and read our blog. Learn why you should use a home guide. Meet our home guides and housing market analysts, and read our testimonials. Discover

Jan 282015
 
OCHN: Are Orange County homebuilders over-supplying the market?

Rising mortgage rates will reduce sales volumes on new construction and prompt builders to offer more incentives and prevent them from raising prices.

Homebuilding usually leads the economy out of recession. The Great Recession did not end with a building boom largely because of … – Are Orange County homebuilders over-supplying the market?


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our re

Jan 272015
 
Mortgage equity withdrawal returned in 2013

Our economy depends on Ponzi borrowing to the point that the government actually encourages this behavior despite the fact that millions lost their homes because of it. The ability to freely access and spend home equity creates moral hazard. It encourages over-borrowing and overpaying. It was one of the primary contributors to the housing bubble. The desire for HELOC booty motivated the foolishness. Many people run up $10,000 to $15,000 per year in credit card debt because they are fiscally irresponsible and fail to live within their means. During the bubble, loan owners would go to the housing ATM machine, [Read More…]

Jan 272015
 
OCHN: CFPB launches new mortgage interest rate checker

Consumer Financial Protection Bureau launched a controversial mortgage interest rate checker to protect customers from rate-gouging lenders.

The more information consumers have, the better decisions they make. When I launched the new system on this site that provides detailed cost of … – CFPB launches new mortgage interest rate checker


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our real

Jan 262015
 
USA Foreclosure: California home sales plummet 8% in May 2012, spring rally slumps

Quite predictably, pending home sales have declined precipitously due to the lack of available inventory. Lenders have a variety of reasons for withholding inventory right now, but among the biggest reasons is their desire to cause house prices to bottom. Lenders make the false assumption that… – California home sales plummet 8% in May 2012, spring rally slumps


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our

Jan 262015
 
Renter News: Strategic default is moral imperative to prevent future housing bubbles

The fear of strategic default is a necessary deterrent to foolish lending. Without it, lenders are emboldened to make all manner of bad loans because they believe they will get paid back. Lenders will make nearly any loan if they believe they will get their money back with interest. It’s… – Strategic default is moral imperative to prevent future housing bubbles


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our

Jan 262015
 
OCHN: Six factors that could weaken housing in 2015

Several factors could weaken the market, but the forced repatriation of foreign investment has the potential to really flatten house prices.

With mortgage interest rates dropping below 4%, and with an improving economy, the housing market starts 2015 with a small boost as compared to the … – Six factors that could weaken housing in 2015


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our real estate agent tes

Jan 242015
 
OCHN: Las Vegas Investment Fund Opportunity

Established fund with fully-rented properties is reopening for investment.

A number of investors have asked to redeem their shares in my Las Vegas fund. Rather than sell properties, I am looking for replacement investors to take their place.

Expected 8% to 10% yearly returns; 4%-5% cash, … – Las Vegas Investment Fund Opportunity


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our real estate agent testim

Jan 242015
 
RE Ruin: 100% Financing Ruined the Housing Market

Once 100% financing became widely available, it was enthusiastically embraced by all parties: the lenders suddenly had a huge source of new customers to generate high fees, the realtors and builders now had plenty of new customers to buy more homes, and many potential buyers who did not have… – 100% Financing Ruined the Housing Market

Visit the OC Housing News, and read our blog. Learn why you should use a home guide. Meet our home guides and housing market analysts, and read our testimonials. Discover

Jan 232015
 
Debt Default: DeMarco prepared for final shutdown of GSEs

Of all the people who’ve played a role in the housing bubble and its aftermath, the one who continually impresses me is Edward DeMarco, conservator for the GSEs. He is a career bureaocrat who was placed in charge of the GSEs when they were taken into conservatorship in 2008. He has … – DeMarco prepared for final shutdown of GSEs


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our real estate agent te

Jan 232015
 
Housing Market: What is the minimum level of housing quality people are entitled to?

If you ask many middle-class loanowners in coastal California, and they will tell you that they are entitled to a 2,000+ SF detached single-family home pimped out with pergraniteel — and they will really mean it. The sense of entitlement in coastal California is appalling to anyone viewing… – What is the minimum level of housing quality people are entitled to?


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our

Jan 232015
 
OCHN: Did Obama reverse 100 years of housing policy by saying nothing?

The US needs to rethink it’s policies toward home ownership and housing subsidies. Some are suggesting Obama’s silence signals a radical change.

Every presidential administration of the last 100 years has promoted home ownership. The ideal of homeownership has become so sacrosanct that … – Did Obama reverse 100 years of housing policy by saying nothing?


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our

Jan 222015
 
Real Estate Loan: Credit availability will get even tighter in 2013

Credit standards are not tight by historic standards. Compared to the complete lack of enforced standards of the housing bubble, credit is very tight, but compared to what preceded the housing bubble, credit standards have merely reverted to what was normal. Prior to the housing bubble, lenders… – Credit availability will get even tighter in 2013


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our

Jan 222015
 
OCHN: Why do homebuilders consume so much optimistic bullshit?

Homebuilders believe the feel-good nonsense printed in trade journals and industry media outlets and often rely on this information to make bad decisions.

“Freedom is the right to tell people what they do not want to hear.”

George Orwell

As someone who worked in the homebuilding … – Why do homebuilders consume so much optimistic bullshit?


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our

Jan 212015
 
Housing Forecast: Failed Bailouts and the Neverending Mortgage Crisis

At the core of every con is a dream. A con artist tempts a victim with dreams of riches or power to come in order to get them to do something today. It wasn’t long ago it was only realtors and mortgage brokers who sold the dream. Now, our own government is joining the choir. Over two years… – Failed Bailouts and the Neverending Mortgage Crisis


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our

Jan 212015
 
Bubble News: The 10 biggest obstacles to reflating the housing bubble

The federal reserve in conjunction with government officials are working diligently to reflate the housing bubble. Banks are still exposed to $1 trillion in unsecured mortgage debt, so reflating the bubble is considered necessary to restore collateral backing to lender’s bad loans. Whether… – The 10 biggest obstacles to reflating the housing bubble

Visit the OC Housing News, and read our blog. Learn why you should use a home guide. Meet our home guides and housing market analysts, and read our testimonials. Discover

Jan 212015
 
OCHN: Mortgage insurance companies sue former homeowners

Mortgage insurers have the right to collect from former homeowner on losses the mortgage insurer incurred in a foreclosure.

Whenever a purchase or refinance transaction amount exceeds 80% of the value of a property, the lender will force the borrower to purchase private mortgage … – Mortgage insurance companies sue former homeowners


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our real e

Jan 202015
 
Mortgage Foreclosure: California legislators are terrible real estate investors

The people we elect to public office should set a higher standard for conduct than ordinary citizens. If we are to trust them to make laws governing the rest of us, we should be able to rely on them to follow the rules rather than gaming the system to their advantage. Unfortunately, that’s… – California legislators are terrible real estate investors


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our

Jan 202015
 
The home mortgage interest deduction was in danger

Do we really need to give high wage earners a huge tax break as an encouragement to take on excessive debts? That’s what the home mortgage interest deduction really does. If the deduction were eliminated, home values in areas like Orange County populated by high wage earners would drop to establish a new equilibrium, but nobody would go without. In fact, the home mortgage interest deduction does little or nothing to increase home ownership rates because the low wage earners at the fringe of affordability don’t use the deduction anyway. Studies have show home ownership rates are just as high [Read More…]