New Housing Refi Program That's Doomed From The Start!!

Here we go again!! Another stupid idea that has no chance for success! The downside would be catastrophic!!!



Mathews Realty Group

Amplify’d from www.dsnews.com

Government Officials Weigh New Refi Program

Word on the street is that the Obama administration is sizing up a new program to shore up and stimulate the housing market by providing millions of homeowners with new, lower interest, lower payment mortgage loans. According to multiple media outlets, the initiative would allow borrowers with mortgages backed by Fannie Mae and Freddie Mac to refinance at today’s near record-low interest rates, close to the 4 percent mark, even if they are in negative equity or have bad marks on their credit. Read more at www.dsnews.com

 

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Newbie Property Investors Taking The Plunge

PLUNGE! A Great word and description for anyone who might be thinking about getting into this market. A word of caution, should be understood, before you jump in. Find a qualified Mentor who will share their expertise with you One on One! Not some get rich seminar Guru, who could care less about your success.



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Investment Services

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Amplify’d from www.marketwatch.com

More first-time property investors in the market

One of the most common mistakes made by first-time property investors is submitting an unrealistically low offer, according to the ERA survey. Thirty-one percent of respondents said lowballing on the price is a first-time buyer’s most common misstep. Meanwhile, 23% said that the most common mistake was not calculating maintenance expenses versus rental income.

With rents on the rise, property prices at or near lows and favorable financing terms, more Americans are thinking it’s time to buy a rental property. Read more at www.marketwatch.com

 

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Smart Sensible Plan For Depressed Housing Market!

Finally, someone with a street smart, common sense plan to revive the housing

market. I've said all along that the only way to get the housing market back to stability is to loosen regulations and give the Investor an incentive to make a difference in the market. The only downside I see however, is with the Banks and Lenders, who up till now are the one's calling the shots. Without a "You Must Do This or else" clause in the bill, this program will do down in failure, just like all the rest!! RIP!!

Amplify’d from www.dsnews.com

New York Congressman to Propose Down Payment Subsidy

Addressing 3 million properties currently depressing the market, Ackerman proposes a subsidy of up to $20,000 for down payments on foreclosed homes bought by owner-occupants and a tax incentive for investors who purchase foreclosures for rental properties. Read more at www.dsnews.com

 

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My Home Is My Castle! Not An Investment!

Owning a Home is perhaps the most rewarding decision one can make!

A Home is a place to live. Raise a family. It provides a sense of Pride and security for the long term. Today's Buyers, now more than ever, should never forget!!!



Mathews Realty Group

Amplify’d from firsttuesdayjournal.com

Homeownership: a piggy bank investment

It should come as no surprise in the current economic climate to hear that a professor of economics does not consider a home purchase to be a lucrative investment. But the assertion that purchasing a single family residence (SFR) has never been a sound investment could come as a shock to a nation that has always believed in the myriad virtues of homeownership — not the least of which has been the idea that if all else fails a profit may be turned by selling their home. Read more at firsttuesdayjournal.com

 

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Say Goodbye To Your 401K-Again!

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Amplify’d from www.benefitspro.com

One step forward...volatility hits 401(k) plans

Just when they thought it was safe to go back in the water, many 401(k) investors who were regaining their comfort level with the stock market took another hit. Read more at www.benefitspro.com

 

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Fannie & Freddie May Be Your New Landlord!

Dear Senator Reed

Good intentions - Ridiculous and pardon my language, Stupid idea.



Sincerely,



Mathews Realty Group

Amplify’d from www.dsnews.com

Senator Reed Urges FHFA to Require GSEs to Rent Foreclosed Properties

Senator Jack Reed (D-Rhode Island) has sent a letter to the director of the Federal Housing Finance Agency (FHFA) recommending the agency require Fannie Mae and Freddie Mac rent out foreclosed properties rather than immediately attempting to sell them at bargain prices. Read more at www.dsnews.com

 

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Hollywood Setting Stage For Bin Laden Flick!

Amplify’d from content.usatoday.com

Obama campaign to get big-screen bin Laden boost?

And it's going to be released less than a month before Election Day 2012. Read more at content.usatoday.com

 

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Fannie Mae Needs More Tax Payer $$!

The never ending saga continues for Fannie Mae and Freddie Mac! How long can we keep bailing them out? The Quote this time is: "Things will get better by 2012"? Some how, I find that hard to believe, when 7 million homes are currently in foreclosure with millions more sitting on the books of all the major financial institutions! The so called Bank Owned - "Shadow Inventory".



Mathews Realty Group

Amplify’d from www.bizjournals.com

Fannie Mae needs another $5.1 billion in aid as more loans sour

National mortgage financing company Fannie Mae ended the second quarter with a negative net worth of $5.1 billion and posted a $2.9 billion loss as more loans on its books went bad. Read more at www.bizjournals.com

 

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Mortgage Rates & Home Ownership Myth!

This is an excellent article showing the correlation between today's current mortgage rates, home prices and home ownership affordability. Not since the 1950's has buying a home been more favorable.



Mathews Realty Group

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Amplify’d from seekingalpha.com

U.S. Real Estate Market: End of an Era

Not a day goes by without some guru on CNBC complaining about how difficult it is to qualify for a mortgage these days. That is total baloney. The documentation and verification may be cumbersome, but loans have never been easier to qualify for.

We have reached the end of an era of the real estate market as we have known it. What eventually emerges from the other side is anyone's guess. Read more at seekingalpha.com

 

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Five Year Lease Agreement to Rent Your Own Foreclosure?

Yes it's true!! And we wonder why it took so long to raise the debt ceiling. This is perhaps the most ridiculous idea I have yet! It seems that no one ever considers the downside when they come up with these band aid fixes. Stupid!, Stupid!, Stupid!



Mathews Realty Group

Cash Flow Property Investments

Self Direct IRA/401K Purchase Plans

Amplify’d from www.dsnews.com

Bill Introduced to Support Foreclosure Rentals

The Neighborhood Preservation Act (H.R. 2636) would authorize FDIC-member banks, Fannie Mae, and Freddie Mac to enter into five-year lease agreements to rent REO properties back to the foreclosed homeowner or another individual.

News surfaced last month that the administration was considering such a policy for Fannie and Freddie. Now, Rep. Miller wants to enact it with legislation. Read more at www.dsnews.com

 

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