May 24 2010

Why strategic defaults benefit the dialog on housing. Strategic defaults moving faster than HAMP modifications. The movement for stronger mortgage requirements.

I know many of you have strong opinions regarding strategic defaults.  People have a hard time blending in moral and financial obligations.  It really is a fine balance and public discourse gets muddied with emotional arguments to a somewhat obvious economic issue.  The housing market has not been normal for over a decade.  Even today […]

May 10 2010

Strategic Defaults go Mainstream – Why the strategic default trend shows us the need for larger home buying down payments.

You know something has gone mainstream when it hits 60 Minutes.  The latest episode on 60 Minutes discussed the topic of strategic defaults and how 1 out of 5 current foreclosures are actually occurring because people are voluntarily choosing not to pay their mortgage.  This is a trend that started last year and has picked […]

Jan 11 2010

The Option ARM Day of Reckoning for California is Here: 60-Month Window Opens for $134 Billion in Recasts. Why Option ARMs will hit Mid to Upper Priced Homes.

The day of option ARM reckoning is now here.  The 60-month window on many of these loans is now over and we are going to enter the first major waves of recasts.  In the next two years $134 billion in option ARMs will hit their first recast.  This might seem like a tiny amount given […]

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