A hub for independent voices and hard truths
If your mortgage payment is over $3,000 a month, odds are you can’t actually afford the house. Yeah, you can fake it for a few years: stretch the budget, shift some expenses, maybe dip into savings when things get tight. But the walls close in eventually. The pressure builds. The …
John Comiskey has exposed yet another glaring example of FHA’s “partial claim” loophole in action. A California property owner with a $913,000 FHA-backed loan is collecting rent while skipping mortgage payments—knowing the FHA will step in to cover the bill. The pattern is clear. The borrower made one payment before …
Landlord vows never to rent again after years of court battles and unpaid rent. 🚨 Ontario landlord trapped in nightmare: $25K lost, tenant boasts ‘"We’ll be in court for years." 🔷 $25,000 in unpaid rent, landlord forced to sell RRSPs to cover mortgage. 🔷 4 years of tenant issues, 3 …
For many people, it’s still the American dream to become a homeowner one day. Except many people who don’t own a home right now have no clue how expensive it actually is to own and maintain a home beyond your monthly mortgage payment. And I’d be willing to bet if …
by confoundedinterest17 The US economy is gradually recovering from Bidenomics (government/donor dictated spending). Mortgage applications increased 11.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 7, 2025. The Market Composite Index, a measure of mortgage …
Mortgage payments now make up 40% of the average household income – the highest levels in over 30 years By the classic rule of keeping payments under a third of income, about 70% of Americans today can’t afford a mortgage Housing affordability is at a breaking point pic.twitter.com/qwn079KFPb — Bravos …
by confoundedinterest17 Did Jerome Powell and The Federal Reserve push markets too hard? Sales of existing single-family houses, townhouses, condos, and co-ops that closed in January dropped by 4.9% from December, seasonally adjusted, to an annual rate of 4.08 million sales, according to the National Association of Realtors today. This rate of …
by confoundedinterest17 I call this the house latitudes. Horse latitudes is a belt of calm air and sea occurring in both the northern and southern hemispheres between the trade winds and the westerlies. And when the ships motion stalled, the crews would jetison their cargo of horses to the delight of sharks! So, we are …
Study: If You Want More Babies, Make Mortgages Affordable For Young People A new NBER working paper (Did the Modern Mortgage Set the Stage for the U.S. Baby Boom? by Lisa J. Dettling & Melissa Schettini Kearney) reveals an unexpected (well, actually expected) catalyst behind America’s famous baby boom: government-backed …
A rising number of homeowners, particularly first-time home buyers and military members and veterans, are missing their monthly mortgage payments and the number of people who are 90 days delinquent is climbing fast. The housing market is seeing a big uptick in inventory right now as well as a major …
by confoundedinterest17 No, its not 1903. Its 2025 and Dayton Ohio is the third most affordable city in the USA. Ohio, the cradle of American Presidents (McKinley, Grant, Taft, Benjamin Harrison, Hayes, Garfield, Harding), is also home to 4 of the most affordable cities in the USA, according to The Virtual Capitalist. …
Homebuyer in demand in early 2025 has fallen again, with mortgage applications to buy a home down 63% from the pandemic peak. Access the price forecast for your area on Reventure App: www.reventure.app This data comes from the Mortgage Bankers Association. And suggests that the spring 2025 housing market will …
by confoundedinterest17 The latest jobs report was like the Cornell Hurd song, “It’s just the whiskey talking.” Except that this time it’s just the Biden Administration talking … and their jobs reports have been corrected/revised repeatedly. The latest jobs report saw Nonfarm Payrolls rise by 256k and mortgage rates (conforming) rose above …
Seeing unemployment as a major factor for FHA mortgage delinquencies… it really is a house of cards. — Amanda Goodall (@thejobchick) January 13, 2025
1. As of today, $ALLY is exiting its mortgage origination business. — Unicus (@UnicusResearch) January 9, 2025 3. Burdened by mortgages made to borrowers with shoddy credit, $Ally began reporting losses in 2007 that reached $10.3 billion in 2009. The U.S. engineered the bailout to ensure that money kept flowing …
1/ Mortgage Meltdown Incoming? The share of 🇨🇦 mortgages in arrears (90+ days overdue) has jumped 50% since hitting historic lows. The latest rate of 0.21% might seem small, but here’s why it’s a ticking time bomb for the housing market. pic.twitter.com/ZPhxPWHTQF — Shazi (@ShaziGoalie) January 4, 2025 3/ For …
by confoundedinterest17 We are all riders on the Biden housing storm. Existing-home sales have finally started to improve on a seasonally adjusted basis after a three-year decline. Cause? Raging home prices combined with higher than normal mortgage rates. Home prices are up 35.4% under Biden while conforming 30Y mortgage rates are …
1/ The GTA just hit a mortgage crisis milestone. Delinquency rates (90+ days overdue) have surged 166% since 2022, reaching levels not seen since 2015. pic.twitter.com/Ts3PH0dhHM — Shazi (@ShaziGoalie) January 2, 2025 3/ What does this mean? A rising delinquency rate reflects collapsing market liquidity. Homeowners, unable to sell quickly …
by confoundedinterest17 Well, its that time of year again. Mortgage applications drop to their lowest levels after Christmas until New Years Eve. Then mortgage applications pick up in the new year. Mortgage applications decreased 21.9 percent from two weeks earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications …
We live in a world today where your mortgage payment is becoming the “cheap” part of your house payment while your taxes and in insurance are now taking up more than half of your monthly house payment for many folks across the country. This is the future and current reality …
by confoundedinterest17 Inflation soared under Biden/Harris, primarily due to their outrageous wasteful government spending. US government spening soared with Covid and politicians enjoyed the unbridled spending. Let’s see if Trump and Republicans can do any better.
My take is that 30yr mortgage is in a pause before heading higher. — Alistair (@kiwiangloameric) December 21, 2024 BREAKING: 30 year average US mortgage rates are above 7% again, per Mortgage News Daily. — unusual_whales (@unusual_whales) December 21, 2024 $500 billion for 5 days? 🤨 https://t.co/RkcFxJ0OGq pic.twitter.com/NXfcFpSr3f — Financelot …
1. The thought is the Fed could make homes more affordable by cutting interest rates So far, mortgage rates are doing opposite, and rising instead Why? Because mortgage rates move with the yield on the 10-year Treasury, which has surged this week pic.twitter.com/zk0c3UJi9Y — Michael Burry Stock Tracker ♟ (@burrytracker) …
What have we learned from the market this Fall? There are 2 paths forward for Real Estate and both are painful: 1. Higher rates, stagnant market, layoffs, prices grind flat or down 2. Lower rates that come when the economy collapses, not because the Fed waves a magic wand — …
Yields pre-warning that history is about to repeat. 1972 national debts 400million2024 national debt 35 trillion. How does a 10 to 15% mortgage rate look like today? pic.twitter.com/9Ki8eewmJb — The Great Martis (@great_martis) December 15, 2024 If gold repeats 1970s parabola move. The largest bull market in history will be …
Yes it’s literally this bad out there for housing. Next up, price drops. No one can afford to buy at these prices with mortgage rates this high. There’s no demand because there’s no affordability. If prices dropped, inventory would eventually start moving again. https://t.co/pyAglXFk0B — QE Infinity (@StealthQE4) November 27, …
TD Bank’s Mortgage Fraud Uncovered: Intentional Deception to Steal Homes” byu/CantStopPoppin inworldnewsvideo If you think your mortgage lender is collecting and paying your property taxes through your account, one woman says you might want to double-check the fine print. In a video with over 600,000 views, TikToker Knitty (@knittyknits) says …
by confoundedinterest17 Fortunately, the Biden/Harris administration is winding down. On the mortgage side, the mortgage market is already gone under Biden/Harris where mortgage purchase applications are down a whopping 60%. Mortgage applications increased 1.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey …
If you’re unsure Bitcoin’s a bubble, just read this tweet and its replies. – Deposit bitcoin, ~75-100% of the value of the house. – Bank buys the house, you live in it. – Loan is secured on bitcoin + house so double-collareralised (hence <100% bitcoin deposit). – Make small monthly …
🇺🇸MORTGAGE RATES KEEP CLIMBING AS MARKET BRACES FOR TRUMP-ERA IMPACTS The average 30-year fixed rate rose to 6.86%, as the market processed economic shifts expected under Trump’s presidency. While overall mortgage applications barely budged, edging up 0.5%, refinancing requests… pic.twitter.com/gVINTAlqhS — Mario Nawfal (@MarioNawfal) November 13, 2024