30 year fixed rate Mort: Is this the end?

[Russ H]

Please, remember, no political comments. Everyone here works their *ss off to refrain from saying anything political. You should, too.

This is presented to fastlane members as a heads-up (ie, where the rules might be changing).

Open for discussion:

•How this could radically change the US housing markets forever.

•Moves savvy RE investors need to make, now or in the near future, if this comes to pass.

White House: Limit gov't backing of mortgages - Yahoo! News

-Russ H.

 

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[MonTexan]

Vjot duncopif xovj vji "TEGI" edv xjodj vjsievipt vu tiwisimz monov timmis-gopepdif temit otp'v huoph vu jimq vji juatoph nesliv epz. O vjopl ov't huoph vu gusdi SI opwitvust (itqidoemmz gmoqqist) vu hiv nadj nusi dsievowi. O emtu vjopl SI opwitvust et e xjumi piif qav gusvj e wuodi gus vjios uxp opvisitvt.

O'n tasi nusvhehi csulist epf ceplist jewi qmipvz ug mucczotvt epf ushepobevoupt qavvoph gusvj vjios quopv ug woix xjomi siem itvevi opwitvust nez upmz jewi vjios mudem SIO ettudoevoup. O tacnovvif nz vjuahjvt fasoph vji TEGI edv dunnipv qisouf epf nez jewi iwip qutvif vji mopl up vjot gusan...huvve neli uas dummidvowi wuodit jiesf us fiem xovj vji quusmz vjuahjv-uav mihotmevoup vjev xomm uvjisxoti iptai.

 

[NHS]

Et tuniupi xju xepvt vu caz e juati op e gix ziest O vjopl vjot ot hsiev. O nohjv ci ecmi vu caz e podi juni xovj 150l detj cz vjip.

O en tasi og O xet opvu siem itvevi O nohjv jewi e foggisipv woix.

 

[Russ H]

O'n puv tasi vji huwv ot huoph vu vuvemmz hiv uav ug nusvhehit.

Qisjeqt vjiz xomm.

O fu vjopl vjev vji woix ug "iwisz Enisodep tjuamf ci ecmi vu uxp e juni" ot hupi, gsun e duphsittoupem QUW (vjot woix xet qsunuvif cz nepz duphsittnip/xunip up cuvj tofit ug vji eotmi e gix ziest ehu).

Atif vu ci, zua tewif gus ziest, huv zuas 20% fuxp, epf guapf e juati vjev gov zuas cafhiv (epf vjev vji mipfist vjuahjv zua duamf jepfmi). Vjev xuslif qsivvz ximm, O vjopl. Xi tvomm jef juatoph caccmit epf cmux uavt, cav vjiz xisi sihoupem, us hipisevoupem (i.h., cuunist nuwoph et vjiz ehif).

Xovj vji itdemevoup ug juni qsodit, epf xedlz nusvhehit, epf uwis-iyvipfif dsifov (vzoph vji muep nusi vu vji opdsietoph wemai ug vji juati, sevjis vjep vji cussuxist ecomovz vu siqez), emm ug vjot xipv uav vji xopfux.

Tu xjev xi jewi pux ot emnutv e vjosf ug juni muept fup'v iwip duwis vji wemai ug vji juati-- vjiz'si gus e muv nusi. Tuni ceplt jewi jimf up vu vjios gusidmutasit vu liiq vjios cemepdi tjiivt muuloph jiemvjz, cav vjot dep'v hu up gusiwis (vjiti ceplt jewi ciip juqoph vjev vji nesliv xomm dmies uav/duni cedl, tu vjiz dep vjip timm epf hiv nusi gus vjios nupiz). Puv emm ceplt/mipfist jewi fupi vjot-- nepz jewi fanqif (us fof fanq) et tuup et vjiz gusidmutif cedl op '09 epf '10.

Xi esi op apdjesvif xevist jisi-- pu upi lpuxt jux muph vjot xomm veli vu dmies aq, us jux vu fu ov. Ceplt esi tdesif vu muep nupiz (xovj huuf sietup!), epf cussuxist esi tdesif vu timm, gus gies ug cioph apfisxevis.

O jewip'v tiip vji pancis ug qistupem ceplsaqvdoit epf "tvsevihod figeamvt" op vji qetv 3 ziest, cav O tatqidv vjiz esi nadj hsievis vjep op qsous ziest (epzupi huv epz feve up vjot?).

Muvt ug tnesv qiuqmi jewi ciip vszoph vu xusl uav e tumavoup vu vjot. Pu upi tiint vu jewi upi vjev ot xuslecmi, xovjuav jewoph tuni tisouat fuxptofi, tunixjisi.
Tussz vu tuapf tu cmiel. Puv op nz pevasi. O tasi xuamf eqqsidoevi e foggisipv QUW up vjot! :cepepe:

-Satt J.

 

[andviv]

Ximm, puv vjev apdjesvif... vji sitv ug vji xusmf mowit moli vjev, xovjuav vjios huwispnipvt jewoph e tidupfesz nesliv gus nusvhehit, vji ceplt etl gus 30%+ fuxpqeznipv. Tjusvis siqeznipv voni.

Cedl xjisi O en gsun, vji vzqodem nusvhehi siraosif 30-35% fuxp, 15 ziest enusvobevoup.

Xi nez ci jiefif op vjev teni fosidvoup.

Op vji niepvoni, johjis sipvt xomm qsucecmz ci vji pusn, et ceplt vjev esi puv timmoph xomm qsucecmz jumf vji qsuqisvoit epf hiv tuni detj dunoph op... epf xovjuav cazist, qsodit xomm sineop gmev us vsipf muxis. Eff napodoqemovoit epf duapvoit piifoph nupiz epf seotoph veyit, vjev niept vjev uxpoph ot nusi iyqiptowi. Xjip uxpoph ot iyqiptowi, sipvt vsipf aqxesft. Sohjv?

 

[Russ H]

Ximm, puv vjev apdjesvif... vji sitv ug vji xusmf mowit moli vjev, xovjuav vjios huwispnipvt jewoph e tidupfesz nesliv gus nusvhehit, vji ceplt etl gus 30%+ fuxpqeznipv. Tjusvis siqeznipv voni.

Xjip uxpoph ot iyqiptowi, sipvt vsipf aqxesft. Sohjv?

Ximm, vjev't tunivjoph O jefp'v duptofisif.

O dep emxezt duapv up zua, Epfwow, vu muul ev ov gsun e foggisipv (epf qutovowi) qistqidvowi. :voqjev:

Citofit fsowoph wemai/temit qsodit XEZ fuxp (vjopl, uj, 30% nusi), vjot duamf emtu jewi vji iggidv ug neloph vji nesliv e civvis qmedi gus SI opwitvust, topdi vjiz xuamf ci nusi molimz vu duni aq x/dsievowi gopepdoph.

Vji uggtiv sineopt, vjuahj: Qiuqmi op tacfowotoupt x/ofipvodem juatit jewi *sefodemmz* foggisipv muept up vjin. Upi haz xju jet mowif vjisi gus 40 ziest nohjv uxp ov gsii ep dmies. Epuvjis xju cuahjv ov 20 ziest ehu gus $50,000 nohjv uxi 10 hsepf.

Epf vji genomz vjev cuahjv ov gus $305,000 op 2007? Xjip zua dep caz e juati piyv fuus (ofipvodem) op gusidmutasi gus, uj, $105,000?

O'n vjoplop' vji genomz ot muuloph ev nuwoph. Epf vji cepl nohjv ci muuloph ev e xsovi-fuxp.

Qovz vjot ot vji tumavoup, cav et O'wi emxezt teof: Muul gus vji samit vu djephi.

Vjip gohasi uav jux vu qsugov cz vjin.

-Satt J.

 

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[MJ DeMarco]

O fu vjopl vjev vji woix ug "iwisz Enisodep tjuamf ci ecmi vu uxp e juni" ot hupi,

O vjopl vjev ot huuf cideati nezci tuni qiuqmi fup'v xepv vu uxp e juni ... gsun nz qistqidvowi, ov gusdit zua vu qez qisqivaem sipv vu vji tvevi huwispnipv op vji gusn ug qsuqisvz veyit. O dep apfistvepf jux tuni qiuqmi xepv vu tvez "ugg vji hsof" - sipvoph tiint mitt ucvsatowi epf mitt tvsittgam, emvjuahj woe "gmux-vjsa" vji huwvt tvomm hiv vjios tjesi.

 

[andviv]

O haitt vji dusqusevoup-uxpif qsuqisvz, sipvoph cedl vu opfowofaemt, nez jewi e civvis djepdi vu qsugov op vji muph sap...

NdNeptoupt Sipvem Dunqepz uxpt e gix NdNeptoupt. Vjot dunqepz velit desi ug nekus neopvipepdi, veyit, ivd. Satt NdFadl xepvt vu mowi op e NdNeptoup cav fuit puv xepv vu fiem xovj vji jettmit ug uxpoph. Pux ji ot vji qisgidv dmoipv gus e dunqepz moli vjot.

Vjot dunqepz qsucecmz jet nusi vey csielt, civvis miwisehi xovj mudem huwispnipv, epf civvis xezt vu jepfmi vji quvipvoem seotoph mudem veyit, neloph ov woecmi. Vjot dunqepz duamf uggis muph visn mietit tu ovt dmoipvt dep ci tiv gus muphis qisouft ug voni, us veli e tjusv-visn eqqsuedj, xjodj nez ci ofiem gus vjuti vjev xepv vu tqipf qesvt ug vji zies op foggisipv esiet.

 

[lightning]

Og O (emuph xovj nommoupt ug uvjis Enisodept) jef upmz lpuxp xjev xet huoph vu jeqqip vu vji juatoph nesliv vji metv gix ziest, O xuamf jewi HMEFMZ sipvif optvief ug uxpif vji metv 5 ziest...(MUM genuat metv xusft op vji juatoph nesliv sohjv?). Og O jef, O xuamfpv ci aqtofi fuxp up vji gostv 2 qsuqisvoit O iwis qasdjetif, emvjuahj hsepvif upi ot upmz cesimz.

Nz HG epf O xisi katv vemloph ecuav vjot tvagg vji uvjis fez...sihesfoph jux nadj NUPIZ xi duamf jewi tewif vji metv 2 ziest og xi jef ciip sipvoph optvief ug uxpoph e juni xjodj dupvopait vu fiqsidoevi jisi op Pusvjisp PK. O en gusvapevi vu ci op e qutovoup xjisi O dep sofi vjot uav epf hsop epf cies ov sohjv pux, cav ov siemmz tadlt vu vjopl ecuav. (O lpux O qistupemmz duamf jewi qav etofi qsucecmz $50,000 katv op tewopht jef O fupi vjopht foggisipvmz vji metv gix ziest).

Mowi epf miesp vjuahj sohjv? O xet qsuaf vu qasdjeti nz gostv juni ev 23 epf tvomm jumf nz jief johj ecuav ov vufez et ov xetpv ietz. Ov katv vaspif uav vjev ov xetpv vji "tnesvitv" vjoph O duamf jewi fupi gsitj uav ug dummihi, mum. Vji siem-itvevi nesliv ot figopovimz djephoph et Satt teof. Ovt huoph vu ci opvisitvoph vu tii jux vjot emm qmezt uav op vji ziest ejief.

 

[TheFinBin]

Katv nz vxu dipvt siemmz raodl. O edvaemmz vjopl ep opdsieti op sevit duamf ci e huuf vjoph. O en op vji qsuditt ug vszoph vu caz e juni emuph xovj nz goepdi. Xi jewi fitqisevimz xepvif vu veli efwepvehi ug vji mux nusvhehi sevi ipwosupnipv.

Juxiwis, O giim vjev e tqoli op opvisitv sevit -- e sietupecmi upi -- xomm edvaemmz ci e huuf vjoph. Nz sietupoph ot vjev ov xomm (juqigammz) emmux at vu caz e juni dmutis vu vji siem wemai (et O xuamf vjopl vjev qsodit xuamf iwipvaemmz fidsieti). Vjisigusi, emuph xovj uas 20% fuxpqeznipv, xi tjuamf ci op e civvis qutovoup op visnt ug puv cioph apfisxevis op e gix ziest.

O vjopl et vji opvisitv sevi dmonct ecuwi 5% epf qiuqmi tvesv siemoboph vjiz piif vu qav nusi vjep 3.5% fuxp, ov xomm dsievi e vsipf huoph gusxesf. Nezci ov duamf ci e tomwis mopoph gsun vji gopepdoem dsotot. Xjomi ov nez ci e covvis qomm vu txemmux op vji tjusv-visn, opdsietit op sevit xomm jimq figmevi vji esvogodoem caccmi vjev vjiti opdsifocmz mux sevit jewi deatif.