tag:blogger.com,1999:blog-30643134.post160206068356619141..comments2023-12-26T01:10:26.319-05:00Comments on Accrued Interest: Bail out?Accrued Interesthttp://www.blogger.com/profile/05096191765979971184noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-30643134.post-59050158490899178272010-05-26T05:27:40.216-05:002010-05-26T05:27:40.216-05:00I completely agree with your points in this post a...I completely agree with your points in this post and while I was not aware of the impact of state agencies I have been following the FHA's proposal to have their lending standards revised to make them more competitive with non-traditional <a href="http://firsttimehomebuyersloan.org/" rel="nofollow">mortgage</a> products.Irwinhttp://firsttimehomebuyersloan.org/noreply@blogger.comtag:blogger.com,1999:blog-30643134.post-68379778077050821972007-03-28T13:31:00.000-05:002007-03-28T13:31:00.000-05:00This comment has been removed by the author.Vivek Vishhttps://www.blogger.com/profile/13124484091954414724noreply@blogger.comtag:blogger.com,1999:blog-30643134.post-63983927414127770622007-03-28T08:11:00.000-05:002007-03-28T08:11:00.000-05:00Tom, I'm interested in syndicating your blog, but...Tom, I'm interested in syndicating your blog, but alas, I cannot find an email address for you. Please contact me.<BR/><BR/>Thanks,<BR/><BR/>Nancy<BR/>nross@newstex.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-30643134.post-69436554665605091242007-03-27T21:12:00.000-05:002007-03-27T21:12:00.000-05:00I completely agree with your points in this post a...I completely agree with your points in this post and while I was not aware of the impact of state agencies I have been following the FHA's proposal to have their lending standards revised to make them more 'competitive' with non-traditional mortgage products. <BR/><BR/>What is somewhat shocking in hindsight is the huge drop in FHA issuance from 2000 to 2006. In California (the largest decrease quoted) issuance fell from 109,074 loans to 2,599. The link to the Assistant Secretary for Housing's testimony in support of changing standards is below.<BR/><BR/>http://www.hud.gov/offices/cir/test031507.cfm<BR/><BR/>My view: <BR/>Is housing in trouble? Probably not because the government will step in at some point to support housing (by raising maximum total loan values). Are sub prime originators? The jury's still out because FHA issuance is a public-private partnership whereby the same mortgage broker which sold the option ARM will be able to roll the homeowner into an FHA insured mortgage and collect fees again but when? and will it be in time?BondBaronhttps://www.blogger.com/profile/14189419185709046625noreply@blogger.comtag:blogger.com,1999:blog-30643134.post-91328159138369333442007-03-27T18:12:00.000-05:002007-03-27T18:12:00.000-05:00Many of the outstanding subprimes used neg am and ...Many of the outstanding subprimes used neg am and low teaser rates. Most will not qualify at 6.75%. Many have pre-payment penalties and what about loan debits greater than appraised values. Not sure these plans will do much.Marshallhttps://www.blogger.com/profile/14579403827755264569noreply@blogger.com