Heroic Investing

Mortgage Lending Slows and Banks Blame Regulation

Mortgage Lending Slows and Banks Blame Regulation

By many indications, this should be a good time to borrow. Interest rates are still low, banks are even offering previous defaulters a second chance, and new regulations after the housing collapse are in place to protect consumers from lenders’ past fraudulent practices. So why are loan applications...

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Fannie Mae and Freddie Mac: Zombie Stocks on a Rollercoaster

Fannie Mae and Freddie Mac: Zombie Stocks on a Rollercoaster

The rollercoaster ride of quasi-federal mortgage lending superagencies Fannie Mae and Freddie Mac hit the down slope after an unprecedented climb that saw stock prices for both these institutions gaining up to 150 percent in previous weeks. Now, as stocks fell by as much as 40% in the final week of May...

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Cleaning Up Credit After  Foreclosure

Cleaning Up Credit After Foreclosure

In many ways, the health of the housing recovery hinges on credit – a major factor in the well-known housing collapse of a few years ago As banks and other mortgage lender tighten standards and clean up their lending practices in the aftermath of the crash, they’re taking a harder look at the creditworthiness...

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Major Lenders Still Put the Customer Last

Major Lenders Still Put the Customer Last

As if a multibillion-dollar settlement on fraud charges and bad press about the handling of payouts from that settlement weren’t enough, major US lenders caught in bad behavior after the housing collapse are now facing new accusations of the same bad behavior. Now, New York’s attorney general has...

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Streamlined Modifications:  Document-Free Mortgage Help

Streamlined Modifications: Document-Free Mortgage Help

Even though indications are that the housing market is looking up after the disastrous crash a few years ago, the mortgage lending industry is still digging itself out of some very deep holes. Among the numerous problems facing major lenders both private and federal is the lingering issue of delinquent...

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Going Green Means Big Gains in Housing

Going Green Means Big Gains in Housing

“Green” houses mean greenbacks for investors Houses featuring environmentally friendly upgrades and energy-saving devices command higher prices, attract more affluent tenants, and improve neighborhoods. While going green may look expensive, a variety of perks are available for the landlord/investor...

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Will Colleges Cause a Collapse?

Will Colleges Cause a Collapse?

For many of the so-called “millennial” generation – newly graduated from college, or recent grads in the last five years or so – the old advice about getting a degree to get ahead just doesn’t apply. As more graduates are facing decades or more of student loan repayments, a new Forbes article...

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New Employment Stats Change Federal Bond Buying Plans

New Employment Stats Change Federal Bond Buying Plans

Over $3 trillion and counting. That’s the total so far of the Federal Reserve’s buyup of mortgage security bonds – a number that, as we discussed in a recent post, is raising alarms among senior representatives of regional Federal Reserve banks. Now, in another twist to the fast-forward/slow motion...

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High Home Prices, Subprime Borrowers: Is History Repeating itself?

High Home Prices, Subprime Borrowers: Is History Repeating itself?

For every positive sign of a housing comeback, there seems to be a chorus of anxious market watchers ready to find ominous signs of a new collapse looming on the horizon. Those gloomy predictions may be overstating the concerns, but a number of financial analysts and real estate experts point to several...

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The Fed’s Bond Buyup: Insiders Doubt Its Benefits

The Fed’s Bond Buyup: Insiders Doubt Its Benefits

It’s going forward. No, it’s slowing down. No, wait, it’s picking up speed. The Federal Reserve’s rollercoaster ride of buying up mortgage backed securities and treasury bonds has been going on since last fall, with often-changing plans to scale it back or ramp it up depending on ever-evolving...

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