Comments on: The Payment Paradigm http://housingbubblecasualty.com/the-payment-paradigm/ Mortgage insiders view on mortgages, real estate, debt, and the housing bubble. site by SoCalMtgGuy, author of - Another F@CKED Borrower Tue, 07 Oct 2008 19:41:51 +0000 http://wordpress.org/?v=2.0.5 by: compare mortgage assurance premium quotes http://housingbubblecasualty.com/the-payment-paradigm/#comment-533615 Thu, 21 Feb 2008 00:32:51 +0000 http://housingbubblecasualty.com/the-payment-paradigm/#comment-533615 <strong>compare mortgage assurance premium quotes...</strong> quintillion?Tennyson Alva relief?... compare mortgage assurance premium quotes…

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]]> by: Cole Kenny http://housingbubblecasualty.com/the-payment-paradigm/#comment-991 Thu, 09 Mar 2006 23:31:09 +0000 http://housingbubblecasualty.com/the-payment-paradigm/#comment-991 <i> The finance guys will find a way to make the payment fit. Even wonder why car payments terms have gone from 48 months to 60, 72, 84, and even 96 months? If the auto industry ever takes a page from the mortgage industry, then they could start doing option-ARMs to get more people into ultra-luxury cars, and exotic sports cars. </i> You're the expert on this stuff, and so obviously right on the money. It would be ironic if the auto industry started marketing 30-year loans on cars, especially since some poor folks might end up living in them after this bubble pops. Cheers, Cole @ <a href="http://bighousingbubble.blogspot.com" rel="nofollow"><b>The Boy in the Big Housing Bubble</b></a> The finance guys will find a way to make the payment fit. Even wonder why car payments terms have gone from 48 months to 60, 72, 84, and even 96 months? If the auto industry ever takes a page from the mortgage industry, then they could start doing option-ARMs to get more people into ultra-luxury cars, and exotic sports cars.

You’re the expert on this stuff, and so obviously right on the money. It would be ironic if the auto industry started marketing 30-year loans on cars, especially since some poor folks might end up living in them after this bubble pops.

Cheers,

Cole @ The Boy in the Big Housing Bubble

]]> by: Home Foreclosure http://housingbubblecasualty.com/the-payment-paradigm/#comment-531 Tue, 21 Feb 2006 16:35:54 +0000 http://housingbubblecasualty.com/the-payment-paradigm/#comment-531 Ron from Atlanta asking if you have an rss subscription feed for your blog? Ron from Atlanta asking if you have an rss subscription feed for your blog?

]]> by: SidneyPrice http://housingbubblecasualty.com/the-payment-paradigm/#comment-330 Mon, 13 Feb 2006 16:28:50 +0000 http://housingbubblecasualty.com/the-payment-paradigm/#comment-330 I disagree with thurth's comments #36 and #37. This is not the 1970s, and $17K for a SoCal house was cheap at the time, not at the bubble top. The Fed decisions of the 1970s have been so discredited in the financial community that it is hard to believe that Bernanke would even suggest them. His constituency wants low inflation: rich folks who have stashes of cash, Treasury Bond holders, and the people who want to sell more TBills. The inflationary path only benefits FBs and the shadowy holders of MBS (SHOMBS). They will be readily sacrificed. Their only hope is if the Fed or many others in Washington realizes that the downfall of the FBs means that we all go down with them. Only the biggest housing bears believe this so far. I would venture that the views of the housing bears wont become widely held before its too late to halt the crash. But maybe the worst wont happen and we will get cheaper houses. Hard to tell so far. I disagree with thurth’s comments #36 and #37. This is not the 1970s, and $17K for a SoCal house was cheap at the time, not at the bubble top. The Fed decisions of the 1970s have been so discredited in the financial community that it is hard to believe that Bernanke would even suggest them. His constituency wants low inflation: rich folks who have stashes of cash, Treasury Bond holders, and the people who want to sell more TBills. The inflationary path only benefits FBs and the shadowy holders of MBS (SHOMBS). They will be readily sacrificed. Their only hope is if the Fed or many others in Washington realizes that the downfall of the FBs means that we all go down with them. Only the biggest housing bears believe this so far. I would venture that the views of the housing bears wont become widely held before its too late to halt the crash.

But maybe the worst wont happen and we will get cheaper houses. Hard to tell so far.

]]> by: Anonymous http://housingbubblecasualty.com/the-payment-paradigm/#comment-320 Mon, 13 Feb 2006 10:56:59 +0000 http://housingbubblecasualty.com/the-payment-paradigm/#comment-320 DataWonk - how much MBS can Fannie hold, when they do only conforming? All of Southern CA and other bubblicious cities have mortgages that would be too high for Fannie's limit. Remember, the limit was in the mid $300Ks until a few months ago. With 100% financing, an the median price in the mid $500Ks, there would be very few that qualified to go to Freddie or Fannie. DataWonk - how much MBS can Fannie hold, when they do only conforming? All of Southern CA and other bubblicious cities have mortgages that would be too high for Fannie’s limit. Remember, the limit was in the mid $300Ks until a few months ago. With 100% financing, an the median price in the mid $500Ks, there would be very few that qualified to go to Freddie or Fannie.

]]> by: thurth http://housingbubblecasualty.com/the-payment-paradigm/#comment-319 Mon, 13 Feb 2006 07:12:54 +0000 http://housingbubblecasualty.com/the-payment-paradigm/#comment-319 In other words from above post, My parents bought a house in early 1970's for about $16k. With my parents current income, they could pay cash for this house in 6 months. I think when these people are paying 500k for a condo, 30 years from now that 500k will be like six months savings. incomes will eat away the debt increases. In other words from above post,

My parents bought a house in early 1970’s for about $16k.

With my parents current income, they could pay cash for this house in 6 months.

I think when these people are paying 500k for a condo, 30 years from now that 500k will be like six months savings. incomes will eat away the debt increases.

]]> by: thurth http://housingbubblecasualty.com/the-payment-paradigm/#comment-318 Mon, 13 Feb 2006 07:09:18 +0000 http://housingbubblecasualty.com/the-payment-paradigm/#comment-318 I don't see RE market collapsing. I see Bernanke printing money and buying long bonds on the open market to keep rates low(Greenspan even suggested this as an option back during last recession). I think if the choice is between economic collapse(house deflation) or higher inflation(through printing dollars and using them to buy long bonds) Government will vote for latter as they have every vested interest in keeping the boat afloat. Incomes are starting to rise and will rise faster and faster. Incomes growth will once again outstrip debt increases as it has done for the past several decades. I don’t see RE market collapsing. I see Bernanke printing money and buying long bonds on the open market to keep rates low(Greenspan even suggested this as an option back during last recession).

I think if the choice is between economic collapse(house deflation) or higher inflation(through printing dollars and using them to buy long bonds) Government will vote for latter as they have every vested interest in keeping the boat afloat.

Incomes are starting to rise and will rise faster and faster. Incomes growth will once again outstrip debt increases as it has done for the past several decades.

]]> by: Datawonk http://housingbubblecasualty.com/the-payment-paradigm/#comment-317 Sun, 12 Feb 2006 18:53:31 +0000 http://housingbubblecasualty.com/the-payment-paradigm/#comment-317 Question: Who is holding this nations MBS? I have read that 80% of mortgage originations are securitized and sold as either agency paper or private label. I've read that over 70% of the nation mortgage's "pass-thru" Freddie/Fannie, and that they retain "at least 1/3" of them, securitizing the rest. I have also read that 10% of MBS is private label and that "foreign entities" purchase 20% of all MBS. So, to summarize: 20% of mortgage originations are unsecuritized and held by commercial banks. 70% are Fannie/Freddie, of which 35% is held and 35% of which becomes securitized agency paper. 10% are securitized as private label MBS. The above is information that I pieced together from dozens, if not hundreds, of web links, some of which slightly contradicted others and some of which were 2 or 3 years old. In other words, I question how accurate they are. Does anyone (MORTGAGEGUY?) have a link to a source where this info. is available and updated in one place? Question: Who is holding this nations MBS?

I have read that 80% of mortgage originations are securitized and sold as either agency paper or private label.

I’ve read that over 70% of the nation mortgage’s “pass-thru” Freddie/Fannie, and that they retain “at least 1/3″ of them, securitizing the rest.

I have also read that 10% of MBS is private label and that “foreign entities” purchase 20% of all MBS.

So, to summarize:

20% of mortgage originations are unsecuritized and held by commercial banks.

70% are Fannie/Freddie, of which 35% is held and 35% of which becomes securitized agency paper.

10% are securitized as private label MBS.

The above is information that I pieced together from dozens, if not hundreds, of web links, some of which slightly contradicted others and some of which were 2 or 3 years old.

In other words, I question how accurate they are.

Does anyone (MORTGAGEGUY?) have a link to a source where this info. is available and updated in one place?

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