government in real estate: Another Real Estate Scheme From Washington
- 07/25/11 06:36 PM
Many of us believe that government interference is what led to the entire housing crisis – from the artificial rise in prices, to the crash.
And, as we watch failed program after failed program, some of us tend to wish the government would just get the heck out of real estate and let the free market do the job of bringing things back into balance.
That means I’m pretty skeptical of any new real estate scheme coming from Washington – including the latest.
This one is merely under consideration at the moment, but if implemented, will mean that the Federal … (9 comments)
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government in real estate: Could Dodd-Frank be any worse for the real estate industry? Yes - Keep an eye on this one!
- 03/31/11 09:37 AM
Sheesh! I just read a new article on Bankrate.com explaining that regulators are considering how to implement another of the Dodd-Frank "reform" provisions.
This one would set forth the terms for a Qualified Residential Mortgage - QRM. Among the qualifications under consideration are:
20% down required on a home purchase House payment may not exceed 28% of income Total debt not to exceed 36% of income May not have been 60 days late on ANY payment within the past 2 years The only "saving" factor in all this is that FHA loans would not fall under QRM regulations. I'm not so … (3 comments)
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Many of us believe that government interference is what led to the entire housing crisis – from the artificial rise in prices, to the crash.
;)
;)
;)
