Yet another 40 year inflation high. The federal government says 9.1% for consumer prices as of July 13th data, but falling slightly into the mid 8’s for August and September. A new high virtually every month as inflation keeps rising. Look at the recent trend instead of that 9.1% annual number. The last 6 month running rate is 10.4% and […]
In late 2022 and now 2023, we are now seeing a reversal of the froth infecting the market from the Fed actions of 2019, 2020, and 2021. The Fed has already announced it will reverse the actions it has taken to cause massive price increases. For 2023, froth in the market is dead. The FOMO by homebuyers has taken a […]
The Bureau of Labor Statistics (BLS) released consumer price data on Tuesday, September 13. Again it surprised economists and investors by continuing to run very high. Readers here are not surprised. Our posts show continued expectations for high inflation. Expect it may run high fur another 2-3 years. Maybe not 8-10% high, but quite possibly. Once inflation jumps as it […]
Reports are piling up that mortgage fraud is on the rise. For now, the rise focuses on non-QM mortgages. Why? A QM mortgage has extensive requirements in underwriting verification. These verifications include employment, income, source of funds, and other items. Mortgage fraud played a central role in the 2008 crisis. Blame fell on lenders for not doing enough verification. Virtually […]
Forbearance opportunity has ended The HUD foreclosure and forbearance moratoriums for FHA and USDA loans ended. The same for FNMA and FHLMC. Forbearance is just one example of avoiding mortgage default, however, the window to enter forbearance has closed. Those still in forbearance must find out the best way to exit in the shortest time period possible. The costs […]