Comments for Vegas Real Estate Guy http://vegasrealestateguy.com The Hub of Las Vegas Real Estate Investing Sat, 13 Mar 2010 14:10:57 +0000 http://wordpress.org/?v=2.6 Comment on Future Financial Catastrophe by Richard Stabile Bergen County Real Estate http://vegasrealestateguy.com/2008/06/08/future-financial-catastrophe/#comment-11 Richard Stabile Bergen County Real Estate Mon, 16 Feb 2009 04:12:17 +0000 http://vegasrealestateguy.com/?p=37#comment-11 If the fed keeps putting money into new mortgage paper with Fannies and Freddie, the money will eventually hit the market. So far it is only hitting in the conforming mortgages. I wrote about 12 weeks ago for the fed to borrow on long term treasury’s and put the money directly into new mortgages at low rates to get the market going. I also said they should provide investor financing to get the foreclosed homes bought and rented. Investor will bring a lot of capital to the market. All buyers must qualify under normal standards. My investigation also finds the heavily hit markets are reacting to the lower prices and lower rates and volume is picking up nicely. The banks can not get the money directly, they won’t lend or at least not at the rate and quantity we need. When a purchaser gets a mortgage, buys a property, the old mortgage gets paid off to the bank. The bank receives the money and the mortgage is retired. If the bank’s reserves are too short to retire the mortgage, that is another issue for their solvency. The government is supposed to work that out in the stimulus package Richard If the fed keeps putting money into new mortgage paper with Fannies and Freddie, the money will eventually hit the market. So far it is only hitting in the conforming mortgages. I wrote about 12 weeks ago for the fed to borrow on long term treasury’s and put the money directly into new mortgages at low rates to get the market going. I also said they should provide investor financing to get the foreclosed homes bought and rented. Investor will bring a lot of capital to the market. All buyers must qualify under normal standards.

My investigation also finds the heavily hit markets are reacting to the lower prices and lower rates and volume is picking up nicely.

The banks can not get the money directly, they won’t lend or at least not at the rate and quantity we need. When a purchaser gets a mortgage, buys a property, the old mortgage gets paid off to the bank. The bank receives the money and the mortgage is retired. If the bank’s reserves are too short to retire the mortgage, that is another issue for their solvency. The government is supposed to work that out in the stimulus package

Richard

]]> Comment on Future Financial Catastrophe by Future Financial Catastrophe · Real-Estate101.ExplainedOnline.Net http://vegasrealestateguy.com/2008/06/08/future-financial-catastrophe/#comment-10 Future Financial Catastrophe · Real-Estate101.ExplainedOnline.Net Mon, 09 Jun 2008 02:51:15 +0000 http://vegasrealestateguy.com/?p=37#comment-10 [...] Original post by Purchase estate blog [...] [...] Original post by Purchase estate blog [...]

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