Democrats Infuse Communism Into Mortgage Loans

[Sunburnt Indian]

Let's give credit where it's very likely due. Talk of banning incandecent light bulbs. I can find nothing to convince me they are needed. LED bulbs are superior by far in every way. That's the only thing I can find that our illegitimate presidet (PINO) and his team is worthy of a Thank You.

 

[07pilt]

PMI worked great in '08, didn't it? I mean, all those LTV loans had PMI back then didn't they? PMI isn't some new phenomenon. And yet the Federal Government had to cut multi-billion dollar checks to keep AIG afloat after committing to all the credit default swaps. Counting on PMI to solve the risk problem of increasing LTV loans is financial suicide.

Absolutely right. I blame democrats

 

[07pilt]

I thought I "NM" my post fast enough. I mistakenly linked you to a post by CDS in another thread which linked to an article from "The Atlantic". I tried to revoke my post, but your reply was clearly quicker. So I apologize for my mistake.

Np

 

[LAY THE WOODY]

It takes zero industry expertise, just like a high school level understanding of what a business does.

Joe needs a new economic adviser. Why not apply?

 

[07pilt]

Mortgage applications up 3.7% week over week (560% annualized 😉)

6.3%

 

[07pilt]

National association of homebuilders index up to 50 versus 45 the prior month.

 

[Marocain Poke]

National association of homebuilders index up to 50 versus 45 the prior month.

That must mean Biden is the BEST PRESIDENT EVER!

 

[07pilt]

Housing starts up 2.2% month over month

 

[Sunburnt Indian]

2012Bearcat. Wanna mention record high consumer credit card debt? Mounting bank repos? Stagflation? A lower DOW than two years ago? Pay raises for most of us have not kept up with Brandon's inflationary tidal wave. I wish the board's majority could report better news. Enlighten me to what I'm missing. A miniscule uptick in housing starts does nothing for me. Today I shopped Walmart using my Wells Fargo Active Cash card.

The good news for me? I carry no balances on rewards cards. Most Americans do.

 

[aix_xpert]

6.3%

Just think, 3 more months of this kind of performance, and maybe we'll dig out of Biden's -27% year over year number.

 

[07pilt]

New home sales up 4.1% MoM

 

[07pilt]

FHFA House Price Index up 0.6% MoM
Case Shiller 20-City up 0.45% MoM

 

[07pilt]

Mortgage applications up 7.2% week over week

 

[07pilt]

NAHB housing market index: 55
Housing starts MoM: 21.7%
Building Permits MoM: 5.2%

 

[thetruth]

Pent up demand for homes, supply is still short and people have become numb/accustom to higher interest rates. Nothing this administration has done has helped the problem. Don't pat them on the back for something they have done. They are still one of the big reasons the economy is f***ed up.

 

[davidallen]

...the economy is f***ed up.

Is it really though? I get there is a ways to go but compared to the ROW is it?

 

[2012Bearcat]

NAHB housing market index: 55
Housing starts MoM: 21.7%
Building Permits MoM: 5.2%

Where are all those housing starts. Just a hint it's not in many blue states. Wonder why that is?

 

[Sunburnt Indian]

Pent up demand for homes, supply is still short and people have become numb/accustom to higher interest rates. Nothing this administration has done has helped the problem. Don't pat them on the back for something they have done. They are still one of the big reasons the economy is f***ed up.

Where are all those housing starts. Just a hint it's not in many blue states. Wonder why that is?

Housing starts are big in Texas. TX is just behind FL in people moving out of blue states for freedom.

Fox Business tells me meat is up 3 times Brandon's inflationary tidal wave.

 

[davidallen]

Where are all those housing starts. Just a hint it's not in many blue states. Wonder why that is?

Have you looked at the numbers?

 

[davidallen]

Just think, 3 more months of this kind of performance, and maybe we'll dig out of Biden's -27% year over year number.

 

[2012Bearcat]

Have you looked at the numbers?

Have you?