mortgage Archives - Investment Watch Blog

The Fed bought up $2.7 trillion in toxic waste mortgage backed securities to reinflate the housing bubble and take those bad loans off the books of its Wall Street bankster accomplices. Next up: Powell will let the banksters transfer their non-performing commercial real estate loans to the Fed.

May 29, 2023 8:31 amMay 27, 2023 10:15 pm

by Simian_Stacker This level of blatant corruption and global usury is frankly biblical in how unprecedented it all is. FED'S WALLER: I HOPE THE FED NEVER GETS BACK INTO BUSINESS OF BUYING MBS. — FinancialJuice (@financialjuice) May 24, 2023 $247M …

‘Debt ceiling increase = inflation increase = Federal Reserve Interest rate hikes = higher mortgage & car loan costs = higher food/gas prices = decrease in wage value… It’s all connected. If Gov’t spending isn’t cut, your family’s spending will be’

May 25, 2023 7:05 pm

Listen up pic.twitter.com/BrgWo4fCWX — Brandie with a 🐝 (@BrandieWithABee) May 25, 2023 Government spending is up 55% since 2019 and we have 1% GDP growth. pic.twitter.com/PEZ59Codee — Dan Collins (@DanCollins2011) May 24, 2023 https://twitter.com/bagholdingbear/status/1661434652303785994 CNN fact checks far-left Democrat Rep. …

Biden’s Mortgage Market! Mortgage Demand Decreased 4.6% From Previous Week (Purchase Demand DOWN 30% From Last Year, Refi Demand DOWN 44%)

May 24, 2023 8:44 pm

by confoundedinterest17 Between Biden’s push to tax those borrowers with good credit and reward those with bad credit and Rocket Mortgage annoucing 1% down payments in a declining home price economy, Biden’s housing market is looking more like a house …

The next global mortgage crisis: Bank of Canada says mortgage payments could spike as much as 40 per cent… Average borrowing mortgage in Australia is over $600,000…

May 23, 2023 7:06 amMay 22, 2023 9:27 am

The Bank of Canada estimates that mortgage borrowers who renew their loans over the next few years will see a spike in their monthly payments. This is due to higher borrowing costs and stress in the global banking system, …

30 year mortgage rates up to 6.9%

May 21, 2023 9:51 pm

Source: mortgagenewsdaily.com So far the high rates have barely dented prices and houses are still selling. Why? Because everyone including home buyers are expecting lower rates so they can refinance. h/t BoatSurfer600

Biden’s new mortgage rule mean for YOU? How homeowners w good credit scores will pay $375 of dollars more – while those who don’t save 6k

May 17, 2023 8:22 am

What does Biden’s new mortgage rule mean for YOU? How homeowners with good credit scores will pay $375 of dollars more – while those who don’t pay the bills on time will save $6,000 White House has come under fire …

Biden’s Mortgage Market Bad Wine Hangover! Mortgage Purchase Demand Down -42.4% Since 04/16/21 (Mortgage Demand Down -5.7% Since Last Week, Mortgage Purchase Demand Down -26% YoY, Mortgage Refi Demand Down -43% YoY)

May 17, 2023 7:57 am

by confoundedinterest17 Biden’s economy and mortgage market are like a bad wine hangover. Thanks to inflation and The Fed’s tightening to fight inflation, mortgage purchase demand is down a staggering -42.4% since April 2021. Mortgage applications decreased 5.7 percent from one …

Housing Under Biden: Mortgage Demand Increases 6.3% Since Last Week On Rate Declines, But Purchase Demand Down 32% Since Last Year, Refi Demand Down 44% YoY

May 10, 2023 2:03 pm

by confoundedinterest17 Resident Biden has been an unmitigated disaster for the US middle class, but fantastic for BIG corporate America and the donor class. Mortgage applications increased 6.3 percent from one week earlier, according to data from the Mortgage Bankers …

700,000 households missed rent or mortgage payments in April… 31% of homes sold by investors in Phoenix were sold at a loss in March.

May 9, 2023 9:27 pm

via YAHOO An estimated 700,000 households across the UK missed rent or mortgage payments in April, according to Which? The consumer group based the calculation on a survey of 2,000 people by Yonder, which indicated that around 2.5 per cent of households …

Republicans Fighting Biden’s Mortgage Madness

May 3, 2023 8:03 pmMay 3, 2023 9:33 am

by Martin Armstrong Republicans at the state level are demanding that Biden and the FHFA repeal the asinine new law that punishes Americans with high credit scores by forcing them to subsidize the mortgages of those with low credit scores. The Biden …

US Mortgage Demand Declines 1.2% From Last Week, Purchase Demand Still Down -32% From Same Week Last Year While Refi Demand Down -51% YoY

May 3, 2023 9:20 am

by confoundedinterest17 This is last data dump for mortgage demand (applications) before Biden’s idiotic woke mortgage policies go into effect (taxing those with good credit to subsidize those with lousy credit) take effect. I call this Bolshevik Biden’s Mortgage Market. …

The Punisher! Biden “Punishes Responsibility” As New Mortgage Equity Program Begins

May 2, 2023 1:17 pm

by confoundedinterest17 Joe Biden should be nicknamed “The Punisher” for his new woke mortgage idiocy. Starting yesterday, the Federal Housing Finance Agency’s mortgage pricing adjustments will increase fees for borrowers with high credit scores while reducing costs for those with …

Looking for blood: Condos nearing completion with mortgage appraisals less than investors paid

April 28, 2023 12:44 pm

For many real estate buyers who lined up to sip a cocktail and purchase a condo unit at a high-profile launch party, the euphoria is a distant memory. The sales centres have long since been torn down and the photorealistic …

Wasting Away In Bidenville! US Mortgage Demand Rises 3.7% Since Last Week (WoW), But Mortgage Purchase Demand Remains -28% Lower Than Last Year (YoY) While Mortage Refi Demand Is -51% Lower

April 26, 2023 9:09 am

by confoundedinterest17 Wasting away again in Bidenville. Nibblin’ on ice cream. Watching the economy boil. Particularly mortgage demand. Mortgage applications increased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for …

Home owners with good credit forced to pay higher mortgage rates and fees to subsidize riskier buyers under new Biden rule

April 19, 2023 8:02 pm

A new federal Biden rule will force homebuyers with good credit scores to pay higher mortgage rates and fees so they can subsidize people with riskier credit ratings who want to buy a home. It’s wealth redistribution and will be …

People are going to have to choose between food and paying their mortgage. Europe is heading down a dark path

April 20, 2023 2:46 pmApril 19, 2023 3:40 pm

by BoatSurfer600 Europe and the rest of the world* Homeowners faced a fresh blow after higher than expected inflation raised fears interest rates could hit 5 per cent. Mortgage holders have been hit by a series of interest rate rises …

US Mortgage Demand Declines -8.8% Since Last Week As Mortgage Rates Rise 2.06% WoW, Purchase Mortgage Demand Down -36% YoY, Refi Mortgage Demand Down -56% YoY

April 19, 2023 9:22 am

by confoundedinterest17 It’s only mid April and mortgage demand should be approaching it’s yearly high. But under Biden and The Fed, mortgage demand seems to have peaked earlier than normal. It’s already late in mortgage cycle. Mortgage applications decreased 8.8 percent from …

Help, already 1 million in debt, Mortgage 220k, Student debt 330k, 200k credit card debt, bogus government jobs

April 15, 2023 8:26 am

This is insane. It gets worse and worse the longer it goes. pic.twitter.com/P6Ii1OYZBK — High Yield Harry (@HighyieldHarry) April 13, 2023 WHO LENT THEM THE MONEY? The banks somehow don’t know this? About their mortgage, credit cards, personal loans AND …

40-Year Mortgage Boom for Banks is here. Federal Housing Administration greenlights 40-year mortgages.

April 5, 2023 10:01 pm

PORT ST. LUCIE, Fla. — This week the Federal Housing Administration gave the OK to 40-year mortgages. It’s a move designed to try and make it easier for first-time home buyers. “If it helps people get into a house, it’s …

FDIC Alert! $114 billion in face value Agency Mortgage Backed Securities, Collateralized Mortgage Obligations, and Commercial Mortgage Backed Securities about to be liquidated ‘gradual and orderly’ with the ‘aim to minimize the potential for any adverse impact on market functioning’ by BlackRock.

April 5, 2023 9:59 pm

by Dismal-Jellyfish Source: https://www.fdic.gov/news/press-releases/2023/pr23029.html The Federal Deposit Insurance Corporation (FDIC) as receiver of the former Signature Bank, New York, NY, and Silicon Valley Bank, Santa Clara, CA, will undertake a marketing process to sell the securities portfolios retained from the two receiverships. …

Remote-work trend creates mortgage-backed securities default risk, Moody’s warns

March 26, 2023 8:01 am

https://financialpost.com/real-estate/property-post/work-from-home-mortgage-securities-default-risk-moodys ”The popularity of working from home in the U.S. is cutting into office tower revenue to the point that it is putting some commercial mortgage-backed securities at risk of default, according to a new report from the credit rating …

Strange Days! US Mortgage Rate Falls To 6.97% As Banking Crisis Persists (Yellen, Bank Consolidations, Bailouts And The Return Of QE)

March 18, 2023 3:34 pm

by confoundedinterest17 Strange days, indeed. Despite endless promises from Washington DC that there would never be another bank bailout, the Biden Administration bailed out Silicon Valley Bank (SVB) by removing the $250,000 cap on deposit insurance. Then Treasury Secretary Janet Yellen …

US Mortgage Rate Rise To 7.13% As Inflation Remains And Fed Counterattacks

March 10, 2023 10:01 amMarch 9, 2023 10:23 am

by confoundedinterest17 As Americans are painfully aware, inflation is still haunting us. Despite Administration proclamations that inflation is declining, it is rising again. And with rising inflation (and an overheated labor market), The Federal Reserve is in full counterattack mode, withdrawing …

Smells like mortgage backed securities blowing up… Debit Suisse goes on MSM pushing Narrative of extreme housing shortage. Coincidence?

March 5, 2023 6:34 pmMarch 3, 2023 2:49 pm

by BoatSurfer600 https://www.20min.ch/story/wegen-wohnungskrise-sp-badran-will-airbnb-verbieten-770437754386 CMBS Delinquency Rate Jumps in February 2023, Second Biggest Jump Since Beginning of COVID-19 @TreppWire pic.twitter.com/8g6yTYsima — LongConvexity (@LONGCONVEXITY) March 3, 2023 on avg the recession starts 27 months after the first hike. We still have time. …

The average 30-year fixed U.S. mortgage rate back to 7.10% Rates jump back to the 7% range… The bond market is collapsing yet again

March 3, 2023 9:35 am

Real estate bros on suicide watch… h/t BoatSurfer600

Mortgage Purchase Demand Decreases, Lowest Level Since 1995 As Fed Removes Punch Bowl (Punch Bowl To Dust Bowl)

March 1, 2023 10:46 am

by confoundedinterest17 Today’s mortgage application (demand) numbers from the Mortgage Bankers Association was disappointing to say the least. Mortgage purchase demand just sank to it lowest level since 1995. Typically, mortgage purchase applications peak in May or June of each year …

So much for starting that family young: Minimum income required to get a mortgage nears $100,000

February 23, 2023 3:51 pm

Minimum income required to get a mortgage nears $100,000. At these rates, even the top 25% of Americans can't qualify until their mid-40's — so much for starting that family young. While the median household will never qualify. pic.twitter.com/bkVGy2mLQw — …

MBA: Mortgage Purchase Applications Decreased Sharply -18.1%, Lowest Since 1995 (Down -41% YoY, Refi Apps Down -72% YoY)

February 22, 2023 6:40 pm

by confoundedinterest17 Mortgage rates increased across all loan types last week, with the 30-year fixed rate jumping 23 basis points to 6.62 percent – the highest rate since November 2022. The jump led to the purchase applications index decreasing 18 …

US Mortgage Applications Decline 7.7% From Last Week As Fed Continues Their Counterattack On Inflation (Purchase Apps Down 43% From Last Year, Refi Apps Down 76%)

February 15, 2023 9:35 pmFebruary 15, 2023 5:14 pm

by confoundedinterest17 US inflation is causing The Federal Reserve to raise interest rates, and mortgage applications are suffering. Mortgage applications decreased 7.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the …

Fragility! The Federal Reserve Is Slow-Walking Its Shrinking Of Mortgage-backed Securities As M2 Money Growth Goes Negative (Mortgage Purchase Demand Down -37% Since Last Year And Down -45% Since February 5, 2021)

February 8, 2023 6:41 pm

by confoundedinterest17 Starting in 2009 with the housing bubble burst and ensuing financial crisis, The Federal Reserve bought agency mortgage-backed securities (MBS) in an effort to provide stability to the then suffering housing and mortgage markets. Flash forward to today …