http://broker.stshomeloan.com The Blog of Home Loan Expert Lee Sharpe Thu, 15 Nov 2007 10:05:15 +0000 http://backend.userland.com/rss092 en The facts speak loud and clear...The questions floating around- Is the US Housing market going to spiral out of control and destroy the US economy? What are the long term effects of the misguided leaders of the subprime lending industry? Will the "Credit Crunch" force the US into a major ... http://broker.stshomeloan.com/2007/11/15/some-would-argue-that-things-are-not-that-bad/ To begin, the standing total for lending institutions that have folded is currently: 185 I am sure that the former employees of these companies would argue that any relief would be "too little, too late"... However, there have been several interesting events in recent weeks that could have both positive and ... http://broker.stshomeloan.com/2007/11/14/is-there-relief-in-sight-for-the-credit-crunch/ In an article that was published in the UK Telegraph August 21, 2007, Financial Analyst, Abrose Evans-Pritchard made some very interesting observations. Pritchard notes that, “root cause of this credit bubble - now popped - the "blame" lies with Asian, European and Anglo Saxon central banks. They created this mess, ... http://broker.stshomeloan.com/2007/10/25/insight-into-how-our-economy-has-influence-worldwide/ Tie all that together- John and Jane cannot afford the new payment, they cannot refinance or sell the home because they are “upside down” on the amount owed. They have no choice but foreclosure. The Lender that forecloses will loose anywhere from 10-20% of the value of the home in ... http://broker.stshomeloan.com/2007/10/25/put-it-together-and-you-get-a-m-e-s-s/ The main causes are high foreclosure rates, excessive losses to the funding sources, a decline in property values (in several large markets), a much greater number of “exotic” mortgages held by consumers, and the adjustment of many ARM loans to levels too high for homeowner’s to maintain. You may be ... http://broker.stshomeloan.com/2007/10/25/cause-and-effect-in-the-housing-sector/ During your busy schedule, you may not have had the opportunity to keep up with everything that has occurred and that is forecasted in the housing and real estate industry. As a homeowner or potential homeowner, many of these events will affect you, be it through changes in the value ... http://broker.stshomeloan.com/2007/10/25/a-quick-look-at-the-hosing-sector/ This year has been a roller coaster ride for the mortgage and housing markets. Early predictions were for a drastic increase in mortgage rates and a bursting of the housing price "bubble". To a certain extent these predictions came true, but as the year closes out, both mortgage and housing ... http://broker.stshomeloan.com/2006/12/20/2006-is-coming-to-a-close-the-year-in-review/ As many people may have heard, the housing market is slowing down across the nation. This presents a remarkable opportunity for potential homebuyers. Three key factors are tipping the scales in your favor- 1) If homes are on the market for longer periods of time, sellers are more flexible on ... http://broker.stshomeloan.com/2006/10/20/why-now-is-the-best-time-to-buy-a-home/ Tuesday's bond market has opened strong following the release of this morning's Producer Price Index (PPI). The stock markets have not had the same reaction to the news though. The Dow is currently down 18 points while the Nasdaq is nearly unchanged form yesterday's close. The bond market is currently ... http://broker.stshomeloan.com/2006/09/19/mortgage-rate-markets-are-strong-we-are-seeing-best-rates-in-months/ Tuesday's bond market has opened down slightly after a new record trade deficit was announced. The stock markets are showing gains with the Dow up 65 points while the Nasdaq has gained 20 points. The bond market is currently down 4/32, which may push this morning's mortgage rates higher by ... http://broker.stshomeloan.com/2006/09/12/is-today-a-good-to-lock-in-the-best-mortgage-rate/