Deep Fakes Have Burrowed into Home Finance How the GSEs have destroyed the US housing market

[Mejappz]

Robot Dude....you're back!

A special reconnaissance mission was successful.

 

[Surf Cat]

A special reconnaissance mission was successful.

The question is, mellow out or double down?

 

[Mejappz]

Triple down

 

[djd09]

Fannie Mae CEO says she has never seen a housing market like this before​

Priscilla Almodovar talks to MarketWatch about how the lock-in effect, high mortgage rates and climate risk are affecting home buyers​

After two decades working in housing policy, Priscilla Almodovar is intimately familiar with the challenges the U.S. faces when it comes to housing.

The Brooklyn native took the reins of the New York State Housing Finance Agency in 2007 amid a financial crisis that was fueled by a crash in subprime mortgages. Today, buyers are facing the opposite problem: Demand for homes is so insatiable that even as mortgage rates remain elevated and home-insurance costs soar, home prices keep inching up to new record highs.

As the chief executive of Fannie Mae , a government-sponsored enterprise that backs one in four residential mortgages in the U.S., Almodovar, 57, has a front-row seat to it all. That lands her on the MarketWatch 50 list of the most influential people in markets.


“It’s a highly unaffordable market right now. We are monitoring and following all these trends, things that we’ve never seen before,” Almodovar told MarketWatch in an interview.

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www.marketwatch.com

but yet...no appraiser petition for number fudging

 

[Surf Cat]

It’s a highly unaffordable market right now. We are monitoring and following all these trends, things that we’ve never seen before

That's it?? That's the analysis after two decades of being intimately familiar working in housing policy for the State Housing Finance Agency?

She's supposed to facilitate equitable and sustainable access to homeownership and quality, affordable rental housing across America. How's that working out?

Seems like the only front row seat she has is to the bar at 15th street during happy hour. Grab a straw lady, you su*k!

There you go Robot dude, my welcome back post to you.

 

[George Hatch]

Fannie Mae CEO says she has never seen a housing market like this before​

Priscilla Almodovar talks to MarketWatch about how the lock-in effect, high mortgage rates and climate risk are affecting home buyers​

After two decades working in housing policy, Priscilla Almodovar is intimately familiar with the challenges the U.S. faces when it comes to housing.

The Brooklyn native took the reins of the New York State Housing Finance Agency in 2007 amid a financial crisis that was fueled by a crash in subprime mortgages. Today, buyers are facing the opposite problem: Demand for homes is so insatiable that even as mortgage rates remain elevated and home-insurance costs soar, home prices keep inching up to new record highs.

As the chief executive of Fannie Mae , a government-sponsored enterprise that backs one in four residential mortgages in the U.S., Almodovar, 57, has a front-row seat to it all. That lands her on the MarketWatch 50 list of the most influential people in markets.


“It’s a highly unaffordable market right now. We are monitoring and following all these trends, things that we’ve never seen before,” Almodovar told MarketWatch in an interview.

Loading…

www.marketwatch.com

but yet...no appraiser petition for number fudging

The petition came about as a result of appraisers feeling pressured by those clients to overvalue the property whether the transaction involved a sale or a refi.

Are you seeing the same level of complaints from appraisers about the external pressure for value today? Or are appraisers mostly just mad about the fees? (that's a rhetorical question because you and I already both know the answer)

Another thing nobody has ever seen before is the rates of increase on the rents, which IMO contributes to supporting the baseline pricing for entry level purchases via the principle of substitution (payment vs payment). You can't blame that on appraisers. Or the lenders. You can only blame that on the market participants entering into these rental agreements on their own terms. The same as what happens when a property is marketed through the MLS and all the comps have similar sale/list ratios.

 

[djd09]

Fannie Mae CEO, who’s responsible for 1 in 4 U.S. mortgages, says she learned to be a ‘risk manager’ from Jamie Dimon​

MSN

...i wonder if she was in the jpepstien class on how to wash money

 

[djd09]

Fannie Mae CEO, who’s responsible for 1 in 4 U.S. mortgages, says she learned to be a ‘risk manager’ from Jamie Dimon​

MSN

...i wonder if she was in the jpepstien class on how to wash money

can you imagine these crooked banksters laughing while they estimate value for the appraisal waiver...