Archive for MichaelWhite
Michael White is the CEO of The New Mortgage Company. He has seventeen years in real estate as lender, owner, and mortgage originator. He has purchased and sold more than 275 properties for his own account, made hundreds of real estate loans for his portfolio, and originated hundreds of mortgages as a broker.
Predatory Deception Falsifies New York Times Editorial on Mortgage Brokers
You have called for yield spread to be outlawed in the same editorial where you described it as “totally justified”. You have argued against “high-priced” loans, but your policy would have the effect of requiring that all brokered loans be high-cost mortgages paid with points.
10Feb2010 | MichaelWhite | 28 comments | Continued
Default As A Patriotic Duty
The President of the Financial Crisis Stimulates Systemic Long-Term Unemployment. Consumer Advocates Attack Creation Of Affordable Housing. *** I read a mysterious statement the other day. “My data show that between 1890 and 1990 real home prices actually didn’t increase,” said Robert Shiller, in Newsweek (Dec 30, 2009), Why We’ll Always Have More Money Than […]
11Jan2010 | MichaelWhite | 11 comments | Continued
The New Year’s Guide of 10 Key Charts To See Before Buying A Home
Ten housing charts (Including Affordability, Inventory, Delinquent Mortgages, Rates and others) that should make you question if now is really a good time to buy a home.
2Jan2010 | MichaelWhite | 1 comment | Continued
The Numbers Still Say 30% Down 30% To Go
It’s very nice that values achieved a gain of .013% in October, but we still have a 30% fall ahead of us and, as you know, we have a 30% fall behind us. Better send in your mortgage payment.
30Dec2009 | MichaelWhite | 1 comment | Continued
Fed Treasury Choke On Kryptonite
The housing market remains oversupplied by 860,000 units when compared to a 10-year average inventory and the overhang represents a direct contradiction to the spirit of Tuesday’s headlines describing new data from the National Association of Realtors. Major media said that “Home Sales Exceed Forecasts” (Bloomberg) and “Sales Rise 7.4%” (Wall Street Journal) and “Sales […]
23Dec2009 | MichaelWhite | 3 comments | Continued
Four More Years To Fall
The exhaustive Freddie Mac price index predicts prices will continue to fall for the next four years as the index fell 2% nationwide in the 3rd quarter.
9Dec2009 | MichaelWhite | 2 comments | Continued
Losses and Zombie Debt in Residential Mortgages Surpass $5 Trillion
Mortgage debt of $5.6 trillion is a bubble legacy and the most obvious source of a renewal of the financial crisis.
25Nov2009 | MichaelWhite | 1 comment | Continued
Case-Shiller Still Predicts Massive 45% Fall From Today’s Values
The 10 major cities in the Standard & Poor’s/Case-Shiller home price index have risen 5% from their April low, but the index is still predicting a massive 45% fall from today’s values.
24Nov2009 | MichaelWhite | 52 comments | Continued
Single-Family Inventories Remain Oversupplied by 900,000 Units
Inventory of single-family homes fell 60,000 units in October. They remain oversupplied by 908,000 units when compared to the long-run average.
23Nov2009 | MichaelWhite | 3 comments | Continued
Implode-O-Meter News- An error has occurred, which probably means the feed is down. Try again later.
- Mortgage Lender Implosions and Updates
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- Bank Implosions and Updates
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- Hedge Fund Implosions and Updates
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- Builder Implosions and Updates
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Further to my comment of 9 August 2016, unlike the old Bank Rate system with its high interest rates, Quantitative…