Smalltownbanker

Mixed Signals: What's Ahead

A better solution for FHA.
1. Reduce loan limits back to normal affordable housing levels and quit trying to support outrageous values in markets that are imploding but sacrificing the FHA.
2. Stop allowing use of the program to refinance people who are under water on their loans and let the investors who made the bad loans to begin with absorb that risk.
3. Give Stephens the power to enforce his initiatives and let them work. He is definitely moving the agency in the righ direction.

Big Box Home Improvement Stores Should Benefit from Government Mortgage Subsidies

It is hard to see value in increased expenditures on home improvement when property values continue to decline. Yes there will be repairs made on discounted properties which have been damaged by neglect and thieves but not enough to bring these stocks back to previous levels.