Joyce

5 Comments

    • Homeowners Associations: Villians Or Victims in Foreclosure Crisis? [Housing Tracker] [view article]
      Unless the property has no other mortgages and liens, why would anyone want to buy at the foreclosure of homeowner's liens? Unlike municipal real estate taxes, local statutes don't usually deem homeowners' dues as superior liens. When someone buys at the foreclosure of a homeowner's association dues, the property is still subject to all liens superior to the homeowner's association - including any mortgage.
      Jun 03 01:50 PM
    • Bank Borrowing Costs on the Rise [view article]
      Description of the buyers would be most interesting & useful in analysis of the potential decline of the US dollar. My prediction: non-US buyers will not be interested in holding alternative instruments which should cause further decline in US currency. Nov 20 11:34 PM
    • Margin Debt Grows; Risk Grows Too [view article]
      Please spell correctly. Misuse of "it's" when "its" would be correct forces the reader to reconsider the logic of your analysis.
      In your sentence
      "It's not just the total amount of margin, but rather, it's percentage as a share
      of total market cap"
      I think that your use of the second "it's" is as a possessive ["its"] not as an abbreviation of "it is."       Oct 22 12:55 PM
    • Subprime Mortgages Crossing Income and Credit Strata [view article]
      I have always thought that most of such instruments were used by high-income earners willing to take the risk that the interest rate would go up since their monthly income would also rise.
      Over the last 5 years, I've had a number of questions regarding alternative financing instruments: Who ultimately owns them? When will the interest rate be recalculated? How is the new interest rate calculated? Your article answered some of these.

      In order to maintain the assessment values of their "inventory" of real estate, states & other municipal entities need to have borrowers stay in their home by lenders' renegotiating loans. If borrowers (voters) are foreclosed & evicted, will municipalities help their voters find other housing? So such muncipalities may lose inventory value & also have a greater debt loan. I discovered that many alternative instruments were ultimately bought by China, pension funds & insurance companies -- none of whom seem likely to want to renegotiate individual loans with individual borrowers.


      Oct 12 03:37 PM
    • Why Do We Want People to Own Homes? [view article]
      Has there been an analysis of what is available for rental units for those persons who lose their home from foreclosure?
      Helping potential voters keep their homes is preferred politically. Unless the US wants to pay for "universal home ownership," Congress & the President's Departments will not be able to save everyone       Sep 06 11:39 PM
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