George's Blog

It is my understanding that investor demand for collateralized mortgage obligations (CMO's) and collateralized debt obligations (CDO's) which are backed by the value of mortgage loans created a need for more mortgage loans. The investment firms that were producing the CMOs and CDOs exerted demand...

As I understand it, most residential mortgages are resold into the secondary mortgage market to recapitalize local and regional lenders. The original lender is recapitalized by the sale of the mortgage into the secondary market so they have more money to lend. Additionally, the original lender ha...

The govt needs to develop a plan of action with milestones to reduce the inventory of homes on the market and to stop the decline of prices. In targeted areas the govt can buy up homes at the low end of the market. In some areas where the older homes are delapidated, not up to building code & zon...

The Federal govt should allocate funds to buy up licensed/registered non-commercial vehicles that are over 10 years old for private owners who will use the money to buy an american made non-commercial car or truck that gets over 25 mpg. The govt should pay $5,000 per each vehicle.  In order to pa...

Property owners, private owners or banks, would hold a note, second trust deed, for 20% of the purchase price at 5% simple interest for 5 years to be paid off with one payment at the end of the 5 year term. The note holder would pay no Federal or State income or capital gain taxes on the income ...

With declining property values it is no mystery why lenders are reluctant to lend. Some housing markets like Stockton, CA have already experienced declines in property values up to 40%. A 20% decline in the last 12 months has occurred in more than a few metropolitan markets and there are forecast...

I work on the South West Coast of Oregon. Our inventory of Active Listings will take approximately 4 years to sell off at the current rate of sales. Some listings have been on the market for more than 3 years. It begs the following questions: How do we reduce the inventory?Can we unilaterally set...

The current economic crisis may require a solution greater in scope than the FDR's New Deal. Perhaps one part of this program could be purchasing older homes that were Built with asbestos materials, Painted with lead paint, Non-compliant with current building codes, and Have no historic value. Th...

The govt has been slow to provide a clear explanation of their objectives in this bailout, once again the govt is delinquent in developing the proper regulatory controls needed to ensure the objectives are accomplished in an acceptable manner that properly manages the associated risks; and the go...

Over the past 30 years, home values have risen more than 6 percent annually. 60 percent of the average homeowner's wealth comes from their home. Homeowners benefit from the power of leverage. At an annual appreciation rate of 5 percent, a 10 percent down payment on a home will return 94 percent ...