http://www.therealestatebloggers.com/2009/04/15/robert-shiller-on-mortgage-risk/ Real Estate Blog, Mortgage, and Development News Sat, 20 Mar 2010 11:25:08 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.therealestatebloggers.com/2009/04/15/robert-shiller-on-mortgage-risk/comment-page-1/#comment-371539 randi Fri, 24 Apr 2009 11:56:44 +0000 http://www.therealestatebloggers.com/2009/04/15/robert-shiller-on-mortgage-risk/#comment-371539 yep, a nice blog, i have a few blogs and sites too yep, a nice blog, i have a few blogs and sites too

]]> http://www.therealestatebloggers.com/2009/04/15/robert-shiller-on-mortgage-risk/comment-page-1/#comment-370227 Ways to pay off debt Mon, 20 Apr 2009 17:19:29 +0000 http://www.therealestatebloggers.com/2009/04/15/robert-shiller-on-mortgage-risk/#comment-370227 I really like your blog,great posts about real estate,can we exchange links i also have a few financial sites. Thanks I really like your blog,great posts about real estate,can we exchange links i also have a few financial sites.
Thanks

]]> http://www.therealestatebloggers.com/2009/04/15/robert-shiller-on-mortgage-risk/comment-page-1/#comment-369623 Manassas VA Homes Fri, 17 Apr 2009 21:22:37 +0000 http://www.therealestatebloggers.com/2009/04/15/robert-shiller-on-mortgage-risk/#comment-369623 In many markets the buyers reached for the sky with little or no money down, all closing costs were included in the sales price, and so were all the extras and the upgrades. It is like someone kicking the stool out underneath you and you have a noose around your neck. In many markets the buyers reached for the sky with little or no money down, all closing costs were included in the sales price, and so were all the extras and the upgrades. It is like someone kicking the stool out underneath you and you have a noose around your neck.

]]> http://www.therealestatebloggers.com/2009/04/15/robert-shiller-on-mortgage-risk/comment-page-1/#comment-369194 Portland Real Estate Wed, 15 Apr 2009 20:35:11 +0000 http://www.therealestatebloggers.com/2009/04/15/robert-shiller-on-mortgage-risk/#comment-369194 Too many layers of management is another problem that Schiller did not have time to cover. When you have a huge corporation like Freddie Mac or Fannie Mae, things get too large to manage and audit so they get away with fraud for years without being caught. Too many layers of management is another problem that Schiller did not have time to cover. When you have a huge corporation like Freddie Mac or Fannie Mae, things get too large to manage and audit so they get away with fraud for years without being caught.

]]> http://www.therealestatebloggers.com/2009/04/15/robert-shiller-on-mortgage-risk/comment-page-1/#comment-369147 Joshua Dorkin @ BiggerPockets Wed, 15 Apr 2009 14:50:52 +0000 http://www.therealestatebloggers.com/2009/04/15/robert-shiller-on-mortgage-risk/#comment-369147 Shiller makes a good point . . . it would seems that the prospect of being upside down is one that shouldn't be feasible as far as home ownership is concerned. As we increased the amount of risk we all took on, the likelyhood of disaster only increased. The big question remaining is how to change the system to reduce that risk. It would seem that increasing lending standards is a start, but how far do you go? Force down payments of 25%, 30%? Eliminate loans created to make ownership more affordable? There is much to discuss and decide for anyone willing to tackle this situation. Shiller makes a good point . . . it would seems that the prospect of being upside down is one that shouldn’t be feasible as far as home ownership is concerned. As we increased the amount of risk we all took on, the likelyhood of disaster only increased. The big question remaining is how to change the system to reduce that risk. It would seem that increasing lending standards is a start, but how far do you go? Force down payments of 25%, 30%? Eliminate loans created to make ownership more affordable? There is much to discuss and decide for anyone willing to tackle this situation.

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