Posted on 03/16/2024 9:06:31 AM PDT by Kaiser8408a
Households have too much debt, thanks to trying to cope with Bidenomics and Bidenflation.
And much of the debt burden falls on the middle class.
And lowest earners saw the biggest increase in credit card delinquenices.
And who voters prefer as of today? Trump on interest rates and personal debt.
In addition to the absurd idea of removing title searches for government-guaranteed mortgages (now rely on attorney opinions), the Biden Administration is considering a homebuyer tax credit … that likely won’t help much.
And if you want to see which lenders have the largest concentrations of commercial real estate (CRE) loans, BankOZK takes the cake as the most concentrated lender.
The more the Biden Administration tries to “help” make housing more affordable, paradoxically makes housing even MORE unaffordable.
(Excerpt) Read more at confoundedinterest.net ...
The cost of title insurance is so far down on the list of homeownership expenses, it’s laughable.
Criminals and scammers will exploit this until it causes another disaster down the road.
<>In addition to the absurd idea of removing title searches for government-guaranteed mortgages (now rely on attorney opinions)<>
Rely on closing attorney opinions?
I’m not a lawyer, but if I was a lawyer why would I expose myself to such immense risk?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.