I usually only blog original content but I'm snagging some information conveyed by my friend Laine Caspi - Insurance Agent/Agency Owner at Paratus Insurance Services that's relevant to the insurance issues in California. There's banter about the insurance companies being greedy, but what we do ... » Learn More about Insurance In California, The Mess Explained
Regulations and Laws
Revamped Mortgage Pricing: Favoring Risky Borrowers, Penalizing the Creditworthy
When the 'Ability To Repay' portion of the Dodd Frank regulations was written, the focus was to ensure the solidity of mortgages and the secondary mortgage market, and to provide loans to qualified borrowers. The current political emphasis is on reducing costs and lowering rates for borrowers with ... » Learn More about Revamped Mortgage Pricing: Favoring Risky Borrowers, Penalizing the Creditworthy
From Enforcement to Equality: Reassessing Crime-Free Housing Policies in Light of Racial Disparity
Because of crime levels rising through the years, some cities, including Los Angeles, enacted “Crime-Free Housing” Policies requiring landlords to evict tenants accused of breaking the law. In many ways, the policy turned the Housing Providers into a quasi police force, where they couldn’t turn a ... » Learn More about From Enforcement to Equality: Reassessing Crime-Free Housing Policies in Light of Racial Disparity
How Some Banks Fail, and Some Grow
There have always been bank failures. Some are poorly managed, some too heavily exposed to a volatile commodity, and some are just nailed by the economy with inadequate reserves to weather the storm. There are still 4,000+ commercial banks in the United States, but this diagram shows how over the ... » Learn More about How Some Banks Fail, and Some Grow
Mortgage Rates and Bank Issues- How They Correlate
Many times history repeats, with a twist. In 2008 the “Residential” Mortgage Backed Securities (MBS) put pressure on the financial system because the credit quality of the mortgages was poor. Subsequently, underwriting guidelines tighten, and the quality of the present loans is excellent. We ... » Learn More about Mortgage Rates and Bank Issues- How They Correlate