Berkeley CSUA MOTD:Entry 49333
Berkeley CSUA MOTD
2019/12/10 [General] UID:1000 Activity:popular

2008/3/4 [Reference/RealEstate, Finance/Investment] UID:49333 Activity:nil 85%like:49335
3/4     Um, holy crap?
2019/12/10 [General] UID:1000 Activity:popular

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2013/8/1-10/28 [Reference/RealEstate] UID:54722 Activity:nil
8/1     Suppose your house is already paid off and you retire at 65.
        How much expense does one expect to spend a year, in the Bay
        Area? Property tax will be about $10K/year for a modest $850K
        home. What about other stuff?
        \_ I think at age 65, health insurance is the next biggest expense.
        \_ I am thinking that we can have a nice middle class
2013/7/31-9/16 [Reference/RealEstate, Finance/Investment] UID:54720 Activity:nil
7[31    Suppose you have a few hundred thousand dollars in the bank earning
        minimum interest rate and you're not sure whether you're going to
        buy a house in 1-5 years. Should one put that money in a more
        risky place like Vanguard ETFs and index funds, given that the
        horizon is only 1-5 years?
        \_ I have a very similar problem, in that I have a bunch of cash
2013/3/11-4/16 [Reference/RealEstate] UID:54622 Activity:nil
3/10    I'm trying to help my parents, in their mortgage there's an
        "escrow" amount. What exactly is this? From reading Google,
        the loan company uses the escrow account to pay for home
        insurance, but they've been paying home insurance themselves.
        I'm really confused on what this fee is.
        \_ Without an escrow account, you write checks to your insurance
2013/2/19-3/26 [Reference/RealEstate] UID:54610 Activity:nil
2/19    I just realized that my real estate broker has a PhD in plant
        molecular cell biology from an Ivy League school in the mid 70s.
        Now she has to deal with a bunch of young dot-comers, and they're
        pain in the ass.                        -Only a BS in EEC$
        \_ My agent used to be a hardware engineer.  He switched to real estate
           when he got laid off during the 80's.  Now he's doing very well.
2013/1/16-2/17 [Industry/Startup, Finance/Investment] UID:54582 Activity:nil
1/16    Fred Wilson says you should focus on the cash value of your
        options, not the percentages:
        \_ Or at least, so says a VC trying increase his profit margin...
        \_ A VC wants to keep as much of the stock for themselves (and give
           as little to employees as possible).  That maximizes their return.
2011/9/21-11/8 [Finance/Investment] UID:54178 Activity:nil 63%like:54180
9/21    I'd like to run a test algorithm on the stock market. Where's a
        good source to get stock market price (minute-per-minute resolution)
        I've been away procreating. Looks like wall is no more. Where have all of
        the old-timers gone to chat/argue/share? How are we all communicating these
        days. Sorry for the ignorant questions. :( -- joeking
2011/8/7-27 [Finance/Investment] UID:54157 Activity:nil
8/7     Can one of you stock market gurus explain the impact of the
        S&P downgrade to AA+? What would this mean for bonds and stock
        market in general?
        \_ stock volatility is up, and I'm making money! -week trader
           \_ made several $$$ yesterday from the panic.
              I love volatility.                -week trader
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Edit Alerts TRADING CENTER Bernanke urges more principal writedowns to avert foreclosures UPDATE March 04, 2008: 11:08 AM EST (updates analyst comment) WASHINGTON, Mar 4, 2008 (Thomson Financial delivered by Newstex) -- Federal Reserve Board chairman Ben Bernanke today called for vigorous action by mortgage lenders to avoid foreclosures and help stabilize the housing market as well as the economy. He had nothing to say about current monetary policy or the economic outlook other than that he expects house prices to continue to decline. Bernanke said writing down the principal on many more mortgages could not only do more to stabilize house prices in the long term, but is in the lenders' and investors' best economic interest. In many cases, when a homeowner has little or no equity left, 'a stressed borrower has less ability and less financial incentive to try to remain in the home,' Bernanke said. Typical loan modifications have so far focused on interest rate reductions and principal writedowns have been 'quite rare', Bernanke said in prepared remarks to a community bankers convention in Orlando. That could simply be because the mortgage servicers are more familiar with rate reductions, he said. There are substantial incentives for lenders to modify loans to avoid foreclosure. Bernanke cited statistics from the fourth quarter of last year that showed total losses exceeding 50 pct of the principal balance plus another 10 pct of capital loss for expenses in a typical foreclosure. The barriers include rules of the trusts holding the mortgages, compliance costs and litigation risks. If house prices continue to fall they might be pressured to write down principal again. If house prices turn up instead, they will not share any of the gains. There has been some progress in reducing the disincentives for workouts, Bernanke said. While lenders and servicers in the HOPE NOW alliance and American Securitization Forum have worked out some standardized foreclosure avoidance plans, they may offer only 'temporary palliatives which may only put off foreclosure and perhaps increase ultimate costs,' Bernanke said. That would 'remove the downside risk to investors of additional writedowns or a re-default'. What Bernanke is trying to convince the lenders 'is that it is far more preferable that the markets absorb the losses caused by a combination of unwise lending, minimal risk management practices and outright loan fraud than having Washington craft a Resolution Trust Corporation style bailout of financial institutions, banks and speculators,' Brusuelas said. Bernanke also urged Congress to move quickly on modernization of the Federal Housing Administration rules that would allow it to guarantee many more refinancings. He also urged it to enact better supervision for Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) That, combined with new capital-raising would allow them to 'expand significantly' the number of mortgages they securitize and do more to help distressed borrowers. Asked about the burden new mortgage lending regulations might pose, Bernanke pointed out that the small community banks represented at the convention have only rarely gotten into the subprime business. If, however, they decide to begin helping distressed homeowners in their communities, the new regulations will at least put them on a level playing field with the non-bank mortgage lenders, who have until now dominated the field. com dem/ss/dem/jrr/dem/wash/cmr Copyright Thomson Financial News Limited 2007. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. Business Leader Council Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges.