News Alerts. Nov. 2, 2013. Morning Edition. #RealEstate

Linking ≠ endorsement. Enjoy and share:

  1. Confounded Interest | Ranieri Says Tight Mortgage Lending May Be Worse Than Crisis (How About Borrowers??)

    Tony Sanders reports:

    Mortgage-backed securities legend Lew Ranieri ["Ranieri, the chairman of Uniondale, New York-based Ranieri Partners,"] made an impassioned plea for regulators to loosen credit standards on home loans at the Mortgage Bankers Association (MBA) annual conference in Washington D.C.

    Oct. 28 (Bloomberg) — By Jody Shenn – The U.S. mortgage market has experienced an "irrational restriction" of credit as lenders and regulators overreact to the loose lending during the bubble that burst in 2007, mortgage-bond pioneer Lewis Ranieri said.

    "If this legacy persists the consequences will be more profound for the country than the economic losses" caused by the bust, Ranieri said today at an annual conference hosted by the Mortgage Bankers Association in Washington.

    We need to not relax standards to the point where a national bubble will form. It wouldn't be good for anyone. Those who would think they are benefiting would only be hurt along with everyone else in the subsequent bursting of that bubble. Very, very few people gain from a collapse (from shorting stocks and so forth). Way too many people are hurt, wiped out. Agreed?

    Source … 2013/10/28/ranieri-says-tight-mortgage-l ending-may-be-worse-than-crisis-how-abou t-borrowers/

  2. Japanese Consumers Spending More As Economy Recovers – Real Time Economics – WSJ

    By Kosaku Narioka:

    …many economists say the underlying spending trend remains somewhat weak, due in part to wages not rising.

    Sales will fall off after the tax kicks in too.

    In our view, the tax increase is a mistake. They should have waited for the economy to pick up much more before increasing taxes.

    Source … 9/japanese-consumers-spending-more-as-ec onomy-recovers/

  3. What Is Private Equity Real Estate? (with picture)

    Private equity real estate is an investment opportunity in which multiple investors pool funds and invest in ownership of various real estate properties. This type of investment is achieved when individuals make a significant initial commitment of capital to a managed fund that scouts out the potential real estate investments. Strategies used by these funds vary in terms of risk involved and the types of property considered viable for investment.

    Source … equity-real-estate.htm

If you are an investor in 1-4 unit properties in Arizona, California, Nevada, Oregon, Utah, or Washington, please do the financially responsible thing and make sure you have proper Landlord Insurance with PropertyPak™. We love focusing on real estate and the economy in general, but we are also here to serve your insurance needs.

Hill & Usher (PropertyPak™ is a division) has many insurance offerings. See our menu above for more info and links.

Did this post help you? Let us know by leaving your comment below.

Note: This blog does not provide legal, financial, or accounting advice. Seek professional counsel.

Furthermore, we, as insurance producers, are prohibited by law from disparaging the insurance industry, carriers, other producers, etc. With that in mind, we provide links without staking out positions that violate the law. We provide them solely from a public-policy standpoint wherein we encourage our industry to be sure our profits, etc., are fair and balanced.

We do not necessarily fact checked the contents of every linked article or page, etc.

If we were to conclude any part or parts of our industry are in violation of fundamental fairness and the legal standards of a state or states, we'd address the issue through proper, legal channels. We trust you understand.

The laws that tie our tongues, so to speak, are designed to keep the public from losing confidence in the industry and the regulatory system overseeing it. Insurance commissioners around the country work very hard to analyze rates and to not allow the industry to be damaged by bad rate-settings and changes in coverages. The proper way for people in the industry to deal with such matters is by adhering to the laws, rules, and regulations of the applicable states and within industry associations where such matters may be discussed in private without giving the industry unnecessary black eyes. Ethics is very high on the list in the insurance industry, and we don't want to lose the people's trust. That said, the industry is not perfect; but what industry is?

For our part, we believe in strong regulations and strong regulators.

We welcome your comments and ask you to keep in mind that we cannot and will not reply in any way or ways where any insurance commissioner could rightly say we've violated the law of the given state.

We are allowed to share rating-bureau data/reports and industry-consultant opinions but make clear here that those opinions are theirs and do not necessarily reflect our position.