Private Transfer Fees Affect Home Pricing and Marketability

April 25th, 2016 Categories: Random Thoughts

Over the last decade, real estate developers have begun to use private transfer fees to generate long-term income. The fees, typically 1% to 1.75% of the sale price of a property, have to be paid to the developer each time the title to the property changes hands, as it does during a home sale. Read the rest of this entry »

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Why FHA Supports Home Values

July 8th, 2015 Categories: Random Thoughts

When the recession tanked housing, private mortgage insurers turned away from the mortgage market. FHA stayed and continued to insure loans so homeowners could get mortgages to purchase and refinance their homes.

FHA went from insuring 3.77% of mortgages in FY 2006 to insuring 19.13% of all mortgages in FY 2010. FHA’s market share rose not because it offers a better deal than the private sector, but because the private sector wasn’t making loans available. Read the rest of this entry »

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