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Me Thinking Home Mortgage Disclosure Act Data is Improperly Skewed

Started by JeffX · 1 year ago

I had the opportunity to chat with Niki Scevak recently, he’s repurposing data provided by the Home Mortgage Disclosure Act into some very cool and useful charts, maps and other intuitive formats on his new site Mortgage.Homethinking.  After poking around for a bit I quickly realized how terribly skewed one set of data is,SHARETHIS.addEntry({ ... Continue reading »

5 comments

  • zubispeak

    1 year ago

    Jeff, this is a great post and I will look at it from another point of view.
    Any policy or rule is only as good , as the people working with them.
    As long as the customer is trying to get what he wants, not what he needs or can afford , just because his buddy in a golf club has a bigger house and he wants the same,
    there always will be a job for scamers , helping the "blind sheep" to jump off the cliff.
    For a fee, of course!!!

    Numbers don't lie, only people working with them sometimes do !
    reply
  • mortgage

    8 months ago

    hi to all! try my new website, it's http://www.mortgageratereduction.net/ . try to visit it and find out more.....^_^
    reply
  • manhigut

    4 months ago

    Thanks for share another point of view about mortgage.

    seems i need to learn a bit more about mortgage before makes a decision.
    reply
  • Surviving A Recession

    4 months ago

    It would seem to me that the industry really set itself up for failure. As did the borrowers as well. Why would someone set themselves up to fail. Borrowing several times what you can afford is just foolish. It is amazing how people fool themselves or allow themselves to be fooled into justifying something that they know to be wrong. The HDMA numbers shed light not only on abuses in the mortgage industry but also into the way people think.
    reply
  • banks

    3 months ago

    In times of recession, we are indulging in many debts/loans. And sometimes we turned to banks for support instead. We used to see Banks full of money and gold, but after billions in bailout money given to banks, I think these guys are up to something. The average amount of bank charges, for late fees, overdrafts, ATM fees, and the like, is going up. It is a bit abrupt that we, the customers as well as the taxpayers, just gave them more installments loans from our taxes. I don’t think they really helping us when in fact this is the time they must be are umbrella in “rainy days”. It seems like they had better put that bailout money to use so that those of us who paid the taxes to bail them out don't have to get installment loans for charges for using the services of these banks. Now tell me do banks really deserves our trust?
    reply

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