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#mortgage — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #mortgage, aggregated by home.social.

  1. keenlens.substack.com/p/the-ba

    'I see everyday #politicians repeat like parrots #economic propositions they don't even start to understand, defending a model that a central #bank admitted was wrong over twelve years ago. ... The #Greens propose actual structural change and get labelled "communist" by people who have never read a balance sheet or a #Lenin text. The heterodox approach #predicted #2008, predicted the #housing #crisis, and predicted the current private #debt trap. The orthodox models predicted none of it ...'

    'The orthodox model was declared wrong by the Bank of #England in 2014. Their paper “#Money Creation in the Modern Economy” stated plainly: #banks do not lend out deposited #reserves in a multiplier chain. Banks create #deposits when they make #loans ...'

    (NZ's Social Credit Party got a Court to agree five decades earlier.)

    'The consequences are not theoretical or academic. When you worship the wrong model, you can’t do anything else than design the wrong #policy. You pretend not to see the #monopoly extracting over 6 billions from a #mortgage market they control 87% of. You don’t see that raising rates shift #income from #borrowers to banks and does not touch the supply of housing stock. You end up believing the #household metaphor is literal — that the Crown pockets are empty — when #NZ’s #Crown debt is 44% of #GDP...'

    (The OECD average is about twice that.)

    '... #Galileo was almost burned at stake for simply asking the #Inquisition #judges to look in the telescope. Same old, same old.'
    '.....
    'Gentlemen, it is clear cut #class #warfare, and the #vested interests are so encrusted in #society that they are winning. Remember that their main weakness is in numbers, they are damaging and literally #robbing the majority of us, of the New Zealand society and brainwashing many trees to think that voting for the axe is the #prudent, #family sensible thing to do. The only chance you have is when numbers talk. The #election is coming...'

  2. The Sydneysiders saving thousands by leaving the city on ‘financial gap year’

    Sydney schoolteacher Hayley Reynolds always wanted to work overseas, but it was never meant to be long-term. After…
    #NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #Business #costofliving #Dubai #emeraldcity #farming #financialgapyear #mortgage #rent #Sydney #teaching #UAE
    newsbeep.com/us/164234/

  3. The Sydneysiders saving thousands by leaving the city on ‘financial gap year’

    Sydney schoolteacher Hayley Reynolds always wanted to work overseas, but it was never meant to be long-term. After…
    #NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #Business #costofliving #Dubai #emeraldcity #farming #financialgapyear #mortgage #rent #Sydney #teaching #UAE
    newsbeep.com/us/164234/

  4. ''Evdeki hayatının her anında sevap kazanır..
    Gerçekten örnek alınacak bir insan birini bulamazsın ki, arkasında onlar olmasın...''

    #kadın #anne #evhanımı #aile # #işkadını #köle #esaret #esir #para #lüks #mortgage #kredi #banka #kozmetik #taksit

  5. ''Evdeki hayatının her anında sevap kazanır..
    Gerçekten örnek alınacak bir insan birini bulamazsın ki, arkasında onlar olmasın...''

    #kadın #anne #evhanımı #aile # #işkadını #köle #esaret #esir #para #lüks #mortgage #kredi #banka #kozmetik #taksit

  6. ''Evdeki hayatının her anında sevap kazanır..
    Gerçekten örnek alınacak bir insan birini bulamazsın ki, arkasında onlar olmasın...''

    #kadın #anne #evhanımı #aile # #işkadını #köle #esaret #esir #para #lüks #mortgage #kredi #banka #kozmetik #taksit

  7. Anyone who's ever had a mortgage with Mr. Cooper is now at risk for ID theft and other fraud, because the leak includes SSN and bank account information.

    Anyone affected should immediately start monitoring all financial accounts on a regular basis (weekly if possible) and checking credit reports on a regular basis (these are now available weekly).

    #MrCooper #Nationstar #DataBreach #IDTheft #Mortgage

  8. Last Friday, the huge mortgage servicing company notified state and federal regulators that the recent cyber attack affected "substantially all of our current and former customers" and resulted in a leak of:

    • customer names
    • addresses
    • dates of birth
    • phone numbers
    • Social Security numbers, and
    • bank account numbers.

    👇

    #MrCooper #Nationstar #DataBreach #IDTheft #Mortgage

  9. Mr. Cooper just spilled the beans - again.

    If Mr. Cooper has ever handled your mortgage, you might remember a couple of months ago when the mortgage firm stopped taking online payments due to a cyberattack.

    👇

    #MrCooper #Nationstar #DataBreach #IDTheft #Mortgage

  10. Troubles with buying a #house in #Spain. After having viewed many houses, we found a suitable one in #AlhaurínElGrande.

    The #realtor assured us that everything is fine, it has all the papers and a #municipal #sewer connection.

    Of course I needed #inspections to make sure so we made an initial offer agreement which states that the sellers will fix any minor problems that arise from inspections and otherwise and if not, the offer is void.

    Then the realtor said that it actually has a #SepticTank, a proper one of the total oxidation type which is mandatory by law. Ok, they accepted my offer which was a bit lower than what they asked for so a septic tank is fine by me.

    An inspection found leaking roofs, moisture rising from the floors, damp damage, #asbestos, bad design of using a sewage pump from downstairs toilet uphill, and failing A/C units, among other things.

    Their lawyer spend weeks trying to track down the #LicenciaDePrimeraOcupación from archives, and when it became clear they don't have it, they tried to hide the fact from me. Instead they contacted the #mortgage #bank manager directly and negotiated the missing #LPO with him, I'm assuming with an implication that I would be later responsible for getting it.

    Then I ask the realtor one more time about what sort of a septic tank it has as they had a plumber visit to fix some things and make sure. She says, it's actually a #PozoCiego (i.e. a #PozoNegro, an illegal hole in the ground). It's explicitly illegal on all levels from #EU #directives to municipal #regulations in Alhaurín el Grande, and the area is in the flow basin of #Guadalhorce natural #conservation area.

    Ok, that's illegal and prevents an LPO being granted.

    I tell them to replace the illegal pozo negro with a legal septic tank, get the LPO, fix the roofs and the moisture damage, and get rid of the asbestos.

    They unsurprisingly refused. They say an illegal pozo negro is "not illegal, and is more environmental than a plastic septic tank which breaks down, and never needs maintenance". And a zillion excuses. "Most houses are moving to pozo negro now because it's better than a septic tank". "An LPO isn't needed, the house was legal when it was built and it wasn't needed when the previous owners bought it".

    I gave them a chance to fix the deficiencies and now I'm waiting for the offer to expire so that I can get my deposit back, and because of dishonest behavior by the sellers I will send them the bill for my expenses for the external inspection.

    The story continues in real time.

  11. For all those "it was just as hard for us when we bought our first house"...

    Fact is, it wasn't. It was MUCH easier. That's not to say it was easy. But it was definitely more achievable 30/40/50 years ago.

    #Mortgage #FirstTimeBuyer #HousingMarket #Economics