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On 1/6/2020 3:17 PM, Regulation Of Commerce wrote:

250 Year Fixed, No Doc, 100% Loan-To-Value, Conforming Loans are needed.

A 250 year fixed payment is equal to an Interest-Only payment.

We can still have teaser rates for the first 5-10 years, to build equity and then
refinance.

The 5/1's are still a time bomb waiting to happen, as soon as the housing market
falls again.

Mortgages with adjustable payments are a time bomb waiting to happen, as soon as
the housing market falls again.

The payment must stay the same for the life of the loan, though the rate can change.

The 250 Year Fixed, 100% Loan-To-Value, Conforming Loans are needed, No Doc for
primary loan, doesn't have to be a residence, one could rent as a vacation property.

No two years of employment proven. Buy at will, to live in or rent as vacation
property.

When there is a decedent, property passes to an heir. The heir must refinance. The property is reappraised before any refinancing. Structures may last 100's of
years with repairs. The question is not different from refinancing a 100+ year old structure which exist in Europe, like a castle. Vs. a manufactured home. So
even if the structure isn't going to last 250 years, the life of the borrower isn't going to last either, limiting the actual term of the loan to their lifetime, over which the structure likely will last, but reducing the payment to
an interest-only payment, which was the entire point of the idea, the 250 year fixed notion additionally clarifies there is no notion of paying off the loan.

I'm not a troll, and this is a real solution to our housing problem which will eliminate renting, and allow everyone to buy today.

250 Year Fixed, No Doc, 100% LTV, Primary Conforming Loans Are Needed.

The payment must stay the same for the life of the loan. Teaser rates will allow
refinancing into new teaser rates every 5-10 years, and build equity, getting loan
to value down to 95%, as a 5-year 3% teaser, on a 4% 250-year fixed, will equate
to a blended 3.98% over 250 years, but the entire savings will be in the first 5
years because of the mandated same payment.

(For a 10-year 3% teaser, the blended rate would be 3.96%, and the LTV would be 90% after 10 years.)

This is a much better solution than 5/1, 10/1 ARMs, and adjustable payment mortgages should be outlawed, - but adjustable *rate* mortgages should be encouraged on behalf of consumers.

How come we don't have teaser rates on 30-year fixed today? Just buffoonery? Couldn't conceive of it? Well, this is a better idea. Yes, I'm smart. Deal with it.


You'd think the bank would not be with adjustable payments. The bank's just making a bet. If it wins, it wins. If it looses, the taxpayers bail it out.

But then why not just lend more risky, like lower rates for everybody, and higher
or 100% LTVs anyhow.

Is the bank really just so stupid it doesn't realize the folly of a 5/1 ARM?

It's trying to make something out of nothing, and solve the housing problem that
way. But it's a joke. A 5/1 ARM's a bet. And it's a bet that will leave somebody homeless. At least with a 100%-LTV 250-year fixed payment, the payment
stays the same. And the interest-only equivalent low payment lets people buy today. Something you couldn't achieve with a 30-year fixed. Their bad solution
of a temporary low rate with adjustable payments, or interest-only payments for 10
years or less, is not a sound solution for perpetual home ownership. The American
people deserve a better answer.

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