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Ramsey Su

Ramsey Su

Ramsey Su was a real estate broker who specialized in all aspects of foreclosures. His career started during the Volcker era in the early 1980s. In addition to acting as broker for bank owned properties, Ramsey also acted as consultant, court appointed receiver, manager for distressed properties, work outs and as a real estate investment adviser. Currently, Ramsey is an independent analyst, focused on the rapidly changing world of real estate today.

Articles by Ramsey Su

The Helicopter Mortgage

August 1, 2016

  Medical vs. Financial Engineering I broke my elbow a month ago, pretty badly as I was told.  The surgeon screwed the pieces back together, using a steel alloy bracket and six screws.  Two hours later, I left the hospital with no cast, a bandage (just to cover a very ugly scar), a prescription for …

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Housing Affordability – A Dose of Reality

July 5, 2016

  Restless Peasants First, a few quick words on Brexit.  Being the always positive and optimistic person that I am (big grin), I see one very positive outcome of Brexit – it is a revolution without bloodshed.   The peasants are getting restless… Illustration via squadron.com   For once, I’m not digressing.  Brexit has a …

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Is it Time to Buy Real Estate? Yes and No

June 7, 2016

  Is it Time to Buy Income-Producing Real Estate?  No, No, No. Much to the dismay of my real estate buddies, who are complaining about how high prices while watching the cash flow of their portfolios bursting at the seams from a few good years of rent increases, the answer is no.   REIT cap …

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Why is Freddie Mac Reporting a Loss?

May 9, 2016

  A Sudden Turn for the Worse Freddie Mac posted a loss of $354 million this quarter, versus a $2.16 billion gain the previous quarter.  Fannie Mae did slightly better with net earnings of $1.1 billion, which were still substantially down from $2.5 billion the previous quarter though.   Freddie Mac HQ – a strange …

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Good Times, Bad Times – Real Estate and Aging

March 11, 2016

  A Mountain of Debt – But at Least We Have an iPhone Whenever I encounter someone from the younger generation (40 years or younger), I make it a point to apologize for leaving them a country in far worse shape than the one I enjoyed.  Surprisingly, none of them believe that apologies are necessary, …

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Black Knight – One of the Best Real Estate Indicators

February 23, 2016

  An Ominous Jump in Delinquent Mortgages Black Knight Financial Services used to be LPS.  The name was changed after the sale to Fidelity.   Image via housingwire.com   For non-paying customers, BK offers a “first look” into the state of mortgage markets.  I pay specific attention to one piece of data, namely the “total US loan …

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The Negative Mortgage Rate Program (NMRP)

February 12, 2016

  Something Needs to be Done – A Glimpse of the Future In the summer of 2016, US and global economic growth rates are nowhere close to estimates.  In fact, a global recession, or worse, is imminent.  At home, student loan defaults are now close to 100%.  The unemployment rate is climbing, as minimum wage …

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Fed Action and the Real Estate Market

January 4, 2016

  Rate Hikes and the Fed’s Goals Finally, a 1/4% increase in Federal Funds rate. The immediate response from the banks was 1/4% hike in the prime rate to 3.5%.  This may have some effect on HELOCs.  Adjustable mortgages facing reset may also see some changes.  These minor adjustments should however have no direct impact …

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The GSEs: A Ticking Time Bomb

December 14, 2015

  Government Handouts Galore Time flies.  It has been over seven years since the agencies, Freddie and Fannie, were placed under the conservatorship of the Treasury.  Think of it as a bankruptcy filing.   The difference being that there has been no reorganization plan, nor a liquidation plan.  In fact, there has been no plan …

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Is Judgment Day At Hand?

November 11, 2015

  What is Judgment Day? It is like ancient times that the Feds, under Greenspan, somehow decided that US needed to follow a zero interest rate policy, a policy now known as the ZIRP.  It was 2008 when Bernanke gave birth to the term Quantitative Easing, QE. QE was followed by Operation Twist, and its sequels …

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