{"id":9293,"date":"2009-07-24T08:45:06","date_gmt":"2009-07-24T15:45:06","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=9293"},"modified":"2009-07-24T08:45:06","modified_gmt":"2009-07-24T15:45:06","slug":"whats-an-exit-strategy-and-why-does-it-matter-to-the-housing-market","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9293\/whats-an-exit-strategy-and-why-does-it-matter-to-the-housing-market\/","title":{"rendered":"What&#8217;s an &#8220;Exit Strategy&#8221; and why does it matter to the housing market?"},"content":{"rendered":"<p>I originally wrote this and posted it on my new site, <a href=\"http:\/\/straighttalkthebiggerpicture.com\" target=\"_blank\">Straight Talk About Mortgages &#8211; The Bigger Picture<\/a>, but I&#8217;ve been urged to post it here as well.\u00a0\u00a0\u00a0 So, I&#8217;m doing that.\u00a0\u00a0 Why have I set up another site?\u00a0\u00a0 It&#8217;s pretty simple&#8230;..<\/p>\n<p>The financial and real estate world that we are in are much more complex than most of us have ever experienced in our life times.\u00a0\u00a0 As part of what I&#8217;m going to be rolling out soon which I&#8217;m calling,<em><strong> &#8220;Straight Talk Lending,&#8221;<\/strong><\/em> I believe that it&#8217;s important that people have the an understanding of the bigger issues that are and potentially will be influencing their business, lending and real estate decisions.<\/p>\n<p>Typically once a week, I&#8217;m going to take an issue and dive into it on a much deeper level.\u00a0\u00a0 The opportunity to explore what it really means and how it&#8217;s going to impact the mortgage and real estate worlds is an exciting challenge and I hope it will be beneficial for many others as well.<\/p>\n<p>Tom Vanderwell<\/p>\n<p>Now for the post that I wrote:<\/p>\n<div id=\"post-51\" class=\"post\">\n<h1>What is an Exit Strategy? and Why Does It Matter to the Housing Market?<\/h1>\n<div class=\"meta\">\n<div class=\"date\">Thursday, July 23, 2009<\/div>\n<p>By admin<\/p><\/div>\n<div class=\"entry\">\n<p>Okay, anyone who has watched the news, or at least the financial news in the last week, especially after Bernanke\u2019s testimony before both the Senate and the House has heard talk of an \u201cExit Strategy.\u201d\u00a0\u00a0\u00a0 I think that it would be well for us to take a few minutes and look at a couple of questions relating to that issue:<\/p>\n<ul>\n<li><strong>What is an \u201cexit strategy?\u201d <\/strong><\/li>\n<li><strong>Why is an exit strategy necessary? <\/strong><\/li>\n<li><strong>What does it mean for the housing and mortgage markets? <\/strong><\/li>\n<li><strong>What should I do to prepare myself and\/or my clients for what\u2019s coming?<\/strong><\/li>\n<\/ul>\n<p>Before we get into those questions, here\u2019s a clip from Bloomberg that talks about an exit strategy and what Bernanke might be thinking and planning.\u00a0\u00a0 This interview was done last week and was looking forward to Bernanke\u2019s testimony this week.<\/p>\n<div id=\"scid:5737277B-5D6D-4f48-ABFC-DD9C333F4C5D:28511abb-8e3b-4201-8050-6d05bb60bc8b\" class=\"wlWriterEditableSmartContent\" style=\"margin: 0px; padding: 0px; display: inline; float: none;\">\n<div><object width=\"425\" height=\"355\" data=\"http:\/\/www.youtube.com\/v\/AdRMJcYezW8&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;feature=player_embedded&amp;fs=1&amp;hl=en\" type=\"application\/x-shockwave-flash\"><param name=\"src\" value=\"http:\/\/www.youtube.com\/v\/AdRMJcYezW8&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;feature=player_embedded&amp;fs=1&amp;hl=en\" \/><\/object><\/div>\n<\/div>\n<p>Now, time to dig into the details of it.\u00a0 <strong>What is an exit strategy?<\/strong> It\u2019s pretty simple:<\/p>\n<p><strong><em>How in the world is the government going to get out of owning an <a href=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9293\/whats-an-exit-strategy-and-why-does-it-matter-to-the-housing-market\/#more-9293\" class=\"more-link\">Read more<\/a><\/em><\/strong><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>I originally wrote this and posted it on my new site, Straight Talk About Mortgages &#8211; The Bigger Picture, but I&#8217;ve been urged to post it here as well.\u00a0\u00a0\u00a0 So, I&#8217;m doing that.\u00a0\u00a0 Why have I set up another site?\u00a0\u00a0 It&#8217;s pretty simple&#8230;.. The financial and real estate world that we are in are much [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-9293","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":10089,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10089\/why-i-write-on-straight-talk\/","url_meta":{"origin":9293,"position":0},"title":"Why I write on the Bloodhound Blog\u2026.","author":"Tom Vanderwell","date":"October 15, 2009","format":false,"excerpt":"and on Zillow\u2019s Mortgages Unzipped Blog and on the Straight Talk About Mortgages. I was asked that question the other day and the answer I gave surprised the person who asked it.\u00a0\u00a0 I found that intriguing, so I thought I\u2019d share both the question and the answer. Why do I\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4872,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4872\/should-walmart-sell-real-estate\/","url_meta":{"origin":9293,"position":1},"title":"Should Walmart Sell Real Estate?","author":"Thomas Hall","date":"October 9, 2008","format":false,"excerpt":"It appears that Coldwell Banker may be following the Walmart approach to real estate pricing - recommending that sellers cut their home prices 10% across the board - not locally, but nationwide.\u00a0 I can't help but find the similarity to the McCain approach to cut government spending - simply freeze\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8546,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8546\/the-end-of-no-cost-mortgage-loans-and-other-hr-1728-concerns\/","url_meta":{"origin":9293,"position":2},"title":"The End of No-Cost Mortgage Loans and Other HR 1728 Concerns","author":"Mark Madsen","date":"May 22, 2009","format":false,"excerpt":"The H.R. 1728: Mortgage Reform and Anti-Predatory Lending Act is a problem that all mortgage and real estate professionals need to pay attention to. My first rule of blogging has always been to avoid political discussions, especially if I'm not an expert on every angle of the topic. So, with\u2026","rel":"","context":"In &quot;Dirty Laundry&quot;","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11070,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/11070\/what-will-the-fha-90-day-flip-rule-suspension-mean\/","url_meta":{"origin":9293,"position":3},"title":"What Will The FHA 90-Day Flip Rule Suspension Mean ?","author":"Brian Brady","date":"January 29, 2010","format":false,"excerpt":"The FHA\u00a0 suspended the 90-day flip rule as of February 1, 2010, for a period of up to one year.\u00a0 I'm not so sure lenders are going to play ball, though.\u00a0 I've found that lenders are implementing the 90-day seasoning rule for all loans, not just FHA, these past six\u2026","rel":"","context":"In &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3874,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3874\/a-proposal-to-improve-mortgage-lending\/","url_meta":{"origin":9293,"position":4},"title":"A Proposal to Improve Mortgage Lending&#8230;.","author":"Tom Vanderwell","date":"August 13, 2008","format":false,"excerpt":"Since there are a variety of licensing, regulation, education, criminal background check proposals bouncing around in an effort to clean up the mortgage world, I thought I'd throw out my own proposal on how to improve mortgage lending. I'm proposing that as part of the training for becoming a mortgage\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8294,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8294\/home-prices-and-the-rest-of-the-story\/","url_meta":{"origin":9293,"position":5},"title":"Home Prices and &#8220;The Rest of the Story.&#8221;","author":"Tom Vanderwell","date":"May 7, 2009","format":false,"excerpt":"In case you haven't been able to tell, I've been a little frustrated (okay a lot frustrated) with the markets lately.\u00a0\u00a0 Why?\u00a0\u00a0 Am I asking for bad news?Nope, I'm looking for straight talk and reality and I don't believe we're getting that right now.\u00a0\u00a0 I don't believe that:That the government\u2026","rel":"","context":"In &quot;Dirty Laundry&quot;","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/9293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=9293"}],"version-history":[{"count":3,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/9293\/revisions"}],"predecessor-version":[{"id":9296,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/9293\/revisions\/9296"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=9293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=9293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=9293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}