Bill Coppedge: Mortgage Newsclips – Monday, Dec. 31, 2007

December 30th, 2007 · No Comments

Reverses and Subprime 3, Mortgage Brokers, Hedge Fund Wins, TOBs, UBS

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1.  Trying to Stop Foreclosure With a Reverse Mortgage - thanks John Yedinak -  Reverse Mortgage Daily  2.  Tanta has thoughts on WSJ article about using reverse mortgages to get out of subprime mess - thanks Susan Kulakowski -  Calculated Risk 3.  Reverse mortgages to bailout subprime debt - thanks Victor Hong -  Wall St. Journal  ------------ Hat Tip to BrokerWatchdog Are Mortgage Brokers Ancient History in 08? - Loan Modification & Loan Workout News ------------ interesting story - Making a profit on the crashing market - Betting against subprime loans proves lucrative for hedge fund -  Seattle PI  ------------ Are Subprime Losses Being Exaggerated? -  ... I'll repeat: no one is going to have a real handle on mortgage losses unless and until someone manages to get a handle on the percentage of mortgage loans which are non-recourse.  -  Felix Salmon - portfolio.com  ------------ another kind of derivative - TOBs, and Why Munis Are a Must for Long-Term Holders - Accrued Interest  ------------ Swiss Bank Regulator To Investigate UBS On Huge Mortgage Losses - AHN .

2008, Property Tax Chart, Financial Freedom Mess, Case-Shiller 2, ABCP, ACA

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Column: Credit Crunch Dims '2008 Outlook -  Topping that list is Countrywide Financial Corp.'s Angelo Mozilo, who has become the poster-child for the housing bust. The CEO of the nation's biggest ...  Associated Press  ------------ Homeowners Protest Property Taxes - has chart -  globaleconomicanalysis ------------ Senate Subcommittee on Aging & Financial Freedom Mess - Reverse Mortgage Daily  ------------ 1.  Case Shiller chart and article - Broadbased, record declines in home prices - themessthatgreenspanmade.blogspot.com  2.  Shiller: Single-family Housing Market is "Grim" - The Big Picture  ------------ ABCP Survives Tumultuous Year, But at a Cost -  ... though Fitch Ratings does not anticipate these funding pressures to have a direct effect on the credit performance of the U.S. ABCP programs it rates. ...    riskcenter.com free reg.  ------------ 1.  ACA Capital Enters Agreement with Regulator, Averts Delinquency Proceedings - ...  it has ceded control of the company to the Insurance Commissioner for the State of Maryland. ...  housingwire 2.  A Financial Day of Reckoning for Bond Insurers -- by Michael Shedlock  seeking alpha  .

Debt Forgiveness Tax, California, Older Cities Paper, Not An Accident, Alphabet Soup

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Congress Expresses Holiday Spirit By Waiving 'Debt Forgiveness' Tax - ... Ordinarily, forgiven debt is treated as taxable income ...  themessthatgreenspanmade.blogspot.com    ------------ Dwindling Tax Receipts Spell Trouble For California - by Tim Iacono - seeking alpha ------------ The Property Tax and the Fortunes of Older Industrial Cities, Barry Bluestone and Chase M. Billingham -  Disparities in property tax revenue due to growing gaps in assessed property values between wealthy, fast-growing communities and older industrial cities can lead to uneven development. -  Lincoln Institute  ------------ The Loan Crisis Wasn’t an Accident -  New York Times  ------------ The Subprime Meltdown's Alphabet Soup -  Roger Ehrenberg  -  Information Arbitrage 



Tags: Mortgage Market

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