Stooges, Triple Play, 2008 Michigan, Quicken Shines and enters Reverses, Watch LIBOR, Downey Chart, Bail Out, Rate Drop Summary, Ban POAs, Gov’t Helps, BCA Changes, Yin Yang, Reality Check

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Reflation without Representation - by Eric Janszen 

 Itulip 

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U.S. Credit Perspectives - Triple Play  - Mark Kiesel -  PIMCO 

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2008 may be brutal again for Michigan real estate - Mich. housing slump may have hit bottom in 2007, but tough times remain, analysts say. - Detroit News
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1.  Quicken shines in rough times - … TransUnion Title and Escrow of California, and entering the fast-growing reverse mortgage business with the purchase of One Mortgage Network LLC …  - Detroit Free Press
2.  Quicken Loans Enters Reverse Mortgage Business -  thanks JohnY -  Reverse Mortgage Daily
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Is Anybody Watching LIBOR? - The LIBOR rate, the interest rate that most adjustable rate mortgages are tied to has fallen from a multi year high of near 6% in early 2007 to a level of 3.9%, the lowest since Sept. 2005.  What this means is that the $385 billion in mortgages tied to it that will reset in 2008 will do so at far lower levels than homeowners were looking at less than a year ago. -  Todd Sullivan’s ValuePlays

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charts - Analysis of Downey Financial’s (DSL) 2007 Earnings -   Credit Bubble Stocks 

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thoughtful - Bailing Out Bond Insurers: It’s Big, Really Big - A dash of Insight 

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summary of mortgage rate drops vs treasuries and libor rate drops - Mortgage Rates and the Red Queen Race -  Michael Shedlock - globaleconomicanalysis
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Ban Option Arms? - California Lawmakers Banning Risky Mortgages As Defaults Soar - huliq.com
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The Government Should Not Provide Help to Those Who Cannot Pay Their Mortgages - A new Wall Street Journal Online/Harris Interactive Personal Finance Poll finds that a plurality of U.S. adults say the government should not provide financial assistance to borrowers who can no longer afford to pay their mortgages to keep them out of foreclosure. - riskcenter.com free reg. 
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big deal - BCA Now Predicts A Recession In 2008 -  FORECASTS & TRENDS E-LETTER  -  Gary D. Halbert  -  profutures
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The Yin and Yang Of The Housing Rebound - by Herb Greenberg  -  MarketWatch 

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Reality Check on Raising Mortgage Caps -  by Herb Greenberg  -  MarketWatch