Entries from January 2009

MortgageNewsClips: Invest Now, Nationalization, Jack Welch on TARP, Yields Bounce, Kotok & Rosner, Shiller on Derivatives, Morgenson on Swaps, New Regulations, Same Tools, McCulley on Mortgages, Cram Downs

January 28th, 2009 · No Comments

How to Invest in the Booming Real Estate Market… – by David Fessler, Advisory Panelist, Investment U – Investing in the booming real estate market… ? Lest you think I’ve gone totally off my rocker, let me explain.
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Nationalization Gets a New, Serious Look – By DAVID E. SANGER – Only five days into the Obama [...]

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Tags: Mortgage Market

You have to give HUD credit – They are not going to give up on RESPA reform – and Other thoughts on the future of Mortgage Banking

January 27th, 2009 · No Comments

Written by Dan Cooper, CMB and Senior Consultant with     Mortgage Banking Solutions a leading management consulting firm offering a host of consulting services to the mortgage industry. 
In 2002 The Department of Housing and Urban development took on a bold initiative, that, at the time would have shook up the dynamics of how mortgage loans [...]

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Tags: Commentary · Mortgage Market

Jan 27: Wells opens mod program to Wachovia; FHA guidelines starting to tighten; First Fed bails on wholesale lending – who is left?

January 27th, 2009 · 1 Comment

jan-27-wells-opens-mod-program-to-wachovia-fha-guidelines-starting-to-tighten-first-fed-bails-on-wholesale-lending-who-is-left

Here’s your financial vocabulary lesson for today:

“Liquidity” – When you look at your investments and wet your pants.

First Federal of California is the latest lender to close their wholesale channel to brokers. I imagine the following announcement prompted yet another round of rumors and calls to the remaining wholesalers like Wells, SunTrust, Flagstar, etc.: “First [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

MortgageNewsClips: A New World, Been Here Before, Cash Holdings, Past Blast, Cramdowns Unintended Consequences, Fed Balance Sheet, Bad in Britain, Bay Area TARP, Inflation – Deflation, Disparity, 25 People, Structural Collapse

January 27th, 2009 · No Comments

 Declining Interest Era Ending – Richard Shaw – The majority of investors, and the vast majority of investment fund managers, have been investing in a period of sustained interest rate decline for the last 27 years.  That means most active investors or managers under the age of 50 don’t have experience with a sustained period [...]

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Tags: Mortgage Market