Entries from February 2009

3rd government intervention’s a charm for Citi? FHA news; Stocks’ tumble helping rates somewhat.

February 27th, 2009 · No Comments

3rd-government-interventions-a-charm-for-citi-fha-news-stocks-tumble-helping-rates-somewhat

It is well documented, somewhere, that rocker George Thoroughgood was a loan agent. In fact, he wrote a song about finding the best rates for his borrowers:

Now, every morning, just before breakfast, I don’t want no coffee or tea.

Just me and my good buddy Weiser. That’s all I ever need.

Cause I lock a loan, yeah, [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

MortgageNewsClips: Snap It Up, Second Try, 3yr Futures, Forward Looking, I Want TARP Back, Fear Futures, Fix Rate Rocks, Schumer, Stress Test, Don’t Fail, Good Bet, 6 Ez Steps, Ira Has 3

February 26th, 2009 · No Comments

1.  Traders Snap Up Credit Protection On Citi’s Riskier Subordinated Debt – … The widening of the subordinated credit default swaps is reminiscent of the move in Fannie Mae and Freddie Mac’s comparable swaps in August, before the government announced its plans to recapitalize the troubled housing finance agencies. … -   CNNMoney.com

2.  Schumer:2/3 Of Mortgage [...]

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Tags: Mortgage Market

Ira Artman’s Sterling Slivers: The Proud Few – A Stress Test With Teeth

February 26th, 2009 · No Comments

 
 
                                   
© 1992, Columbia, Castle Rock, & New Line Cinema – A Few Good Men.

Tomorrow morning, before the New York Stock Exchange opens, the President could ride Amtrak’s Acela train to Manhattan. He could stand at the steps of the Federal Hall Memorial at the corner of Nassau and Wall.

There, beneath the gaze of George [...]

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Tags: Commentary · Ira Artman · Mortgage Market

Chase exits warehouse – Who the heck is left? Premium pricing improving slightly – Why? and TARP money tracking

February 26th, 2009 · No Comments

chase-exits-warehouse-who-the-heck-is-left-premium-pricing-improving-slightly-why-and-tarp-money-tracking

OK, I am a sucker for the E-Trade/baby ads, along the right side of the site:

 

 

Where does your favorite bank stand in receiving TARP money? Well, here you go:  SHOW ME THE TARP MONEY MAP  at ProPublica  

Having only 8 clients left, Chase bailed on their warehouse business. “After consideration and review, the Correspondent Lending [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman