To Our Clients, Colleagues and Friends,  Why is it so damn hard to get a new warehouse line?  The simple answer is that with volumes up, WH lenders are being swamped with requests for increases on existing lines.  The WH bankers we talk to tell us their highest priority [...]

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“Dear President, Senate, and House of Representatives – Enclosed is a check to cover the bonuses paid to the top executives at AIG.  Sorry for the confusion in disbursement.  No one should be rewarded for an incompetent job which caused losses to the American Investor. So please remit all campaign contributions ever made by AIG [...]

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 The best explanation of PPIP I have seen – Heads or Tails? – David Kotok – Dear Reader: Please give me 8 minutes to explain the $1.1 trillion federal government Public-Private Investment Program (PPIP).  Start here with this simple example.  It’s a coin toss.  Heads you win $100; tails you get nothing.  How much [...]

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Jumbo Loans Could Make a Comeback – Luxury home sales could rise if rates lower for jumbo loans. But lenders are going to be stricter than ever – By Prashant Gopal -  BusinessWeek 

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1.  Mortgage Rates Drop to Record Low 4.85% – … It was a lot worse in the 1981-1982 recession when mortgage rates [...]

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