Entries from March 2009

QE Made EZ: Quantitative Easing – explained by Paddy Hirsch

March 28th, 2009 · No Comments

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27 Videos from the past week – compiled by Prieur du Plessis – always excellent. -  Click Investment Postcards from Cape Town to see all 27 videos summarized.

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I found the video below on Plessis’s site, is outstanding and a great explanation of Quantitative Easing in simple terms – worth watching. -  It [...]

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Tags: Mortgage Market

GMAC changes; US Bank’s $729,750 program; Appraisal changes for 4/1; 1-month T-bill’s negative rate

March 27th, 2009 · No Comments

gmac-changes-us-banks-729750-program-appraisal-changes-for-41-1-month-t-bills-negative-rate

It is tough being retired. This morning my wife asked me, “What are you doing today?”

I replied, “Nothing.”

She responded, “But you did that yesterday.”

I said, “I wasn’t finished.”

I called up the US Treasury yesterday to ask them how much they’d pay me to loan them money (e.g., buy a Treasury security) for a month. They [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

Geithner’s Regulatory Reform ; more on PPIF

March 26th, 2009 · No Comments

Treasury Outlines Framework For Regulatory Reform – Provides new Rules of the Road, focuses first on containing systemic risk -
Four Broad Components of Comprehensive Regulatory Reform:
1.  Addressing Systemic Risk   <<< Has 5 points about systemic risk.
2.  Protecting Consumers and Investors
3.  Eliminating Gaps in Our Regulatory Structure
4.  Fostering International Coordination
Read the Press Release at US Treasury
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A [...]

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Tags: Mortgage Market

Our Government: NCUA Conservatorship Antics, Invest With Barney & Chris, MIRA Act of 2009, OMB-FHA and MIPs

March 26th, 2009 · No Comments

Credit Unions Kept in the Dark? – Interview with Filson: NCUA Conservatorship & its Impact on Credit Unions – … NCUA conserved the two largest corporates based on information that not even the credit union boards were shown. … – Credit Unions.com 

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Feds to Wall Street: You’re Scum. Now Let’s Be Partners.  -  Gary Townsend [...]

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Tags: Mortgage Market