Entries from March 2009

Misc: End of Housing Bubble, Reverse Mortgage Mods, China’s Options, Hamptons Fraud, First Citizens Gives Back Cash

March 26th, 2009 · No Comments

 

Toro makes a call – End of the Housing Bubble Collapse Nears – We here at Running of the Bulls are making the call that the decline in housing prices on a national level is nearing an end.  We have written articles making the case here, here, and here.  No, we are not saying the [...]

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Tags: Mortgage Market

The Garrett, Watts Report (March 26, 2009)

March 26th, 2009 · No Comments

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To Our Clients, Colleagues and Friends, 

Mike, Sally, Hugh, Jeff, Herb, Cindy, Michele, Paul, Jim…. The list goes on and on of the really talented people from the warehouse lending business who are no longer in it.  These are just a few of the names that come to mind of all the great people in a [...]

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Tags: Commentary · Garrett Watts · Mortgage Market

Wholesale lending theory; MIRA proposal from the MBAA, Who is not immune to lay-offs; HOPE a failure

March 26th, 2009 · No Comments

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Anytime one combines the words “politician”, “mortgage fraud”, and “dominatrix” in a news story, it makes for interesting press. http://www.newsday.com/news/local/crime/ny-liguld266083594mar26,0,1234881.story

Brokers are wondering if they will become extinct. Frankly, I doubt it. Remember that mortgage investors are “for profit” institutions. If a particular investor, such as Bank of America or Wells Fargo, decides that their wholesale [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

Treasury PPIF Toxic Asset Plan Special – 6 NewsClips

March 25th, 2009 · No Comments

Qualified Welcome for PPIF Toxic Asset Plan – CreditSights gives the the Public-Private Investment Program (PPIF) a qualified vote of confidence in its analysis of the plan design to mop up the toxic asset mess. -   Research Recap

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The Geithner Plan FAQ – Brad DeLong explains that the US Treasury’s legacy loan program is basically [...]

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Tags: Mortgage Market