Entries from March 2009

Odds and Ends: Inflation, HPI Release, Fitch Ups Losses

March 25th, 2009 · No Comments

Don’t Forget About Inflation – Brian S. Wesbury and Robert Stein – It’s already clawing its way back -   Forbes 

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U.S. MONTHLY HOUSE PRICE INDEX ESTIMATES 1.7 PERCENT PRICE INCREASE FROM DECEMBER TO JANUARY – FHFA PRESS RELEASE  – this is in contrast to other indices -   BC
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Fitch Raises Prime RMBS Pool Loss Estimates Sharply – [...]

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Tags: Mortgage Market

Reading Assignment: A.I.G. Resignation Letter, Rolling Stone on Bailout, Soros on CDS Regulation

March 25th, 2009 · No Comments

MUST READ:  Dear A.I.G., I Quit! – The following is a letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group’s financial products unit, to Edward M. Liddy, the chief executive of A.I.G. – NY Times Op-Ed
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Very long, semi obscene, and well worth reading – The Big Takeover – [...]

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Tags: Commentary · Mortgage Market

Update on conventional $729,750; A commercial loan storm next? Some good news and bad news; Last week’s applications skyrocket

March 25th, 2009 · No Comments

update-on-conventional-729750-a-commercial-loan-storm-next-some-good-news-and-bad-news-last-weeks-applications-skyrocket

Last Friday was the first day of spring. Congratulations, you made it through winter – now if only your savings had…

What is the word on when the conventional $729,250 will be rolled out? Hah! Call me “out of the loop”, but I have none. There are reports that big banks’ retail operations are already advertising [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

The Real Poop on Dust Mites and Mattresses

March 24th, 2009 · 1 Comment

Dust mites thrive in warm, humid environments. Since that pretty much describes weather in the South, I suspect that we are the dust mite capital of the United States. I am amazed that at least one southern town hasn’t started a Dust Mite Festival. We Southerners do love our festivals. South Carolina is home [...]

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Tags: Commentary · Mortgage Market