The other day my daughter was singing to herself, “Love to eat them mousies; Mousies what I love to eat. Bite they little heads off, nibble on they tiny feet.” Although that has nothing to do directly with mortgages, I hope that the girl in my UC San Diego dorm who painted the Kliban cat [...]

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A Reality Check on Mortgage Modification – by GRETCHEN MORGENSON – … Unfortunately, the bill would … also create opportunities for mortgage servicers to profit at the expense of investors who own the loans. … Mortgage securities have covenants — known as pooling and servicing agreements — that define their terms. They require loan [...]

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“…the bottom is coming in to view.”  The bottom of the housing market, that is.  Mark Zandi, Moody’s chief economist, believes home sales hit bottom in the first quarter of this year, and prices will bottom in the fourth quarter.  Zandi expects prices to fall sharply through the summer and fall before bottoming out at [...]

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Two Recoveries: The Economic Forecast Has Two Distinct Phases – Bill Conerly – Two observations about the present situation:  There is excess capacity virtually all across our economy. Some of that excess capacity will not come back into service. … Business Strategy Implications:  Plan on a recovery that is not a strong as past [...]

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