To Our Clients, Colleagues and Friends,

Last week we wrote a small piece about Angelo Mozilo and how he should be judged on the totality of his accomplishments, and boy, did we get lot of mail from people who agreed.  We even got one from Mark Mozilo with two words:  “I agree.”   When a son admires [...]

[Read more →]

As I have mentioned many times in my weekly newsletter EPIC Insights, I always prefer simple technical patterns over quantitative models. When we complicate our analyses, we increase our risk. If a faulty input or one stray assumption works its way into the model, a generally sound approach can yield terrible results. Instead, by relying [...]

[Read more →]

MUST READ:  A public service announcement – Posted by: Felix Salmon – Are you thinking of buying or reading Edmund Andrews’s book about how subprime lenders drove him to insolvency? Read this first.          And thank your lucky stars that there are bloggers out there (in this case, Megan McArdle) who do a much better [...]

[Read more →]

SERVICER SAFE HARBOR BILL SENT TO OBAMA – By a 367-54 vote, the House of Representatives has passed the Helping Families Save Their Homes Act, S.896, sending the bill to President Obama for signature. The bill amends Hope for Homeowners (H4H) … and offers a safe harbor for servicers performing modifications according to Treasury [...]

[Read more →]