Entries from June 2009

Government Intervention: Appraisals, CRA & Countrywide, Consumer Protection, Cap & Trade, Banana Republic, Bank Warrants, Guarantee Bad Loans, Stimulating?

June 28th, 2009 · No Comments

  Are New Appraisal Rules Derailing Home Sales? – by Mark Wellborn – … In her Local Address blog, Elizabeth Razzi writes that is exactly what is happening:  “There’s a Catch-22 that always arises when home prices start to increase near the end of a recession. Even though buyers are [...]

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Tags: Mortgage Market

Risk, Banking Interest Rates: Risk Manager List, Doug Casey, B of A Camels, 3 From Dr. John Rutledge

June 28th, 2009 · No Comments

  list has names – DvD Insights – Where are the Risk Management Experts on Bank Boards? – Author: Donald R. van Deventer – … The widespread recognition that a director should know something about banking is absolutely right, but that can be like calling a proctologist when one needs [...]

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Tags: Mortgage Market

RMIC’s 4506-T policy; Which MBS’s does the Fed own? Relatively quiet rate-wise

June 28th, 2009 · No Comments

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Michael Jackson’s death yesterday was quite a shock to the mortgage world, so much so that I will not make any jokes at his expense at the opening of the daily commentary. I think that it would be more appropriate to take the high road, and only put one or two at the end of [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

The Garrett, Watts Report (June 27, 2009)

June 28th, 2009 · No Comments

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To Our Clients, Colleagues and Friends, 

Have you ever noticed how many colorful names there are in baseball? The A’s have pitcher Josh Outman, the Pirates have someone named Brooks Pounder, and the Marlins have Sequoyah Stonecipher. As for team names, they don’t get much better than the minor league Kansas City T-Bones and the Albuquerque [...]

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Tags: Commentary · Garrett Watts · Mortgage Market