Entries from July 2009

Government Related: Small Bank Lobby, "Sustainable Deficit", Government Encourages Defaulters

July 29th, 2009 · No Comments

    Small Banks at Center of Overhaul Debate – By Brady Dennis – … “The larger financial institutions have the opposite of political clout today. They’re radioactive,” Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, said in an interview. “The only way the big banks can win is [...]

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Tags: Mortgage Market

Servicing modifications a growth business; GMAC & Wells news; Rates head lower with slow economic numbers

July 29th, 2009 · 1 Comment

servicing-modifications-a-growth-business-gmac-rates-head-lower-with-slow-economic-numbers

 

“In Alaska, wildlife officials want to protect the public from dangerous bears by dyeing the bears bright colors like blue, green and orange. Apparently, nothing calms down a man-eating bear like painting it.” And nothing calms mortgage servicers down like an all-day meeting with the Treasury Department. This happened yesterday, and they promised to “step [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

Economic: Gogerty Video, Deflation Slide Show, Minimum Wage, China Boom, Drop the Shop, Lending Down, Less Gloomy

July 28th, 2009 · No Comments

  Nick Gogerty’s latest data video: S&P 500 rolling returns movie 1881- 2009 (Music by De Phazz) – Designing Better Futures       OTHER NEWS: ———— MUST VIEW SLIDE SHOW – shows deflation will linger – Zero Hedge, in collaboration with David Rosenberg, Chief Economist & [...]

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Tags: Mortgage Market

Government, Politics, & Regulation: Biden on Russia, CalPERS Doubles Down, Government & Housing, EU Mandates 5% Retention, Right To Rent, Henry Kaufman

July 28th, 2009 · No Comments

  ‘Biden is Wrong on Russia’ – What Biden fails to recognize, is that the balance of power between Moscow and Washington is tied to the price of oil and natural gas. – Plan B Economics  ———— Double Down? – California Pension Plan: Betting the house – Kurt [...]

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Tags: Mortgage Market