Entries from August 2009

Home Price Special: HPI, Case-Shiller, OFHEO, Scott Grannis, Tim Iacono

August 26th, 2009 · No Comments

=== Four Housing Indices Show the Same Thing – Casey Mulligan -  This next chart shows the OFHEO housing price index through June: it showed a turn-around even earlier than Case-Shiller did and continues to confirm that view. – Supply and Demand In That Order Blog [...]

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Tags: Mortgage Market

Rates a tad better with the auctions; Light news from Citi, PMI, Wells

August 26th, 2009 · No Comments

rates-a-tad-better-with-the-auctions-light-news-from-citi-pmi-wells

 

Do mortgage originators consider the future when they are speaking with a client and processing the loan? Perhaps: certainly between 2002 and 2007 originators “appeared” willing to lend to anyone since values were increasing, and any problems might be covered up with appreciation. They weren’t necessarily forcing the borrower to borrow, and investors weren’t being [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

World of Mortgages: GSE Shares Soar, Beth Court, Reverse Valuation Problems, Citi Adds 1400, Re-Defaults, Countrywide, TBW

August 25th, 2009 · No Comments

  Fannie, Freddie Shares Soar, Puzzling Analysts – Stocks Considered To Have No Value – By Zachary A. Goldfarb – Washington Post  ———— NY Times Series: Beth Court – Loss and Opportunity, Side by Side – Articles in this series explore how a block of eight homes [...]

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Tags: Mortgage Market

Markets Securitization & Banks: Dumping 2yr UST, Re-Remics, Bove Sees More Failures, Street Beating Regionals, Fed Balance Sheet, ALM Advances, Inner City Lacking

August 25th, 2009 · No Comments

  1.  Bond Bears Dumping Two-Year Treasuries Defy History – By Oliver Biggadike and Daniel Kruger -  Bond investors that drove two-year Treasuries down on Aug. 21 by the most since early June after Federal Reserve Chairman Ben S. Bernanke said the economy is “beginning to emerge” from recession may [...]

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Tags: Mortgage Market