Entries from September 2009

Economy and Markets: M3 & Deflation, Japan & Deflation, Reverse Repurchases, Vigilantes, Know The Math, IMF Forecast, Flatter Curve,

September 30th, 2009 · No Comments

  Money figures show there’s trouble ahead – By Ambrose Evans-Pritchard – Private credit is contracting on both sides of the Atlantic. The M3 money data is flashing early warning signals of a deflation crisis next year in nearly half the world economy. Emergency schemes that have propped up spending [...]

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Tags: Mortgage Market

Mortgages and Housing: Home Prices, Seconds and H4H, Tom Brown, Door To door, Tax Credit Fading, Cash-Out Ratchet

September 30th, 2009 · 1 Comment

    U.S. Home Prices Increase for the Third Month in a Row For the First Time Since Spring 2006 – Mark Perry’s Carpe Diem Blog ———— GAINS IN HOME PRICES OFF THE BOTTOM; CLEVELAND UP 11.4% – The July Case-Shiller home price numbers were [...]

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Tags: Mortgage Market

The Garrett, Watts Report (September 30, 2009)

September 30th, 2009 · No Comments

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To Our Clients, Colleagues and Friends,

What would be better, (a) having one $40 million warehouse line with Bank of America, or (b) having $25 million with the Bank of America and $10 million with Comerica or Flagstar?  Even though (a) is for $40 million and (b) is for only $35 million, we’d probably recommend option [...]

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Tags: Commentary · Garrett Watts · Mortgage Market

Why are stats revised? VA loan update; Primer on 100% USDA program

September 30th, 2009 · No Comments

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Is it the last day of September already? Wasn’t it just Memorial Day? Things are getting a little tight here around the Chrisman household. Yesterday my son came to me and told me that “management” knew that I had taken a stapler from my home office. “From now on”, he continued, “If you plan on [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman