Entries from September 2009

Market Related: Dollar Video, ASF Mortgage Code, Japan & US Rates, Oil Volatility

September 29th, 2009 · No Comments

  thought provoking – Video on the Dollar, G-20, and Gold from CNBC -  Jim Sinclair’s Mineset   ————Written in 1953 and just as true today – Gold vs Paper -  by Ludwig von Mises – on fiat money and inflation – Mises Daily ———— [...]

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Tags: Mortgage Market

Government & Politically Connected: Barney Interview, Subprime, Public – Private, Restart MBS, FNMA Underwriting, Acorn – Banks, World Bank on Fed, TBTF = Too Dumb To Pass

September 29th, 2009 · No Comments

  READ THIS – quite interesting – great questions – An Interview With Barney Frank – by Ezra Klein – sample: What’s the most important part of financial regulation? A.  Limiting securitization. I believe the single biggest issue here is that people invented ways to lend money without worrying if [...]

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Tags: Mortgage Market

FHA chatter; News from MERS, Wells, Flagstar; Home price index not as bad as feared

September 29th, 2009 · No Comments

fha-chatter-news-from-mers-wells-flagstar-home-price-index-not-as-bad-as-feared

 

As my grandfather used to say, “If you find yourself in a hole, the first thing to do is stop digging.”* Apparently the folks at Sunwest Bank, out of Tustin, CA, felt the same way. Clients received a letter saying, “I regret to inform you that as of October 2, 2009, Sunwest Bank will be [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

Credit Suisse: Covered Bonds are “Fantastic Source of Money for Banks”

September 29th, 2009 · No Comments

   
September 29 marked the second day in a row that the Wall Street Journal online has run a story on the covered bonds boom.
The theme of the second article (by Mark Brown of Dow Jones Newswires) is that there are “no signs of a slowdown,” even after last week’s huge Jumbo issuance, which might have [...]

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Tags: Mortgage Market