Entries from October 2009

Price Bubbles 101; Tax Credit Update; Updates from BofA & USB

October 29th, 2009 · No Comments

price-bubbles-101-tax-credit-update-updates-from-bofa-usb

 

According to the police, a Texas woman lived in an apartment with her dead boyfriend for a week. Know why he didn’t marry her? Cold feet.

And speaking of cold, here we are at the World Series…baseball in November in the Northeast. Lots of folks in mortgage banking like numbers and statistics, so here is one [...]

[Read more →]

Tags: Commentary · Mortgage Market · Rob Chrisman

Required Reading: Bill Gross Says Market Peak?, Option Arm Primer, Tri-Party Repo Primer

October 28th, 2009 · No Comments

  stock market peak? – Bill Gross new piece – Midnight Candles – Investment Outlook November 2009 – …  I’ll jump straight into a discussion of why in a New Normal economy (1) almost all assets appear to be overvalued on a long-term basis, and, therefore, (2) policymakers need [...]

[Read more →]

Tags: Mortgage Market

Homeowners and Home Prices: Get Cheaper, The Hamptons, Rich Are Renting, Dog Ate It, Walk Away, Hussman on Crisis, Goldman vs. Merrill, Global Housing

October 28th, 2009 · No Comments

  Homes: About to get much cheaper – By Les Christie, – National home prices are forecast to shrink another 11%. … Overall, the national median home price is predicted to drop 11.3% by June 30, 2010, according to Fiserv, … He pointed out that the tax credit for first-time [...]

[Read more →]

Tags: Mortgage Market

Important video on FHA loans; Citi & Flagstar news; Rates sliding lower again

October 28th, 2009 · No Comments

important-video-on-fha-loans-citi-flagstar-news-rates-sliding-lower-again

Some days the best thing about my job is that my chair spins! (Sad but true.) But then along comes items like this. Who would have ever thought FHA compliance and underwriting issues would have made it to mainstream videos –not to be missed:

The MBAA has been busy. First, the MBAA announced that they have [...]

[Read more →]

Tags: Commentary · Mortgage Market · Rob Chrisman