Entries from October 2009

The Garrett, Watts Report (Oct. 3, 2009)

October 23rd, 2009 · 1 Comment

the-garrett-watts-report-oct-3-2009

 

  To Our Clients, Colleagues and Friends, 

Did you see that Bloomberg just bought Business Week for only $5 million?  Further evidence that print media seems to be dying.
Between 1985-1972, we had 1,373 banks fail, for an average of 171 failures a year. This year, 100 have failed, giving us a probable 135 bank failures by [...]

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Tags: Commentary · Garrett Watts · Mortgage Market

HVCC phase out? BB&T’s commitment to warehousing; SunTrust earnings

October 23rd, 2009 · No Comments

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Do the “Alphabet Song” and “Twinkle, Twinkle Little Star” have the same tune? And did you just try singing the two songs?

Generally speaking, mortgage folks are a pretty optimistic bunch, although “trust but verify” is an approach that many use in their business lives. It turns out that the HVCC, which has good intentions but [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

Markets: Forward Rates, London Sold Out, Birmingham and Harvard, Dollar Yuan and Euros, Distressed, PIMCO Dumps MBS, Copper Knows All

October 22nd, 2009 · No Comments

  Some Observations about Spot Interest Rates and Forward Interest Rates: with help from Jason Benderly, Jim Bianco, Ned Davis & Howard Simons – David Kotok – good thoughts plus explanation of foreward yield curves – Cumberland Advisors ———— London Agents ‘Sold Out’ as Home Prices Reach [...]

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Tags: Mortgage Market

The Garrett, Watts Report (October 22, 2009, from Virginia Beach)

October 22nd, 2009 · No Comments

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<<< website has updated – check it out

To Our Clients, Colleagues and Friends,   

Is it just us, or are you also addicted to American Banker?  This daily newspaper has been published continuously since 1836 when Andrew Jackson was President.  Do you think his fierce opposition to the national bank might have been connected to [...]

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Tags: Commentary · Garrett Watts · Mortgage Market