Entries from November 2009

The Garrett, Watts Report (Nov. 28, 2009)

November 28th, 2009 · No Comments

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To Our Clients, Colleagues and Friends,

Here’s a weird statistic:  Bert Blyleven pitched 75 complete games which he lost.  He had an excellent 3.19 ERA in those games, but his teams just didn’t give him enough run support.  Another example of not getting enough offensive support is the great Nolan Ryan.  Ryan pitched 75 games in [...]

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Tags: Commentary · Garrett Watts · Mortgage Market

Oh Me, Oh My, … Dubai – 4 posts

November 27th, 2009 · 1 Comment

Initial reaction …. meltdown probably averted. (BC) Dubai gambles with its financial reputation – By Jim Krane – … The ambitious sheikh wants Dubai to become the financial centre for a quarter of the globe, the under-served and fast-growing markets between Singapore and Frankfurt.  Wednesday’s announcement makes that goal less likely, damaging [...]

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Tags: Mortgage Market

The Garrett, Watts Report (The Day After)

November 27th, 2009 · No Comments

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To Our Clients, Colleagues and Friends,

We always like it when governments sell off those things that can be better operated by the private sector, so we were pleased to read that Connecticut has sold off its 23 freeway rest stops.  Private equity firm The Carlyle Group paid the State $178 million for the right to [...]

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Tags: Commentary · Garrett Watts · Mortgage Market

Make More With Servicing Retained – the Right Choice? – by Pat Cutler

November 26th, 2009 · No Comments

In our Spring 2009 issue we discussed the price differential between mandatory and best efforts execution. We showed you how to make an extra 50 basis points switching from “best efforts” to mandatory delivery. Want to make even more money? Consider selling your loans servicing retained. Climbing delinquencies, historically low interest rates, and industry [...]

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Tags: Commentary · Mortgage Market · Pat Cutler