Entries from December 2009

GSE Bailout after Christmas Eve Market Close

December 25th, 2009 · 3 Comments

( part 2 click here)

reading the BOLD RED TYPE pretty much sums it up.

A pretty nifty move as no congressional support is needed. – BC

special Christmas day posting by David Kotok: Government by Stealth: the GSE affair continues – David Kotok – … We didn’t plan on writing today but are doing so to [...]

[Read more →]

Tags: Mortgage Market

Rob Chrisman: A lovely poem about….RESPA?

December 24th, 2009 · No Comments

rob-chrisman-a-lovely-poem-about-respa

There are some very witty and clever folks out there. (The level of my wit is at about, “A horse walks into a bar. The bartender asks, ‘Why the long face?’” And my clever rating maxed out after I finished the ‘Pick a Peck of Puzzles’ book that I ordered from Scholastic Books in 6th [...]

[Read more →]

Tags: Commentary · Mortgage Market · Rob Chrisman

Santa Robs A Bank

December 23rd, 2009 · No Comments

  Thief Dressed As Santa Claus Robs BankKris Kringle Look-Alike Armed With 9-Millimeter HandgunReported By Deanna Lambert  “It was a little unbelievable. He was actually jovial, which is scary. He explained that he was robbing the bank because Santa had to pay his elves,” said witness Richlyn Jones. read the whole [...]

[Read more →]

Tags: Mortgage Market

Mortgage Related: Underwriting Standards, Barbara’s House, Krasting on Foreclosure Delay, Reverse Mortgages, Inflation Bomb, Doyle on Meltdown, Last Chance For 5%, 40% Are FHA

December 23rd, 2009 · No Comments

    Declining underwriting standards are back! – Are Declining Downpayment Standards a Good Idea? – Tiam Iacono – refers to a WSJ aerticle – The changes, which are being done on a market-by-market basis, mean buyers in some parts of the country can now borrow 95% instead of 90% of [...]

[Read more →]

Tags: Mortgage Market