Cashtration (n): The act of buying a house, which renders the subject financially impotent for an indefinite period of time.

Maybe this is some “ok” news? In a story that I first noticed in Mortgage News Daily, enactment of ML 2009-28 (“Appraiser Independence”) will be delayed until February 15, 2010. “ML09-28 (originally planned for a January [...]

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  Happy Holidays to all my friends, business associates, and blog members. May 2010 be a great year for all! – BC

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    about currencies – The Debt Spiral – Debt begets debt until it doesn’t. I have watched a noticeable change in the mood of many investment banks (yes, they are all technically commercial now), money managers, and large institutions as market values have rebounded and the edge of the cliff [...]

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Here is an interesting question for anyone who sells a loan to an investor/servicer: If the loan is modified, are you, as the seller, still “on the hook” for the reps and warranties you gave when you sold the original loan? Servicers use the Home Affordable Modification Program (HAMP) and other non-HAMP modification efforts to [...]

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