Entries from December 2009

The Garrett, Watts Report (Dec. 22, 2009)

December 22nd, 2009 · No Comments

    To Our Clients, Colleagues and Friends,   A client wrote that she appreciated our wishing everyone a Merry Christmas and not the generic Happy Holidays.   I’m Jewish and believe me, I’m not offended when people wish me a Merry Christmas.  Really.  If you want to be politically correct and wish me [...]

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Tags: Mortgage Market

Mortgages and Housing: Foreclosure Backlog, Shadow Inventory, Don’t Walk Away, Mod the Mod, Another Shoe To Drop

December 21st, 2009 · No Comments

        +  Foreclosure backlog estimated at 1.7 million – About 1.7 million homeowners were on the verge of foreclosure in the fall, a looming “shadow inventory” of homes that will be put up for sale in the coming years and weigh down prices, a report said Thursday.  The [...]

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Tags: Mortgage Market

Remnants of IndyMac Buy a bank; Loan modification news from the trenches; PMI, Fannie, BofA, Chase, USBHM, AmTrust news

December 21st, 2009 · No Comments

remnants-of-indymac-buy-a-bank-loan-modification-news-from-the-trenches-pmi-fannie-bofa-chase-usbhm-amtrust-news

 

It was a tough weekend for me. On Friday I received an e-mail from “Bank of America” saying that my account was locked, and that “During our regular update and annual scheduled maintenance of Bank of America Online Services, we could not verify your current information. As a result of this, your access to use [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

Banks, Financial Services, Government: Deloitte Report, Bailout, Wells and JPM Do 15 Year, CRE and Life Companies, Greenspan, Reverse Mortgages, FNMA Predicts, Repos, Rising Rates

December 20th, 2009 · No Comments

  Deloitte report – Financial Services Industry: 2009 Accounting, Financial Reporting, Tax and Regulatory Update – 229 pages – good reference – thanks Marty Rosenblatt – from Deloitte ———— Voros: Nine biggest banks really didn’t need our bailout – Drew Voros – WELLS FARGO executives just couldn’t wait any [...]

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Tags: Mortgage Market