Entries from February 2010

Mortgage Related: TransUnion Report, Short Sales, Option Arm Defaults, Loss Mitigation, Wells Mods, Credit Card Delinquencies, Simple Plan, Fed Buys MBS, Assumable FHA, Essent, Bribes, Shadow Inventory, 3 more

February 22nd, 2010 · No Comments

  wow – Fed MBS Purchases Matched by Foreign Sales! – Casey’s Charts ———— Another $53 billion in MBSes for the Fed – Tim Iacono – According to data released a short time ago, the Federal Reserve [...]

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Tags: Mortgage Market

The Garrett, Watts Report (February 20, 2010, upon returning from Maryland)

February 20th, 2010 · No Comments

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To Our Clients, Colleagues and Friends,  

For the first four months of the 2010 fiscal year, the federal deficit is already $430 billion.  Doesn’t it make you sick just thinking about it?
This year, interest on the U.S. government’s debt will hit 42% of expenditures. That means that of every $100 the government collects, it can really [...]

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Tags: Commentary · Garrett Watts · Mortgage Market

Politics, Economy, and Government: Goldman Says, Foreigners Reduce, Fed Oversight, Exit Strategy, Street Bonuses, 2500 Banks, GSE Mission Change?, 2 more

February 20th, 2010 · No Comments

  Goldman Sachs-No Fed Rate Hike Until 2012 – By mcarniol – According to Goldman Sachs economist Ed McKelvey “we don’t expect or advocate rate hikes anytime soon–not in 2010 and probably not in 2011 either.” – IBTimesFX ————    +  [...]

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Tags: Mortgage Market

GFE input & leniency website; More letters from agents; Citi’s FHA tips; HAMP & Chase news

February 19th, 2010 · No Comments

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I didn’t plan on yesterday’s “Real words from a real agent” to incite such a firestorm of e-mails. But first, some “GFE chatter”. The grace period of the new GFE is set forth pretty clearly. But lenders are finding out that what HUD allows and what investors actually do can be two different things.

The new [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman