Entries from March 2010

Short sale primer; FHA lenders should know MCB; NAR, BPO, FHA, PMI, MBAA news

March 24th, 2010 · No Comments

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“If a loan with rep and warrant violations is modified while being serviced by the investor, is the original broker/originator still obligated to repurchase the loan? If so, are the terms different?”  I am going to plead ignorance on this riddle, and frankly I don’t know if the major investors have set forth their policies [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

Markets and Mortgage Related: Important Chart, MOVE Index, China and Renminbi, USA Not AAA?, Credit Scores, Repeated Foreclosures

March 23rd, 2010 · No Comments

    very good piece – THE Most Important Chart of the CENTURY – Nathan Martin -  … What follows is the most important chart of your lifetime. It relegates almost all modern economists and economic theory to the dustbin of history. … This is a [...]

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Tags: Mortgage Market

Affecting the Economy: Deleveraging, Government Growth, Pensions, Double Dip, Looking at Debt

March 23rd, 2010 · No Comments

  Household deleveraging is a very healthy indicator – Scott Grannis – Calafia Beach Pundit ———— The growth of government – - Scott Grannis – Calafia Beach Pundit ———— Trillion-Dollar Pension Crisis Looms [...]

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Tags: Mortgage Market

The Garrett, Watts Report (March Madness issue, March 23, 2010)

March 23rd, 2010 · No Comments

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To Our Clients, Colleagues and Friends,  

 

What’s one of the most important things to look at during Due Diligence on an acquisition target?  Investor scorecards have a huge amount of information on the mortgage banks that sell them loans, and these scorecards may be the one, best way to get a quick, broad picture the [...]

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Tags: Commentary · Garrett Watts · Mortgage Market