Entries from April 2010

Political Machinations: Barney and Defense, Finance Bill (4), Billions for Greeks, House Prices

April 28th, 2010 · No Comments

  Deficit Group Formed By Barney Frank Looks Where Others Dare Not — At Defense Budget – Dan Froomkin – Huffington Post ———— spinoff? – Democrats, Pressuring G.O.P., Unite on Finance Bill – By DAVID M. HERSZENHORN – … Officials said [...]

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Tags: Mortgage Market

Hang on to those rate locks! News from Goldman, Wells, USDA, ING, Citi; Stratmor pull through numbers

April 28th, 2010 · No Comments

hang-on-to-those-rate-locks-news-from-goldman-wells-usda-ing-citi-stratmor-pull-through-numbers

 

“Eleven indicted Somali pirates dropped a bombshell in a U.S. court early this morning, revealing that their entire piracy operation is a subsidiary of Goldman Sachs. The pirates explained that the pirates forcibly attacked ships that Goldman had already shorted, and had merged their operations with Goldman in late 2008 to take advantage of the [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

The Garrett, Watts Report (April 28, 2010)

April 28th, 2010 · No Comments

the-garrett-watts-report-april-28-2010

 

 

To Our Clients, Colleagues and Friends,  

We wrote last week that credit unions can be serious competition for mortgages, so here are the top CU’s based on the size of their mortgage holdings:

1.  $13.1 billion   

Navy Federal  CU  ( Vienna , VA )

2.  $10.1 billion   

State Employees CU  ( Raleigh , NC )

3.  $ 6.4 billion

Pentagon [...]

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Tags: Commentary · Garrett Watts · Mortgage Market

Mortgages and Housing: Miami, In Another Form, 4.4mm Squatters, Jumbos, Subprime Lawsuit, PMI Returns, Reverse Mortgages, Flippers Return, 9 Years of Supply, more

April 27th, 2010 · No Comments

    Twenty-eight percent of home mortgages are overdue in Miami – David Volz – Examiner.com ———— the government is still buying mortgages but in another form – WSJ On Fed’s Mortgage "Assets" – Bruce Krasting – … The Fed dramatically [...]

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Tags: Mortgage Market