Rick Santelli and Steve Liesman go at it – this time regarding deficit stimulus. <<< CLICK TO WATCH

[Read more →]

  (2022 ?) – Volcker Rule May Give Goldman, Citigroup Until 2022 to Comply – By Bradley Keoun – Goldman Sachs Group Inc. and Citigroup Inc. are among U.S. banks that may have as long as a dozen years to cut stakes in in-house hedge funds and [...]

[Read more →]

To Our Clients, Colleagues and Friends,

I was on a flight back from Austin that stopped in Las Vegas , and the two guys who got on and next to me were from a hard money fund that had made a construction loan on a Las Vegas condo project. The units had been listed at $160,000 [...]

[Read more →]

Here is some good news! Lock desks were busy last week, with mortgage applications hitting an eight-month high according to the MBA numbers. Apps were up almost 9%, with purchases down about 3% (to 1997 levels) but refi’s were up 13% to where they were a year ago. Refi’s accounted for almost 77% of applications.

How [...]

[Read more →]