As the lyrics from “Green Acres” noted, “New York is where I’d rather stay. I get allergic smelling hay. I just adore a penthouse view. Dah-ling I love you but give me Park Avenue.” New York regulators on Friday closed the Park Avenue Bank with total assets of $520 million and total deposits of $494 [...]
Entries Tagged as 'Commentary'
Updates from Chase, WAMU, FDIC, USB, UB, Wells, FAMC, SunTrust; "Good" foreclosure stats
March 15th, 2010 · No Comments
Tags: Commentary · Mortgage Market · Rob Chrisman
The Garrett, Watts Report (March 11, 2010 and aren’t you getting sick of Winter?)
March 12th, 2010 · No Comments
To Our Clients, Colleagues and Friends,
We made reference last week to Marion Berry snorting crack, and you wouldn’t believe how many people wrote us that you smoke it and don’t snort it. One who wrote us is a major name in warehouse lending, another one a top secondary marketing executive, and one is a bank [...]
Tags: Commentary · Garrett Watts · Mortgage Market
News from Freddie, SunTrust, Wells’ broker dealer, BofA; FDIC acts on a Thursday; Rates moving higher on Retail Sales
March 12th, 2010 · No Comments
Don’t forget to “Spring ahead” this Sunday morning. We lose an hour of sleep, but it will be lighter during barbecuing.
The FDIC made a rare Thursday move and shut down LibertyPointe Bank This bank catered to the Orthodox Jewish community in Manhattan and Brooklyn, and will be taken over by Valley National.
For anyone hedging with [...]
Tags: Commentary · Mortgage Market · Rob Chrisman
Negative convexity defined; News from Wells, ING, EverBank, MGIC; HUD’s latest letter; California stats
March 11th, 2010 · No Comments
Who says that numbers aren’t fun? A top muni bond analyst at Wells Fargo sent this to me:
What If Everybody in Canada Flushed At Once?
Sometimes time drags, and sometimes it flies. I came to this brilliant observation yesterday while waiting in the California DMV, waiting for my 15 1/2 year old daughter to obtain her [...]
Tags: Commentary · Mortgage Market · Rob Chrisman




