-The Prince

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Website Resource to Assist Mortgage Professionals
CAREER TRANSITION NETWORK
A CHOOSE 2 LEAD PROJECT
www.careertransitionnetwork.org
As part of a project to support the mortgage community during this time of transition, a new website has been developed. Sponsored and developed by those in the mortgage industry, www.careertransitionnetwork.org is a go-to portal to assist transitioning mortgage professionals with their career objectives. […]

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Fitch Downgrades, TAF 2, Bill Gross, MBIA, Insurers, DR. Seuss on CDOs
 
has a list - Friday Night Lights Out - Keeping up with the downgrades on various RMBS deals is turning into a full time job. Here’s a list of the downgrades issued tonight by Fitch alone — remember, these are the downgrades issued just […]

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To Our Clients, Colleagues and Friends:.
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· We were just reading the Wells Fargo presentation from the Dec. 12 Goldman Sachs Financials Services CEO conference.  Here’s one tidbit we found of great interest.  Of the $71.5 billion in HELLOCS they plan to hold in portfolio, a full $11.5 billion (16%) are HELOCS in first lien position.  […]

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Wharton Interview, Herb Greenberg, FDIC, Investors Must Yield, Bear Stearns, Citi Solves SIVs, Countrywide, Cryptic, Not Enough, Paulson, ECB $500 Bln, Foreclosures Up 68%, Ambac-MBIA, Incentives Distort, Accounting Strained
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The Subprime Drama Continues, but for How Long? - interview with Richard Herring, a professor of finance at Wharton … thanks Ira Artman for finding this -   […]

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Waiting to lock until this morning? I hope not! Mortgage prices are worse by .250 in price and the 10-yr is back up to 4.08% after U.S. Personal Spending jumped a much bigger-than-expected 1.1% in November, the sharpest rise in more than two years, while prices rose. The personal consumption expenditure price index, a key […]

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