© 2008 Ira Artman [*click* for Prior] STERLING SLIVERS  -  Bar Stool Correspondence [*click* for  Theme] Today I received, from a “headhunter” friend, a copy of a story that’s circulating on the web, titled “Bar Stool Economics.” You may want to re-acquaint yourself with the story if you haven’t seen it before. The alleged [...]

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The mother asks the son what he wants to be for Halloween.  “I want to be real scary. I want to be Freddie”. The mom replies, “Freddie Krueger? From ‘Nightmare on Elm Street ’?” “No”, the boy replies, “Freddie Mac, from ‘Nightmare on Main Street ’.’” Although nationwide apps seems to be doing ok (see [...]

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. Senior Lending Network Suspends Proprietary Reverse Mortgage Products-  … for its Equity Plus Advantage and Simple 60 for the next 60 days.  … According to the email, the SLN saw its volume of new submissions increase much more than expected and has exceeded the mandated allowable threshold on KBC’s balance sheet. - Reverse Mortgage [...]

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To Our Clients, Colleagues and Friends, · We get asked a lot if the Bank of America is truly committed to Countrywide and mortgage lending.  We have no special insight, but since taking over Countrywide on July 1, they’ve closed over $51 billion in mortgage loans.  So, yes, they sure seem committed. · We still [...]

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  © 2008 Ira Artman [*click* for Prior] STERLING SLIVERS - Fee Stooges [*click* for Special Theme]                                                    Source: www.threestooges.com,                                      The Three Stooges® Official Website  stooge  [stooj]  [Source: Dictionary.com ] noun:    One who allows oneself to be used for another’s profit or advantage; a puppet. verb:    Act as a stooge, [...]

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Scrambling for costume ideas? Short on cash for that VOA, up to $250,000,000? No problem – here’s a company that will throw “rented money” into your bank account, for a “performance fee” of 4-10%! Is this a new business line for unemployed mortgage folks? www.theassetbroker.com Incredible – although it won’t help with the costume choice. [...]

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. BIG BROTHER SECTION: Federal Reserve, Banco Central do Brasil, Banco de Mexico, Bank of Korea, and Monetary Authority of Singapore announce the establishment of temporary reciprocal currency arrangements  ———— Fed Cuts Rates by Half Point Amid Economic Deterioration  -  JON HILSENRATH, JOELLEN PERRY and TAKESHI TAKEUCHI -   WSJ.com  ———— Press Release - The Federal [...]

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(c) 2008 Ira Artman [*click* for Prior] STERLING SLIVERS - One Sided  [*click* for Special Phone Theme] REPORTER: Is the President aware of [public] concerns … that banks are … hoarding money now and … [not lending]? MS. PERINO: Well, one of the things that the Treasury Secretary has said [is] … we’re trying to [...]

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The big event of the week happens today when the FOMC announces their policy decision at 11:15AM PST, 2:15PM EST. The markets have priced in a 50-basis point cut, but many are calling for a 75-basis point cut. Once again, it raises the question about whether or not it will do anything to help mortgages, [...]

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  © 2008 Ira Artman [*click* for Prior] STERLING SLIVERS – On Hold In Mudville [*click* for World Series Theme] Times Plans to Combine Sections of the Paper New York Times, 6 Sep 2008 The New York Times will reduce the number of sections … in a move to save money on production, the newspaper’s [...]

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