MortgageNewsClips: Russ Middleton, Hamptons Foreclosure, Used Cars, FN-Freddie, Commodity Investing, Gross Prefers Swaps, Different Directions, David Kotok, 8 more News Clips

June 28th, 2008 · No Comments

Bad To Own (Bad to the Bone- George Thorogood)  -  as re-written by Russ Middleton at JPMorgan Securtities

On the day I got long, all the Managers gathered ’round.
They gazed at my blunder, and not one made a sound.
The Head Trader spoke up, he said “It’s dropping like a stone!”
They all backed away full knowing, that it was Bad to Own.

Bad,  Bad to own.  Bad,  Bad to own!

My house in the Hamptons, bought it for two point two.
I put in a few hundred more baby, and now I’m through.
My neighbor just got thrown out, it’s now …Real Estate Owned.
Bank offer is one point two honey, It’s just Bad To Own.

Bad,  Bad to own.    Bad,  Bad to own!

My stock options are worthless, I’ve had my last chemical peel.
The bill collectors are in a rush, Repo man took my wheels.
I’m gonna be out on the street, cold and all alone
Just throw a bid on that bond honey, cause - It’s Bad To Own!

(Thanks to Brian Youll for pointing this out.)

————

 

 VIDEO:  Hamptons Foreclosure from WSJ  - $19.5 Million Hamptons Mansion In Foreclosure 

————

has slideshow - Used Cars Make A Comeback - Jacqueline Mitchell - Demand for used, fuel-efficient cars is on the rise, driving the prices of these cars up significantly in the past six months. - Forbes 

————

Fannie, Freddie commit to buy $50.7 billion in mortgage bonds in May - In May, Fannie Mae’s net commitments were $24.5 billion, down from the $30.7 billion in April, while Freddie’s commitments were at $26.2 billion, … - MarketWatch

————

The Case for Commodity Futures - Joëlle Miffre, PhD - … If we look at the observed rally in commodity prices from a purely financial perspective, one can trace it down to six commonly a