MortgageNewsClips: IOU, Risk Based Pricing, 28/36, Last?, Reverse Mortgages, Once in a Lifetime, HE Losses, Subprime Paper, Fed Lending, How Bad?, Ethos, Downey Savings, Mark Perry, Tom Brown, MISH on Deflation, Andrew Corn

March 19th, 2008 · No Comments

Cartoon - IOU’S Industry Of United States  -  Total Asset Performance 

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Fannie and Freddie Up Risk-Based Pricing - has links to GSE tables, and examples of risk based pricing - Michael Steinberg - Click Broker 

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28/36- Why House Prices Must Fall - Bob Morris - seeking alpha

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The Last Interest Rate Cut from the FOMC and Bernake -  Stock Traders Daily

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Reverse Mortgages:  Financial Freedom Drops LIBOR Reverse Mortgages, Wall Street Stops Buying Jumbo Products -   Reverse Mortgage Daily

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“Once In A Lifetime” Moves? - The action in many Financial stocks over the last couple of days has been truly amazing.  In the table at right, we highlight the percentage change from the close last Thursday to the lows yesterday, along with the change from the lows yesterday to current price levels.  While Bear Stearns is in a world of its own, big names like LEH, MS, MER, GS and C saw declines of 15% to 50%, only to be followed with gains of 20% to 100%. - BIG 

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US Financial Institutions Grapple With Higher Home Equity Losses - Fitch Ratings reported last week that continued declines in home prices, high consumer debt levels, and slowing economic trends have all combined to yield increasing