posted by Bill Coppedge

OFHEO: GSE Reform Need is ‘Critical’ - housingwire

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Moody’s Announcement Falls Short - by Richard Bitner - lendingsanity.com

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Bookkeeping: Beginning Stake in Thornburg Mortgage (TMA)  - Fund my Mutual Fund 

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Debt Trap Mass Exodus - more on foreclosures and walking away - globaleconomicanalysis

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Median home prices in California may drop up to 10 percent this year  - … A 10 percent drop would bring the median price of a detached, single-family house statewide to about $518,400 in 2008, based on the California Association of Realtors’ data.  - Mercury News
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Deutsche Bank Net Falls; Subprime Writedowns Avoided (Update4) -  Bloomberg

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Tom Brady and Efficient Capital Markets -  Two university professors use a football playbook to teach net-present value, IPO pricing, risk-shifting, and more to undergrads and MBA candidates. -  CFO.com

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Further Evidence That We Are in a Recession and Month in Review, February 2008 - John Burns RE Consulting
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Thought Subprime Woes Couldn’t Get Any Worse? - The value of subprime mortgages securitized in 2006 is set to plummet. - CFO.com
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The Boom-Bust Cycle, Applied to Many Markets - a look at commercial mortgages and their lesson - The Aelph Blog

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1.  Real Estate, Speculation & "Occupancy Fraud" - …. Speaking of fraud — I am curious about these lenders, now claiming they were defrauded by speculators. How many of them asked the following questions, and then did the due diligence to verify the data:
- Do you presently own your primary residence?
- Is your home currently listed for sale? Or, are you in contract ?
- What is the asking price? Who is your real estate agency?
- RE Agent name? What’s their phone number?            The Big Picture
2.  PJ weighs in on Occupancy Fraud - housingwire

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important read this - Revenge of the Nerds: QSPEs an Endangered Species - … One thing, however, would seem to be crystal clear: loans would, in all likelihood, no longer be able to be transferred off of a lender’s balance sheet. … - housingwire

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Thoughts on the Future of Credit Markets -
- Are banks going to make a comeback, regaining their old share of the credit intermediation market and reverting to on-balance-sheet lending?
- Is securitization dead or dying?
- Are we going to see a permanent shrinkage of the leveraged loan market with the attendant consequences for private equity?
- Will foreign investors flee U.S. credit markets?
Dennis P. Lockhart,President and Chief Executive Officer - Federal Reserve Bank of Atlanta
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Housing Futures Continue To Fall - BIG