Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 16, 2009, 5:14 am
"The company's decision was intended to quiet some of the popular dissent about Wall Street prospering while Main Street is still struggling and, like some of the other image-repair work they'...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 16, 2009, 4:40 am
" A 2006 Fortune article pointed out that from 1995 through 2005, builder confidence was a near-perfect predictor of future stock market returns. But, as happens all too often, the Fortune story was a...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 16, 2009, 4:30 am
"The House bill does address the most important problems of regulating systemic risk and too-big-to-fail institutions directly–make no mistake about it. Guaranteeing the liabilities of major U.S. fi...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 15, 2009, 3:30 pm
" Fewer homebuyers are likely to consider purchasing a foreclosed property in the future, according to a survey conducted by the online real estate companies Trulia.com and RealtyTrac."
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 15, 2009, 3:28 pm
" Southern California's housing market showed some signs of life in the traditionally slow month of November with home prices and sales improving"
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 15, 2009, 3:25 pm
" Oh, you know what… stop treating me like I’m a stupid child… the banks are NOT back on their feet in any way, shape, or form… period. In fact, the banks have the same problems they did a ye...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 15, 2009, 1:35 pm
" Citigroup Inc. Chief Executive Officer Vikram Pandit, emerging from a U.S. bailout with higher capital levels and loan-loss reserves than any peer, still has a $617 billion reason to worry."
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 15, 2009, 1:33 pm
" Cheney's and Rumsfeld's script was never supposed to develop like this. Instead of US Big Oil getting the lion's share, strategic competitors Russia and China turned out to be big winne...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 15, 2009, 1:30 pm
"All of these banks have "exited" TARP. They have all diluted their shareholders and expended shareholder capital to pay the preferred dividends and pay other expenses associated with same. Yet post...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 15, 2009, 1:27 pm
" UBS AG will not sue its former bosses after risky bets on subprime mortgages and a strategy of helping U.S. clients dodge taxes by hiding money in secret accounts brought the Swiss bank to its knees...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 15, 2009, 1:13 pm
Leaders are considering a hike of roughly $300 billion to the nation's $12.1 trillion deficit, though the final figure has not been nailed down, congressional aides said on condition of anonymity....
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 15, 2009, 9:19 am
"“Despite modest increases in the number of properties coming on to the market, it is clear that this is not significant enough to keep pace with the levels of demand,” Ian Perry, a spokesman for ...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 15, 2009, 9:18 am
"The three largest U.S. banks are preparing for a comeback in the market for collateralized debt obligations backed by high-yield, high-risk loans, two years after issuance tumbled when credit markets...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 9, 2009, 11:27 am
On 2009-12-07, the U.S. Department of Housing and Urban Development (HUD) announced the immediate suspension of Equitable Trust Mortgage Corp. from the underwriting and origination of FHA-insured loan...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 9, 2009, 10:54 am
He really said it. The nation must "continue to spend our way out of this recession". Obama presumably thinks such a thing is possible. And that in turn would seem to indicate that in his view it...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 9, 2009, 10:50 am
"...,Mr. Volcker didn't say (but should have) is why government has sat back and watched all this so-called "innovation" that, in fact, has done nothing but screw us."
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 9, 2009, 10:44 am
"Wells Fargo & Co.’s efforts to repay U.S. bailout funds may be hindered by a $5 billion debt owed to Prudential Financial Inc. that could drain the bank’s cash or dilute current shareholders."
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 9, 2009, 10:40 am
A year after he was at the center of the biggest bankruptcy in US history, former Lehman Brothers boss Dick Fuld appears to be trying to pay penance for the firm's stunning collapse by offering to...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 9, 2009, 9:43 am
"TCW Group Inc. put $450 million of mortgage securities up for sale as clients pulled about $1 billion from its funds, the latest fallout from last week’s firing of the Los Angeles-based firm’s ch...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 9, 2009, 9:41 am
"Houses are making a comeback in the U.K. as buyers reject “little box” apartments and investor demand for rentals evaporates."
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 9, 2009, 9:38 am
"The tumble in bonds of Dubai’s state- controlled companies to record lows signals growing concern more borrowers will fall behind on debt payments as Dubai World seeks to restructure $26 billion of...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 9, 2009, 9:22 am
" Investors have little chance of extracting damage awards from executives and board members at firms that lost money betting on subprime mortgages, said the chief executive officer of XL Capital Ltd....
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 9, 2009, 9:20 am
"- CIT Group Inc. is set to emerge from bankruptcy this week with less debt, more cash and no one in place to run the commercial lender after December."
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 8, 2009, 9:14 pm
"The Home Affordable Modification Program (HAMP) came under more pressure today after Chase revealed the process has been cumbersome and less successful than its own loss mitigation efforts."
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 8, 2009, 9:12 pm
"More than one quarter of mortgage defaults are strategic — when a borrower chooses to default because the property that secures the loan is worth less than the remaining balance of the mortgage, ac...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 8, 2009, 9:10 pm
"A key federal mortgage workout plan, the Home Affordable Modification Program (HAMP), that allocates incentives to servicers, borrowers and lender/investors is failing to address the issue of second ...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 8, 2009, 9:05 pm
"“The recent events in Dubai mean that the cost of capital in commercial real estate just went up, not just the cost of commercial restructuring,” states James Frischling, CEO NewOak Capital on Du...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 8, 2009, 1:04 pm
"The new FHA rules are "going to create substantial confusion and turmoil," for mortgage companies that make FHA loans, said Jack McCabe, a real estate researcher in Fort Lauderdale, Fla. "They have t...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 8, 2009, 12:49 pm
"The U.S. loan modification program is “destined to fail” because it doesn’t confront the real problem of negative home equity that is driving foreclosures, Amherst Securities Group LP’s Lauri...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 8, 2009, 12:44 pm
"National Valuation Service, a Nationwide Appraisal Management Service Cooperative is pleased to put forward its compliant vendor management platform for the new FHA Appraiser Independence and Apprais...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 8, 2009, 12:06 pm
" Moody’s Investors Service said its top debt ratings on the U.S. and the U.K. may “test the Aaa boundaries” because their public finances are worsening in the wake of the global financial crisi...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 8, 2009, 11:58 am
"Home prices increased for the second straight quarter in Freddie Mac’s (FRE: 1.105 +2.31%) Conventional Mortgage Home Price Index "
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 8, 2009, 11:19 am
``We need judges to be able to write down mortgages on primary residences because the banks aren’t doing it voluntarily, the administration’s Making Home Affordable plan isn’t working, and the r...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 6, 2009, 7:48 pm
"In a sign of hard times, lenders and landlords in the county sought 28 percent more court-approved evictions in fiscal year 2008-2009, which ended June 30, than the year before. The number of evictio...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 6, 2009, 7:45 pm
" Secretary Geithner acknowledges what most doomsdayers were saying last fall, that without the government’s extraordinary rescue measures, the entire financial system was on the verge of collapse. ...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 6, 2009, 7:41 pm
"The Bank of International Settlements is taking a more public stand on a matter it took up with central bankers privately prior to the crisis, namely, that overly low interest rates stoke asset bubbl...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 6, 2009, 7:41 pm
``Bernanke keeps piling on proof of how inept he really is. After arguing for years that it is best to leave bubbles alone then take care of them after they pop, he now thinks that "maybe" he was wron...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 5, 2009, 7:42 pm
``You get the strong impression that Mr. Bernanke fails to appreciate the tenuousness of the situation—fails to understand that the pure paper dollar is a contrivance only 38 years old, brand new, r...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 5, 2009, 6:57 pm
``I was trying to answer the simple question that you'd think regulators should want to know: how much of each bank's revenue is derived from trading (taking risk) vs. other businesses? And ho...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 5, 2009, 6:53 pm
In the release we find that bankruptcy filings are up 100+ percent from 2007... Now if things were recovering why would bankruptcies still be going up? The fact of the matter is that many Americans ...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 5, 2009, 5:48 pm
"This week's ISM Manufacturing Index indicates that the services sector contracted quite strongly. The BLS report issued on Frday, however, claims that 86,000 jobs were added in the sector (52,000...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 5, 2009, 5:45 pm
Historically speaking, it wasn’t until relatively recently that apartments over stores on Main Streets in the suburbs lost their cachet. And these days, if smart-growth advocates and suburban pl...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 5, 2009, 5:40 pm
"Boulder County home prices have depreciated on a year-over-year basis for the first time in more than 21 years, according to the latest data from the Federal Housing Finance Authority."
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 5, 2009, 5:38 pm
"Oklahoma Housing Finance Agency’s Board of Trustees approved Home Investment Partnerships Program — HOME — contracts to provide funding for affordable housing during its November meeting."
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 5, 2009, 5:36 pm
"Housing Finance Agency CEO Priscilla Almodovar quits after less than three years on the job; credited with reforming agency and doubling number of affordable housing units financed by the state."
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 5, 2009, 5:31 pm
" To replace the rainy day fund, 75% used up in a year (supposedly to prevent tax hikes), Alderman Stone proposes selling city land, further cannibalizing Chicago's assets."
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Dec 5, 2009, 5:28 pm
" More than $200bn of outstanding pay-option adjustable-rate mortgages (ARMs) originated and securitized from ‘04-’07, according to market commentary by Moody’s Investors Service this week"
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Nov 29, 2009, 4:26 am
"Banks borrowed slightly more from the Federal Reserve's emergency lending program over the past week."
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Nov 28, 2009, 11:09 pm
"If there is no clear, easy way out for housing, then there is no clear, easy way out for Wells Fargo. Wells is sitting in a huge pile of Pay Option Arms in bubble states like California, where prices...
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Randall M. posted an article on The Mortgage Lender Implode-O-Meter - Nov 28, 2009, 10:57 pm
"Gold has long been favored by a fringe of the investment world, but this year some of the world's leading hedge-fund managers have loaded up on the precious metal amid concern government efforts ...
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