Negative Equity Certificates? Hmmm... - 02/23/08 07:26 AM
When all else fails, speculating on market appreciation seems far more productive than betting on disaster. Atleast, the OTS seems to think so. From the Washington Post: The Office of Thrift Supervision is preparing a plan to help mortgage borrowers who owe more than their homes are worth and to discourage them … (16 comments)
Pre-Boom Lending Standards, Post-Boom Prices...Are You Kidding Me? - 02/21/08 01:42 AM
For a few days now I've fussed about how to deliver this post without it sounding like a public tongue lashing at banks. Upfront I'm clarifying that this is not a professional thesis about price gyrations or inventory glut, nor should it be construed as buy/sell advice. It's simply an observation … (43 comments)
Warren Buffett shows the Monoline industry how it’s done... Checkmate. - 02/12/08 10:04 PM
There is simply no denying it - Warren Buffett is a brilliant investor, and he's shrewd as hell. At a time when the municipal bond insurers (monolines) are being battered with subprime contagion, Mr. Buffet - the most revered "value investor" of our time - is entering the "munis" business and … (18 comments)
Basel II - Rethinking it all - 02/06/08 12:44 PM
This mornings Housing Wire article titled "Fitch: Guarantors Face Downgrades, Regardless of Capital Levels", makes it pretty clear that regardless of how much doe the monoline's raise, they're stuck in a "cat chasing the tail" mode and will likely continue to loose their potency in the capital markets. From the article: "The … (28 comments)
Declining Market by Zip Code (Web-Tool) - 02/05/08 07:06 PM
Homecomings Financial(SM), one of nation's largest wholesale channels today released a nifty Webtool (compliments of parent company GMAC) that determines if a property is in a "declining market" by zip code, and the magnitude of the decline based on a new A, B, C, D grading system. Mind you, these are … (41 comments)
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When all else fails, speculating on market appreciation seems far more productive than betting on disaster. Atleast, the OTS seems to think so. 
