What's going on in the credit markets? - 08/10/07 06:27 PM
I thought I'd follow up my post from yesterday with an explanation of some of what is happening in the credit markets during the last two days.  Some people may have seen some headlines about the federal reserve injecting billions of dollars into the banking system along with ECB (European Central Bank), BOJ (Bank of Japan), etc.  More than likely this will get a lot more press in the main stream media this weekend, as the events are unfolding fairly rapidly.
To make a long, very complex story short...
Over the last several months the secondary market for mortgage backed securities (MBS) has deteriorated substantially.  Due … (22 comments)

Tonight Countrywide dropped a bomb on the financial markets - 08/09/07 07:30 PM
I usually try to keep my commentary on the financial/housing markets out of my blog here on ActiveRain but tonight such a substantial bomb was dropped by Countrywide I had to make mention of it.  For some, it has been a question of when the news would finally surface, not if.  The fact that Countrywide is one of the largest lenders out there and has also denied having a significant exposure to "subprime" (sorry subprime was never the real problem, it was loose lending standards) is going to really make this news hit home in the credit markets. 
http://online.wsj.com/article/SB118670096225293580.html?mod=yahoo_hs&ru=yahoo
"Countrywide FinancialCorp. faces "unprecedented disruptions" in debt and mortgage-finance … (20 comments)

Accepting the Inman Innovators Award - 08/09/07 09:10 AM
We already put up a blurb last Friday that ActiveRain won the Inman News innovators award for "Most Innovative Real Estate Media Site"  I finally was able to dig up a picture of the presentation so I thought I'd post it here.  Lucky for them they didn't let me give a speech.
"I'd like to start off by thanking all forty two thousand members of the ActiveRain Real Estate Network. Lets start alphabetically with..."
Lots more innovation to come over the next year, one trophy might get lonely on it's own.
-Matt Heaton (ActiveRain CEO)
… (31 comments)

 
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Matt Heaton

Bothell, WA

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Timu Corp - CEO, ActiveRain - Co-founder

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My ramblings about growing ActiveRain, the real estate industry and something I follow very closely, credit markets.  Why "The ActiveRain Addiction"?

My new project Timu, a communications and social networking platform for sports teams.

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