|
| |
tarp: Nicole's Week in Review - 03/30/09 02:12 PM
Last week provided some good news on the economic front, relative to what we've seen lately. The U.S. Personal Savings Rate came in at 4.2% -- the highest we've seen in decades! This is great news, especially considering we had a negative savings rate not too long ago (see chart).
It also looks like the Treasury is FINALLY using TARP funds to buy toxic assets -- well, that's a novel idea (eh-hmm). Treasury Secretary, Timothy Geitner, announced last week the Treasury would team-up with private investors to buy toxic assets off banks' books. The Treasury will provide private investors … (2 comments)
|
tarp: Nicole's Week in Review - 03/16/09 10:25 PM
Last week's big news was the rally stocks enjoyed -- the largest in 2009. Wall Street certainly liked hearing Citigroup state it wouldn't need anymore capital injections, and Bernanke stating our recession could be over by end-of-year if the banking system can be stabilized. He also made it abundantly clear that major institutions would not be allowed to fail.
The consequences of our recessionary spending loomed its ugly head again as China expressed its concern over the safety of the U.S. assets it holds. Bernanke has attempted to quell these inflationary fears by stating the U.S. has an "exit strategy" … (1 comments)
|
tarp: Banks Tighten Lending Despite Receiving TARP Funds - 02/04/09 09:58 AM
I received another wave of emails last week from my investors announcing an increase to their minimum credit score requirement on government loans to a 600 FICO. Unlike small product differences amongst my investors, I refer to this sort of a change as a "mass exodus" as the flee of investors from certain loan products affects mortgages offered industry-wide. See below my description of a "mass exodus".
Recognizing this market shift, I called a Broker I work with who has a client (587 FICO) writing an offer to build a home. I explained I could easily write a prequalification letter for … (3 comments)
|
tarp: Credit-Rating Downgrades Burning Through TARP Funds - 01/08/09 10:23 AM
You've probably already heard TARP funds aren't actually buying troubled assets anymore, and if the reason why isn't confusing or irritating enough, we now find out one of the reasons why Wall Street's $700 Billion is not easing lending as originally intenteded.
From July 7th to date, there has been over $5 trillion in credit-rating downgrades in companies' mortgage-related securities, and of special concern is the accelerated rate of downgrades in 2008 ($1.84 trillion in Q4 2008, compared to $183 billion a year earlier). Ok, English please. Companies take a big hit on their income statements as their AAA-rated securities are downgraded. … (1 comments)
|
|
|
|
|
|
Nicole Lahti, Austin Texas Mortgage
Austin,
TX
More about me…
United Lending
Address: 8303 N. Mopac Bldg. A-201, Austin, TX, 78759
Office Phone: (512) 592-5468
Cell Phone: (512) 507-8312
Email Me
 Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)