Mortgage Industry Trends

I've been meaning to dust off this blog and put together some thoughts about Tarp or not to tarp, and Rick's timely article has prom

Finally, the folks over at Treasury have figured out how to fix what is ailing the credit markets- set up a special purpose vehicle to buy good, but hard to sell assets.

Congressman Barney Frank (D-MA) and House Speaker Nancy Pelosi (D-CA), continued the political farce in Washington regarding the financial industry troubles by doing what politicians do best in a cris

It would have made for better drama if Fannie & Freddie had told Paulson to shove it.

I don't think any GSE watcher would have ever thought what happened could have happened.

You are about to wire closing funds to the table, into the hands of a lawyer or settlement company employee you have never met before, but no worries because you have a Closing Protection Letter right

In retrospect, consumers, investors, central bankers, and now regulators all wonder what caused the once ethical mortgage banking to lose its sanity, while pursuing profits and pipeline deals.&nbsp

Well, it was inevitable. There is no time in American history when a crisis takes places and lawyers don't immediately circle the wagons like vultures seeking new prey.

I just love the way the stock market works. Its almost like a politician, blowing in the wind of the latest poll.

Market conditions in the mortgage industry are clearly forcing lenders to find better ways to conduct business in an effort to sustain themselves.

On the heels of the Bank of America announcement that they are going to acquire Countrywide, there is a flurry of announcements and transactions.