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[The AGA Weblog] Small Agencies Benefit from the CEAR Program: In her June 16 blog about the CEAR, Evie Barry, AGA’s director of Performance Reporting, cited these sidebars as “excellent primers for helping the unfamiliar understand a complex government function that is rich in acronyms.” Writing these and the rest of the PAR requires OFHEO staff to have the discipline of explaining our technical work in understandable, jargon-free language. It reflects our third strategic goal of continuing to support the national policy of an efficient secondary mortgage market by providing timely information and analysis on key policy issues such as loan limit changes, Enterprise market share and OFHEO's quarterly House Price Index.
[$$$ Smart Solutions $$$] Eli Broad Says Economy in Worst Slump Since World War II: Although rates are very desirable, the only people to benefit are those with above average credit ratings. Granted things got a little out of hand, the mortgage companies were giving away money to anyone who was willing to sign there name.
[Accountability Central] Expect US Economic Woes To Linger Into 2009: writes Russell Palmer, CEO of a private investment group in Philadelphia and a former dean of the University of Pennsylvania's Wharton School. "Wall Street hedge funds and others are looking for any financial machination that they can find to hype their financial returns.
[Real Estate] GREED HAS RUN AMOK IN MORTGAGE INDUSTRY: In an atmosphere where the greed of mortgage brokers ”” and conduit lenders in particular ”” went unregulated, many were emboldened to exploit unsophisticated and unqualified borrowers. At the height of the economic boom, brokers frequently pressed residential borrowers who were eligible for prime mortgage loans to take out subprime loans that came attached with higher interest rates, which improved the brokers’
[Wednesday-Night] The Economy - What went wrong & What’s next?: (The Economist) HOW did UBS, a Swiss bank whose core business is the staid one of wealth management, manage to lose $38 billion betting on American mortgage-backed assets, battering its core capital and share price in the process?
[Mortgage Broker Forums at Broker Outpost] Good article by an appriaser (by: pdm): While lenders were eager to move loans and overstepped their bounds in doing so, and mortgage brokers and Realtors and everyone else wanted their commissions, the most unlikely of players, the borrowers themselves, were the ones putting the most pressure on everyone in the transaction regarding the appraised value. They usually forced loan officers and mortgage brokers to be their mouthpieces to pressure you, though it's obvious that they also sometimes proudly took on the task themselves.
[The Democratic Daily] Dizzy’s Ten Post Round-Up: Tags: Americablog, Covert Ops, dizzy's ten post round-up, Economy, Gay Pride, George W. Bush, Homosexual Marriage, Huffington Post, hypocrisy, In The News, Lewrockwell, Loan Sharks, Morgan Tsvangirai, Mortgage Debt, MSNBC, .
[The Fundermentalist] Former US Comptroller tells UJA bankers they were MIA while crisis ...: Wednesday night, the guests at the annual banquet of the UJA-Federation of New York’s Wall Street and Financial Services Division got a message that they may not have liked: The economy and the country are screwed, and you all are complicit.
[Walash's Weblog] Foreclosure Phil: John McCain’s presidential campaign and advises the Republican candidate on economic matters. He’s been mentioned as a possible Treasury secretary should McCain win.
[Livinglies's Weblog] Mortgage Banking Meltdown AND Foreclosure Defense: Who Are the ...: While this system became a huge and vital source of money to fuel the U.S. economy, the subprime mortgage crisis and ensuing credit crunch exposed a major flaw. Unlike regulated banks, which can borrow directly from the government and have federally insured customer deposits, the shadow system didn’t have reliable access to short-term borrowing during times of stress.
[Walash's Weblog] The Enron Loophole: With the U.S. economy now battered by a tsunami of mortgage foreclosures, the $30-billion Bear Stearns Companies bailout and spiking food and energy prices, many congressional leaders and Wall Street analysts are questioning the wisdom of the radical deregulation launched by Grammâ€â™s legislative package. Financial wizard Warren Buffett has labeled the risky new investment instruments Gramm unleashed “financial weapons of mass destruction.”
Reflected tags on Technorati: Blog, CIA Leak Case: Blogs, Photos, Videos And More On Technorati, Subprime Meltdown: Blogs, Photos, Videos And More On Technorati, EconWatch.com
