Freeze The Rates!!!! And Cut Them!!! WooHoo!!!!
Stock investors seem to like Bush’s plan to freeze the teaser rates on adjustable rate mortgages for a few years to give homeowners a better chance to hang onto their houses (S&P Intraday Chart).
Stock investors seem to like Bush’s plan to freeze the teaser rates on adjustable rate mortgages for a few years to give homeowners a better chance to hang onto their houses (S&P Intraday Chart).
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Some really interesting stuff playing out today in what else: mortgage backed securities. Yesterday (Wed) after the close, Thornburg Mortgage (TMA), a high quality and well respected originator and securitizer of jumbo (more than $417,000) mortgages, announced in a filing…
“…. in light of recent changes in the outlook for and the risks to growth, additional policy easing may well be necessary. The Committee will, of course, be carefully evaluating incoming information bearing on the economic outlook. Based on that…
In a modern financial system, nothing is more frightening than a run on the bank. – Tom Petruno, “When faith is frayed”, July 12, 2008, LA Times As most of you know by now, the Federal Government closed and siezed…
NOTE: Every week or two I wrote a Client Note for my clients. I post most but not all of the notes to my blog but with a time delay usually between 1 day and 1 week. To receive the…
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …