No Market For Commercial Mortgage Backed Securities
Similar Posts
The Facebook Fiasco And The Pricking Of Tech Bubble 2.0
Reading Time: 14 minutesNOTE: Every week or two I wrote a Client Note for my clients. I post the notes to my blog but with a time delay usually between 1 day and 1 week. To receive the Client Notes at the same…
WaPo: Clock Is Ticking For First Time Home Buyers Tax Credit
Reading Time: 2 minutesEveryone coming through the door is talking about this tax credit. They know exactly what it is and when it expires, and they’re rushing. – Brad Cohen, Mason Dixon Funding, Rockville Front page Washington Post story today on the Nov….
Signs Of Stabilization In Lennar 3Q Report
Reading Time: 2 minutesDuring the third quarter, the overall housing market continued its road back to recovery as more confident homebuyers took advantage of increased affordability. While high unemployment and foreclosures will continue to present challenges, consumer sentiment has significantly improved as homebuyers…
Same Story At WaMu
Reading Time: 2 minutesToday after the close Washington Mutual (WM) announced a $3.3 billion 2nd quarter loss driven by a $6 billion provision for loan losses (WM Earnings Release). WaMu has a quarter trillion dollar ($250 billion) loan portfolio, almost entirely in real…
Local Home Market In The Tank
Reading Time: 3 minutesA couple weeks ago DataQuick, the excellent real estate information firm providing data primarily for the California market, came out with its July 2006 numbers. The Sacramento Bee ran a sobering article based on the report: July … saw the biggest drop…
Massive Government Intervention Propping Up Housing Market
Reading Time: 4 minutesAt least for the next two years, and possibly longer, it is not possible that the government would say: ‘The U.S. mortgage market no longer needs our support.’ Were they to say that, the mortgage market and the housing market…