‘”The difference between stocks and houses is, outside of Love Canal & Detroit, houses don’t go to zero.”‘

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We had a near miss in title today and if it’s happening here, it’s got to be happening everywhere.THE PROBLEM The Sheriff’s office is so overwhelmed with foreclosure volume that they can’t provide data to the Prothonotary as quickly as usual and so YOU CANNOT RELY UPON A CURRENT SEARCH OF THE […]

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‘Treasury Secretary Hank Paulson has thrown a bucket of cold water on a number of proposals being floated in Washington to rescue troubled borrowers via the explicit use of public funds, such as the idea of reviving the 1933 Home Owner’s Loan Corporation to buy underwater mortgages and renegotiate them.’

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‘The cost of protecting European corporate debt against default rose on Thursday as investors lost faith in a start-of-the-week rally.Overnight, Moody’s hinted it may cut the Aaa rating of Sigma Finance, the SIV-like finance company run by London-based asset manager Gordian Knot, which could affect $27bn of debt, lead to forced sales and impact markets.’

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“The news is obviously very good for the market, as it means more people can invest in Fannie and Freddie”

By Ellis Mnyandu Reuters Wednesday, February 27, 2008; 11:37 AM NEW YORK - Stocks rose on Wednesday after Fannie Mae and Freddie Mac got the green light to invest more money in the mortgage market, sparking an … via Washington Post

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Hello out there. This is Kristen Kelly with Building Champions and this is my first blog posting, so please be nice. I am a business and personal Coach specializing in the mortgage industry. My blog will be all about current challenges in the mortgage industry and how to overcome them. Today’s […]

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”We have a problem, which is that the spreads between the Treasury rates and lending rates are widening, and our policy is essentially, in some cases just offsetting the widening of the spreads, which are associated with signs of illiquidity,’ Bernanke told the House Financial Services Committee.’

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‘Evans also worked with his mother and siblings to run separate firms with such names as Class Act Construction, the Evans & Hall Realty Investment Corp. and E&I Funding. His mother, Mae Evans, held state licenses as a real estate broker and salesperson starting in the 1970s, but both licenses were revoked in the 1990s after state regulators determined that she improperly handled client accounts.’

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‘A dirty little secret of the bond insurer mess is that the rating agencies not only aided and abetted their ill-fated entry into the structured finance business but apparently prodded them in that direction.’

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‘Thornburg Mortgage Inc , a lender trying to recover from tough credit market conditions, said on Thursday it has faced more than $300 million of margin calls in the last two weeks following a sudden deterioration in mortgage market conditions.’

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