Notice to Loan Officers/Brokers
The following comes from a major U.S. mortgage writer. It is typical of what has been going on in the mortgage business over the past few...
The “Chutzpah” of Bear Stearns
"Chutzpah" (חֻצְפָּה) is a Yiddish word. It is defined as brazen audacity to the nth degree. It is used to...
Understanding Credit’s Alphabet Soup
There were a couple of great graphics in the New York Times recently, explaining in some degree of detail, the machinations of the RMBS,...
Blaming the Retail Investor
Earlier today, I mentioned an example of the wrong analysis/right investment posture. Here’s a perfect example of that: Last...
Quote of the Day: “the stunning failure of...
From the author of The Long Emergency, comes this just about perfect summation as to the present situation: “Last week’s...
Credit-Market Tremors
Another good piece from the public WSJ on "How Credit-Market Tremors Have Affected Junk Bonds, LBOs and Hedge Funds." Its...
Cool! Residential Mortgage Backed Securitization Process
How awesome is this info-porn of the Residential Mortgage Backed Securitization process via Credit Suisse? This puts into context exactly...
The Credit Window is Now Closed
The Dow is off 395 points as I type this. There will be some short covering shortly, and a rally attempt. But what I want to address is...
Weak Home Sales, Tightening Credit Standards = Multiple...
Earlier today on Real Money’s columnist conversation, Tony Crescenzi noted earlier that "It would be extraordinarily unusual...
The Great Credit Contraction of 2007
What is the inter-relationship between Housing, LBOs & Stock Buybacks? Last month, I noted 6 reasons why rising yields were a threat...