The Mortgage Dance? EZ:Just Follow the Bouncing Ball

And the beat goes on…but sometimes it helps to have that little bouncing ball show us exactly what lyric we are singing this week. All together now:

Today the Fed suprised no one by opening the discount window to ailing siblings:Fannie Mae and Freddie Mac. Together they hold more than half of all [...]

Countrywide,Wall Street and Animal House

There is a great scene toward the end of the movie Animal House. The Deltas have decided to wreak havoc on the Faber College Homecoming parade. The grandstand has been destroyed,floats are running amok,people are fleeing for their very lives and there is chaos in the streets. One of the ROTC members who [...]

Countrywide Set Asides

The following is an email sent 10/26/2007 to some of my Realtor clients. Their is no attachment to this post (not sure how to do that yet!) but I believe all the salient information is included. Again,I am posting these now because I am fairly sure I will want to reference them at a [...]

Option Arms:Iceberg Dead Ahead

The next couple of posts are a bit dated,but they reference events going on in the real estate mortgage market that I am sure I will point to later.

 

Adapted from a speech given August,2007

There has been a lot [...]

Countrywide is Losing Its Car Keys

The market has been an interesting place lately. Not too long ago New Century,the second largest sub-prime lender in the land,declared bankruptcy. How did this happen and what does that have to do with Countrywide?

My good friend and co-worker Brian Brady came out of the securities field just as I did (he [...]