Mortgage Banking

Here is Housing Doom’s fifth installment of our unauthorized annotated transcript of the American Enterprise Institute’s October 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" [1] This is the presentation by Chris Whalen. He makes use of a slide deck.[2] Here is the official transcript. […]

Bill’s latest didn’t need much editing beyond searching out some of the implied links. I omitted the family-related news at the very end, so if you’re a Maloni insider you’ll want to check out the original.
This did end up being a bit of a derivative work.  Bill, could you at least stick the links […]

 
"New intrigue will arrive in the late afternoon when the Fed releases its balance sheet, an exercise it does usually every Thursday at 4:30 p.m., but will instead do so today [Friday]."
 
A few more mainstream people are starting to pick up on the importance of these weekly H.4.1 updates. The above was from a […]

but … "Great Britain’s main city has the best infrastructure of lawyers, accountants and financial experts in the world. "
…
Crina Boros: There are still issues to be discussed about the economic crisis.
George Iacobescu: They cut down forests to write about it. I believe that such an economic crisis had never happened before. The entire mankind […]

 
"Bill Gross must be smiling"
 
That quote comes from the comment thread for Calculated Risk’s post [1] covering a new Fed program to buy up to $600 billion of GSE Agency Debt. It’s not often that our blogging world invades the kitchen at Doom North, but CBC News World at Six Tuesday at suppertime had […]

By now the Citi bailout is almost certainly in the bag, so that should keep everyone busy over the short pre-holiday week.  However, I’d like to get one thing out of the way before everyone starts agonizing over Black Friday and Ben’s mea culpa.
Yesterday one of the local Seattle papers had a speculative piece about […]

Housing Doom is happy to present yet another lightly edited extract from our friend Bill Maloni.  His original post also contains some non-housing-related name-dropping — names so familiar even I recognized one of them Doom may agree with almost nothing Bill says, but his political opinions are always sharp and insightful.  Not to mention […]

Here is Housing Doom’s fourth installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" [1] This is the presentation by Tom Zimmerman. He makes use of an extensive slide deck.[2] There is now an […]

 
"Meanwhile, the prospect of the government creating an asset class that would directly compete against and carry a stronger government backing than the government-sponsored enterprises has led to an exodus of investors in debt securities issued by Fannie Mae and Freddie Mac, which are now wards of the state."
 
The above is taken from this story,[1] […]

Here is Housing Doom’s third installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" [1] This is the presentation by Nouriel Roubini.
Highlights
"… there’s a growing recognition that this was not just a subprime mortgage problem …"
"… […]