Subprime Containment Theory Was a Lie

Conventional wisdom (or market spin) was that the risk of default from subprime would not spill over into Alt-A and Prime loans ... was the negative amortization loan. The loan balance can grow each month as the deferred interest is added ... they have not been widely exposed to these loan types. An adjustable rate mortgage resets to a different [more...]

Date: 2009-01-14 03:59:54

Blog posts (9) | Videos (10)
 

John Stumpf Q & A

What Wells Fargo plans to do on a bigger stageExcerpts:Q: In the investor presentation, ... that we didn't understand: negative (amortization loans), Pick a Pay or option (adjustable rate mortgages).We gave up tens of billions of dollars in loan origination volume and millions and millions of dollars [more...]

Date: 2009-01-12 03:28:00

What Goes Down Must Come Up

Wise man once said that: a great person can see opportunities in certain circumstances where other people see it as problems ... , or to refinance an existing loan. They can help us compare Oregon mortgage rates, calculate payments, run amortization tables and connect us with the best lenders. There are some incredible Oregon [more...]

Date: 2009-01-11 02:25:58

The reset that only partially barks?

By Fester: Alt a august 2008 Last August, I wrote that we should expect to see a tremendous number of Alt-A and prime mortgage problems similar ... mortgages. Two things would work to create payment shock in my implicit model.  The first is loans would stop being interest only and become fully amortized loans where there are principal payments [more...]

Date: 2009-01-14 19:20:04

Short Sale: One Way for Homeowners to Avoid Foreclosure

If you are having extreme difficulty in paying your monthly mortgage amortization, consider turning to short sale to avoid foreclosure ... another home loan when things get better at least one year after the sale. Foreclosure almost always removes a consumer’s chance of taking another home loan in the future. A short sale is a real estate [more...]

Date: 2009-01-14 18:07:29

Niall Ferguson's "The Lessons of Detroit"

Here's an excerpt from Harvard financial historian Niall Ferguson's massive Vanity Fair article explaining it all: "Wall Street Lays Another Egg:" ... mortgages, without amortization (repayment of principal), even when the principal represented 100 percent ... , with the cost of the loan backloaded. All of these devices were intended to allow an immediate [more...]

Date: 2008-11-07 12:06:22

Small Commercial Mortgages - Current Options

Small Commercial Mortgages - Current Options Posted by Dark Spider at January 4, ... fixed with 20 year amortization type loan structures. For example, there are still banks and lenders ... and can be more work than larger commercial loan request, with the bigger pay day. So if you’re [more...]

Date: 2009-01-04 12:07:27

How the West was mortgaged

How the West was mortgaged If this were a whole book, I'd maybe possibly understand the sub-prime lending thing better ... tickled to be able to offer you and your husband the finest 5/1 negative-amortization loan this side [more...]

Date: 2009-01-12 14:56:28

When Will the Real Estate Market Stop Going Down?

by Mary Bush A question I get asked quite often is when will the real estate market stop going down? Or have we already hit bottom? ... to go up. Also there are thousands of people in negative amortization or pay options arms that have yet ... and investors of mortgage backed securities are now getting very strict. Many of the loan programs [more...]

Date: 2009-01-04 23:42:02

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