Jim Cramer is not just calling a stock market bottom, but now he’s calling a housing bottom too. In fact, he says go buy a house. “Buy a house and buy Bank of America too?” Cramer says: “This is patently obvious.”
Take a look and tell me what you think. Personally, I know his stock picking [...]
mortgages's tag archives
Cramer: Now is the time to buy a house
Jun
397 views
Green Shoots or Smoking Weed?
May
OK, I lied. I am forced to used that dreaded phrase – one last time. What did a commenter just call it: “Photosynthetically capable new plant growth?” The reason the dreaded phrase is making a comeback is due to the excellent analysis of Niels Jensen, Senior Partner over at Absolute Return Partners in London. Visit [...]
1,462 views
Whitney Tilson of T2 Partners, a new media darling, strikes a bullish tone
May
Actually, I lied. He really is not that bullish at all. But he does sound relatively upbeat by comparison to 5 months ago.
I have seen Whitney Tilson of T2 Partners a lot in the media of late. The two most recent appearances are with Tech Ticker where he talked about house prices and with the [...]
How refinancing helps the likes of Bank of America and Wells Fargo
May
Earlier today I posted an article about how accounting was favourable to banks in that it could help them weather the storm and appear well-capitalized until a recovery is underway. Afterwards, a buoyant economy would increase earnings enough to allow the massive writedowns that need to flow through the income statement to be taken in [...]
920 views
Foreclosures hit a record in April
May
This is a video from Bloomberg Television yesterday. It underscores the fragility of this incipient recovery. You will notice that California is leading the way in terms of foreclosures, one reason the state will 00 bankrupt or be bailed out. Here are some tidbits from the related Bloomberg News story:
342,000 homes were seized, foreclosed on, [...]
Almost all biggest subprime lenders have received bailout money
May
This report comes via “The Center for Public Integrity”:
The top subprime lenders whose loans are largely blamed for triggering the global economic meltdown were owned or bankrolled by banks now collecting billions of dollars in bailout money — including several that have paid huge fines to settle predatory lending charges.
These big institutions were not only [...]
Pre-payments are reducing value of mortgage-backed securities
Apr
If you read my recent post on How big banks earned so much money this quarter you would see that much of the income at Wells, JPMorgan, US Bank and others came from refinancing old mortgages. While this may be a boon to present income, it is very much a problem for the legacy [...]
Banks can do ‘You Walk Away’ too
Mar
The website You Walk Away has become pretty popular because it teaches mortgage holders how to dump their properties on banks and get out from under their mortgage without losing everything. Apparently, banks are getting into the act too — and walking away. That leaves some people holding the bag when they didn’t [...]
Fitch: Prime RMBS loss estimates way too low
Mar
This comes from Angus Robertson of Research Recap. Expect some major writedowns here going forward:
A dramatic rise in delinquencies has led Fitch Ratings to raise its average loss estimates for recent vintage jumbo prime mortgage pools to between 3 and 5 times higher than its previous estimate.
Fitch’s revised average loss estimates as a percentage of [...]
Obama’s mortgage relief and housing plan
Mar
The details on Obama’ new mortgage relief plan are out. The key parts are the following:
966 views
Archives
Recent Posts
-
- Where the wild things are
- Stop the madness now!
- Obama job approval now below 50%
- Morgan Stanley expects 10-year yields to rise 220 bps in 2010
- Largest U.S. refiner Valero now permanently shutting capacity
- News from around the web: 2009-11-20
- Bill Gross: "I think unemployment is here to stay"
- Ivy Zelman: “Home prices are going back down”
- Gross isn’t buying corporates, high yield or equities even with zero rates
- What would an alternative to bailouts have looked like?
Recently Popular
- China’s empty city: the emperor really has no clothes
- Meredith Whitney: “I haven't been this bearish in a year”
- Roubini: For unemployment "the worst is yet to come"
- Gross isn’t buying corporates, high yield or equities even with zero rates
- China slams U.S. for inflating global asset prices via carry trade
- Barack Obama: “if we keep on adding to the debt… that could actually lead to a double-dip”
- Hong Kong: “America is doing exactly what Japan did last time”
- If this is recovery…
- I am now moving from multi-year recovery to a double dip baseline
- Steve Keen: Debt and the economy - how do we pay for all of this?
Most Viewed
- Credit Crisis Timeline
- Switzerland threatened with bankruptcy
- Letterman’s Top 10 George Bush moments
- Is the State of California bankrupt?
- The Dummy’s Guide to the US Banking Crisis
- Top ten predictions for the 2009 global economy
- Marc Faber: I advise every American to hold his gold outside of the United States
- Chart of the day: Dow 1928-1932
- The Swedish banking crisis response – a model for the future?
- Quantitative easing: printing money like mad to ward off deflation
- The recession is over but the depression has just begun
- About
- Byron Wien: Ten Surprises for 2009
- Lehman Brothers: a primer on Credit Default Swaps
- The top 25 European banks by assets
- The TED Spread
- Marc Faber: China’s numbers are fake
- Currency crisis is gathering storm
- Chart of the day: Total US Debt
- Citibank has cut all lending in Denmark
Resources
Translate
- Powered by Google Translate.
Polls
- Sorry, there are no polls available at the moment.






