Blowing the Lid Off the Mortgage Industry
From the category archives:
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Domain names are an integral part of business in the 21st Century. Some are perpetually popular. Most rise and fall in popularity, influenced by a variety of factors. One domain name that is currently enjoying an upsurge in popularity [...]
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“Crunch, The Game For Utter Bankers” is a card game for anyone with a distinctly gallows sense of humor:
[It] allows you to experience the upside of down. Placed in the role of a global banking CEO, you have to juggle the conflicting demands of your ailing bank and your flourishing bank account. … Each player [...]
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How deaf is Ben Bernanke? With the US savings rate hitting a 14-year-high, the Fed unveils a $200B plan “aimed at boosting the availability of credit to consumers and small businesses.” While I hope this will be of use to businesses in need of it, consumers have already made it clear they’re not interested.
As Morgan [...]
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At dire times like these, we can all use a laugh or two. So our thanks to the author of the report, ?Housing Markets Will Roar Back in 2009.? At least I?m supposing that it?s brilliant satire because the only other explanation is out and out lunacy. Always hard to tell because as Spinal Tap?s [...]
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Three cheers for two economists for telling it like it will be.
Harvard’s Kenneth Rogoff and Carmen Reinhart of the University of Maryland have published a paper outlining how long the “recession” will be and what it will entail. Their projections are based on what happened to 22 economies that went through financial crises since [...]
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Just got this from one of my friends online. Wachovia is now promoting itself via Twitter and letting everyone know about it. This image is from their contact page. I just started following them yet and haven’t gotten anything worth talking about; but I did want to mention that although Wachovia may be in a [...]
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Zillow launched its mortgage product tonight and from my review of the platform seem to have taken a major step in the right direction when it comes to leveraging the internet to provide consumers with quality mortgage options without the treachery that is online lead generation. I had a sneak peak at the platform [...]
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Dirty, Dirty A.Es.
Part of the problem that puts us where we are today is the way mortgages are sold. The process creates a ton of perverse incentives that cause an overall degrading of credit risk across the spectrum. Wholesalers bop into mortgage companies and talk about program highlights. They employ [...]
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GMAC, one of the biggest losers in the subprime mortgage game is attempting to scare up business – literally. Calculated Risk and Matt over at the OC Register point us to an article by Fortune Magazine senior writer Jon Birger who received a very ominous-worded piece of mail from GMAC about his mortgage:
Just consider the [...]
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If you’ve been following me from day one you have a decent idea that my background prior to mortgages is marketing. As a major marketing geek I read and read and read Seth Godin’s works all the time. Read is the wrong word – I devour them. Anyone serious about marketing and business success in [...]
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