Archive for December 3rd, 2008

More CRE Problems

It’s under the radar and shouldn’t be but the problems in commercial real estate are starting to burgeon. The latest news today is that JP Morgan seized tens of millions of dollars from a commercial mortgage debt fund, Guggenheim Partners LLC, and has started auctioning off the assets. The pressure on the CRE sector is [...]

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Off Broadway Bailout Plays

Want to know what to expect on January 22nd. Well here’s a preview. The line at the TARP window is starting to get longer. A variety of companies are coming out with grievances about the lack of bank lending and therefore the need for the government to either lend directly to them or guarantee theirĀ bank [...]

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Treasury To Market-We’ll Set The Rates From Now On

Look out, this one could cost a lot of money! The Treasury announced late today that it was considering a plan that would push the rate on a 30 year fixed rate loan down to 4.5%. They plan to do this by committing to purchase mortgage securities from lenders at a price equal to the [...]

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Doesn’t Sheila Bair Have Anything Else To Do?

As some of you may know, I am no fan of Sheila Bair, the Chairwoman of the FDIC. So it was more than justĀ  satisfying to see the Wall Street Journal take her and her crusade for mortgage modifications head on this morning. I won’t waste your time going over past Bair proposals. If you [...]

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Thoughts On Foreclosure Moratoriums

I won’t beat you over the head with more ranting about foreclosure moratoriums and loan modifications. If you are interested in some recent bit of industry insider opinions about the efficacy of moratoriums, Housing Wire has a good short article on the subject. Also in case you missed it here earlier in November check out [...]

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