Archive for July 12th, 2009

Option ARMS Now Performing Worse Than Subprime

Here’s a sign of changing times — not necessarily for the better. The WSJ reports that Option ARMs are now performing worse than subprime. From the WSJ article: For the third straight month, option adjustable-rate mortgages are generating proportionally more delinquencies and foreclosures than subprime mortgages, the scourge of the U.S. Option ARMs were typically [...]

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A Lighter Look

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Political Quotes Of The Week

Not a great week for polical quotes but as usual there’s always something weird coming out of the salons’ mouths. Go to Politico.com for the complete list but here are two that caught my interest: “You know, all three of us spend a lot of time covering politicians and I don’t know about you guys, [...]

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Further Thoughts On HVCC

If you follow this blog, you know that I’ve posted a lot about the new appraisal guidelines and that there is quite a bit of controversy surrounding them. I’ll leave links at the bottom to my prior posts but right now, I want to offer some quick thoughts based on some reaction I’ve had to [...]

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