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Thread: Mortgage Disaster part 2

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    Default Mortgage Disaster part 2

    I knew when they didnt change any regulations governing subprime mortgages that they would be back in short order.

    So if you are in the market for a house, you better buy that awesome deal now, before banks buy them all up. Which in turn will drive up the prices on houses and then selling them to subprime borrowers to the tune of huge profits.

    http://money.cnn.com/2012/10/12/news...oom/index.html
    NEW YORK (CNNMoney) -- The long-battered housing market is finally starting to get back on its feet. But some experts believe it could soon become another housing boom.

    http://finance.fortune.cnn.com/2012/...-foreclosures/
    In the past six months or so, a number of investment firms, hedge funds, private equity partnerships and real estate investors have turned into voracious buyers of single-family homes. And not just any homes, but foreclosures. Investment banks, who also want in on the action, are lining up financing options to keep the purchases going.

    http://money.cnn.com/2012/09/26/inve...clo/index.html
    NEW YORK (CNNMoney) -- Some of the riskiest loans of the pre-financial crisis are back. But this time around, investors are being much more discriminating.
    In the acronym-heavy parlance of the debt market, a CLO is also a type of CDO, but considered the least risky of the bunch.

    http://finance.fortune.cnn.com/2012/...back-pennymac/
    Last month, PennyMac (PMT), a finance company run almost entirely by alumni of Countrywide Financial, opened its first retail branch.
    "There's free money on the table and you don't have to work that hard to get it, especially if you are the former executives of Countrywide," says Michael Widner, an analyst who covers PennyMac at brokerage firm Stifel Nicolaus. "You've done this before."
    Nature knows no indecencies; man invents them. ~ Mark Twain


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