Berkshire Hathaway

Housing Recovery: Warren Buffett vs. CalculatedRisk

Warren Buffet released his Berkshire Hathaway annual shareholder letter today, which is widely read for signals on the broader economy. Here’s what he said about housing: “A housing recovery will probably begin within a year or so. In any event, it is certain to occur at some point.” A bit open-ended. And CalculatedRisk noted that

More on Rate Locks: Is Your Rate Really Locked When Rates Drop?

The trend in the business seems to be to classify lender’s customers into categories. Brokers and lenders alike are grouped, based on pull through, the quality of production, paying fees in a timely manner, and various other metrics. It appears to be very popular, so I decided to try the new Customer Segmentation Program on

Warren Buffett: U.S. Inflation is Exploding

Berkshire Hathaway CEO and market oracle Warren Buffett Told CNBC today that U.S. inflation is “exploding” … such a statement from a credible source makes a great headline. Will it surpass the Fed decision (see our previous story from today on Fed rate decision and discussion of inflation) in it’s market influence? Hasn’t so far,

Stocks Rally, Rates Higher On Buffett Bailout

Warren Buffett said this morning that his company Berkshire Hathaway has offered to reinsure up to $800b in muni bonds currently backed by troubled firms MBIA, Ambac and FGIC. Stocks are rallying sharply at the cost of a deep bond sell off. Mortgage bonds are down 38 basis points and Treasury bonds are off 75

Buffett: Dumb Money No Longer Available

Warren Buffett said Wednesday that the finance firms who “brewed this toxic Kool-Aid” of risky mortgage and other derivative products “found themselves drinking a lot of it in the end.” No big surprises here as the credit bubble unwinds. Supporting a point we’ve been making, Buffett also said money is cheap but the re-pricing of