Sidetracked by market chaos so here’s my first Originations linkfest in a couple days. Most intriguing to me tonight are the S&P 500 correlations to Treasuries. As for Europe, I put the pieces in order starting with quick reads and ending with Michael Lewis’ full piece as weekend reading. Here you go… -Yes You Should
Today’s links include housing impacts of downgrade wave and where to find safety besides gold and Treasuries. -Fannie/Freddie Downgrade Impact On Housing (Humphries/Zillow) -S&P Downgrade Impact On Housing (TheFiscalTimes) -Equity Slaughter Continues: STATS (Bespoke) -True/False S&P Downgrade Quiz (ReformedBroker) -New Save Havens: Rental Property & Private Loans (SmartMoney)
In signature instigator style, Ron Paul asked Ben Bernanke last week: Is gold money? Until today, I haven’t seen much more than quips on the matter but this Forbes piece by Josh Brown does a great job of answering the question. And yes, it’s full of Brown’s signature quippage, my favorite of which is: So
Reporter Passes Out It is not often that one is able to watch a financial newscaster pass out while on the job. And don’t ask me what relevancy a keyboard-playing cat has with any of it. Fed Continues Reign Over Small Banks Well, let’s not beat around the bush. According to the popular press, the
Consumer Confusion Over Loan Disclosures One loan agent wrote and said, “This week we sat down with a borrower that is doing an FHA loan. The seller is paying all of the closing costs and as usual the borrower is financing the upfront MIP. Essentially the borrower is coming in with their 3.5% down payment.
Earlier this week, the country’s first marijuana cafe opened up, which not only sells medical marijuana, but also has a restaurant where customers can eat. In a related story, the recession is over! Rates Touching Record Lows Whoever wants a 4.50% 30-yr fixed rate conforming loan with a point back to cover closing costs, raise
Such good reporter and politician parodies, this almost isn’t funny. But it is.