Monthly Archives: March 2009

Saving Lenders

I enjoy Jack Guttentag’s columns on mortgages in the Washington Post. Last week he explained why increasing capital requirements for lenders won’t reduce the risk and severity of financial crises. There are just so many ways lenders can get around … Continue reading

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US Mortgage Applications Up

Reuters reports: U.S. mortgage applications surged last week, driven by a spike in demand for refinancing as the average 30-year fixed-rate home loan rate fell, the Mortgage Bankers Association said on Wednesday. Refinancing applications jumped 30 percent in the week … Continue reading

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How Will The Obama Administration Affect Refinance?

I’m reading a lot of people who predict massive inflation. Irwin M. Steltzer writes for the Weekly Standard that things should get better short-term, but long-term the latest Fed move means inflation. The Fed has decided to pump trillions into … Continue reading

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Dennis Prager: A Low Regulation Philosophy Did Not Cause Our Subprime Debacle

Dennis says on his radio show today: “Prager H1: You think our banks are in bad shape? They look rock solid next to the banks of Europe, especially Eastern Europe… Climate change skeptics meet in New York… If Islam is … Continue reading

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‘The Foreclosure of America: The Inside Story of the Rise and Fall of Countrywide Home Loans, the Mortgage Crisis, and the Default of the American Dream’

I heard this author — Adam Michaelson — on the Dennis Prager show a few weeks ago. His book gives the human angle on Countrywide and the mortgage meltdown. Adam writes that he wants to dispel myths; that Countrywide and … Continue reading

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‘Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis’

This is an excellent new book on the mortgage and credit meltdown. The authors get inside the lives of the leading characters in the mortgage meltdown and explain what makes them tick and what makes their business work (or fail). … Continue reading

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