{"id":258549,"date":"2010-02-01T08:03:44","date_gmt":"2010-02-01T13:03:44","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2010\/02\/01\/garrett-watts-report-for-feb-1-2010\/"},"modified":"2010-02-01T08:03:44","modified_gmt":"2010-02-01T13:03:44","slug":"garrett-watts-report-for-feb-1-2010","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/258549","title":{"rendered":"Garrett, Watts Report for Feb. 1, 2010"},"content":{"rendered":"<p>\u00a0<\/p>\n<p><a href=\"http:\/\/garrettwatts.com\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-bottom: 0px; border-left: 0px; display: inline; border-top: 0px; border-right: 0px\" title=\"garrett-watts1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2010\/02\/garrettwatts1.png\" border=\"0\" alt=\"garrett-watts1\" width=\"302\" height=\"66\" \/><\/a><\/p>\n<p>\u00a0<\/p>\n<p>To Our Clients, Colleagues and Friends,<\/p>\n<ul>\n<li>Last week we listed all those people you <em>wouldn\u2019t<\/em> want to see naked, and we accidentally listed Allan Greenspan as Allan Greenberg. Regardless, the response was overwhelming.\u00a0 Nancy Pelosi and Barney Frank were big winners (or losers), Nixon got lots of thumbs down, and surprisingly, no one objected to the idea of seeing Joe Biden getting out of the shower. Seven people wrote in Barbara Bush, three wrote in Dick Cheney, and Hillary Clinton got two write-ins. Many wrote us that it made them nauseous just thinking about this topic.<\/li>\n<li>Out of sheer boredom, we took eight of the larger banks and divided their current stock price by their 52-week low.\u00a0 The idea was to see what multiple they had recovered by.\u00a0 As an example, the Bank of America is currently trading at $15.41, so we divided that by its 52-week low of $2.53 and see that it\u2019s up 6.09 times since bottoming out.<\/li>\n<\/ul>\n<table class=\"MsoTableGrid\" style=\"border-bottom-style: none; border-right-style: none; background-color: #ffff99; border-collapse: collapse; border-top-style: none; margin-left: 77.4pt; border-left-style: none; -webkit-background-clip: initial; -webkit-background-origin: initial\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\" bgcolor=\"#ffff99\">\n<tbody>\n<tr>\n<td style=\"padding-bottom: 0in; padding-left: 5.4pt; width: 135pt; padding-right: 5.4pt; padding-top: 0in; border: windowtext 1pt solid;\" width=\"180\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">12.15\u00a0 Fifth Third<\/span><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 135pt; padding-right: 5.4pt; border-left-style: none; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"180\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">3.35\u00a0 Citigroup<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 135pt; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"180\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">6.09\u00a0 Bank of America<\/span><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 135pt; padding-right: 5.4pt; border-top-style: none; border-left-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"180\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">3.09\u00a0 U.S. Bank<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 135pt; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"180\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">4.13\u00a0 Suntrust<\/span><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 135pt; padding-right: 5.4pt; border-top-style: none; border-left-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"180\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">3.00\u00a0 Comerica<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 135pt; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"180\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">3.65\u00a0 Wells Fargo<\/span><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 135pt; padding-right: 5.4pt; border-top-style: none; border-left-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"180\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">2.64\u00a0 JP Morgan Chase<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"Apple-style-span\" style=\"widows: 2; text-transform: none; text-indent: 0px; border-collapse: separate; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px\"><span class=\"Apple-style-span\" style=\"font-family: 'times new roman', 'new york', times, serif; font-size: 16px\">How\u2019d you liked to have put $10,000 into Fifth Third stock when it bottomed out at $1.01? Today, with the stock at $12.28, that $10,000 would be worth $121,000.\u00a0<\/p>\n<ul>\n<li>If you\u2019re a bit worried about Flagstar, find something else to worry about. They just raised $300 million of new capital and plan to double that. And their supervisory agreement with the OTS was one of the mildest ones we\u2019ve seen.<\/li>\n<\/ul>\n<ul>\n<li>Some of you may remember Harmon Killebrew as a charter member the All Ugly Team, but we remember him for his power.\u00a0 He hit 573 career home runs, was fifth on the all-time list when retired, hit 40 or more home runs eight different times, and batted in over 100 runs nine times. He led the league in homers six times, was an 11-time All Star, and get this, he didn\u2019t get into the Baseball Hall of Fame until his fourth year of eligibility.\u00a0 Can anyone explain that??<\/li>\n<li>If you want to know almost everything there is to know about a given bank, their FDIC Call Report is the place to look.\u00a0 Banks have 45 days from the end of each quarter to file them.\u00a0 Check out <a href=\"http:\/\/www2.fdic.gov\/idasp\/main_bankfind.asp\">http:\/\/www2.fdic.gov\/idasp\/main_bankfind.asp<\/a>\u00a0 The website is a bit clunky at first, and the financials are not necessarily in a format you\u2019re used to, but it\u2019s worth it.<\/li>\n<\/ul>\n<ul>\n<li>There have always been people worried that FNMA and Freddie Mac would one day replace the middleman lender and deal directly with the borrower. While we never thought this was a real possibility, the paranoid among you will get freaked out to learn that these two entities are now going direct to borrowers to modify loans, by-passing servicers.\u00a0 They\u2019ll initially work through non-profits but also plan to open their own offices to deal with borrowers.<\/li>\n<li>People always talk about this or that movie being the all time biggest hit.\u00a0 Here are the movies with the biggest domestic gross sales <em>adjusted for inflation<\/em>:<\/li>\n<\/ul>\n<table class=\"MsoTableGrid\" style=\"border-bottom-style: none; border-right-style: none; background-color: #ffff99; border-collapse: collapse; border-top-style: none; margin-left: 1.45in; border-left-style: none; -webkit-background-clip: initial; -webkit-background-origin: initial\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\" bgcolor=\"#ffff99\">\n<tbody>\n<tr>\n<td style=\"padding-bottom: 0in; padding-left: 5.4pt; width: 3in; padding-right: 5.4pt; padding-top: 0in; border: windowtext 1pt solid;\" width=\"288\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">1,\u00a0\u00a0\u00a0 $1.485 bill.\u00a0\u00a0\u00a0\u00a0 Gone with the Wind<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 3in; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"288\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">2.\u00a0\u00a0\u00a0 $1.309 bill.\u00a0\u00a0\u00a0\u00a0 Star Wars<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 3in; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"288\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">3.\u00a0\u00a0\u00a0 $1.046 bill.\u00a0\u00a0\u00a0\u00a0 The Sound of Music<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 3in; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"288\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">4.\u00a0\u00a0\u00a0 $1.042 bill.\u00a0\u00a0\u00a0\u00a0 ET<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 3in; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"288\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">5.\u00a0\u00a0\u00a0 $\u00a0 962 mill.\u00a0\u00a0\u00a0\u00a0 The Ten Commandments<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 3in; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"288\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">6.\u00a0\u00a0\u00a0 $\u00a0 943 mill.\u00a0\u00a0\u00a0\u00a0 Titanic<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 3in; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"288\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">7.\u00a0\u00a0\u00a0 $\u00a0 960 mill.\u00a0\u00a0\u00a0\u00a0\u00a0 Jaws<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 3in; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"288\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">8.\u00a0\u00a0\u00a0 $\u00a0 900 mill.\u00a0\u00a0\u00a0\u00a0\u00a0 Dr. Zhivago<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 3in; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"288\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">9.\u00a0\u00a0\u00a0 $\u00a0 810 mill.\u00a0\u00a0\u00a0\u00a0\u00a0 Snow White<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 3in; padding-right: 5.4pt; border-top-style: none; border-right: windowtext 1pt solid; padding-top: 0in;\" width=\"288\" valign=\"top\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; font-family: 'Times New Roman'; font-size: 12pt\"><span style=\"font-family: Comic Sans MS; font-size: x-small;\"><span style=\"font-family: 'Comic Sans MS'; font-size: 10pt\">10.\u00a0 $\u00a0 750 mill.\u00a0\u00a0\u00a0\u00a0\u00a0 101 Dalmatians<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"Apple-style-span\" style=\"widows: 2; text-transform: none; text-indent: 0px; border-collapse: separate; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px\"><span class=\"Apple-style-span\" style=\"font-family: 'times new roman', 'new york', times, serif; font-size: 16px\">Avatar is #26 on this list, but it\u2019s brought in $560 million and is still drawing big crowds. <em>Snow White &amp; the Seven Dwarfs<\/em> (1937) and <em>101<\/em><em>Dalmatians<\/em> (1961) still generate millions every year for Disney, and it\u2019s interesting that not one blockbuster came out of the 40\u2019s. <em>The Ten Commandments<\/em> (1956) is still watchable, and except for <em>The Sound of Music<\/em> (1965), they <em>all<\/em> are.<\/p>\n<ul>\n<li>We predict at least 10-20 of you will write us that we\u2019re totally wrong about <em>Sound of Music. <\/em>They will<em> <\/em>claim that it is actually the best movie ever made.<\/li>\n<li>And speaking of adjusting for inflation, let\u2019s talk about Roger Maris.\u00a0 In 1960 he was the American League MVP, hitting 39 home runs with 112 RBI\u2019s and having a .283 average. In 1961 he signed a one-year contract for $36,000.\u00a0 Even adjusting for inflation, that\u2019s still peanuts, especially for the MVP.<\/li>\n<li>If you\u2019re a parent waiting for those college acceptance letters to arrive, go rent <em>Orange<\/em><em> County<\/em> . This just might be one of the ten funniest movies ever made. The basic story has to do with a high school senior trying to get into Stanford.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/li>\n<\/ul>\n<ul>\n<li>We\u2019re 100% in favor of a flat tax where there are no deductions, everyone pays the same rate, and tax returns are one page long. Still, we really object to people saying we\u2019re over-taxed.\u00a0 When Pres.\u00a0 Kennedy came into office, the top marginal rate was 91%.\u00a0 His tax cuts took the top rate down to 70%, and they stayed there till Reagan brought them down to the 30-35% range.\u00a0 So when people complain that we\u2019re over-taxed, they just don\u2019t know their history.\u00a0<\/li>\n<li>The person at FNMA in charge of re-purchases is one Maria Brewster. If you sold fraudulent loans to FNMA, she\u2019s\u00a0 probably your worst nightmare.\u00a0\u00a0<\/li>\n<li>There is a body of thought that the radiation associated with long-term cell-phone use can cause brain cancer, but a recent study showed that it appears to protect against and reverse Alzheimer\u2019s-like symptoms in rats.\u00a0 Go figure.<\/li>\n<li>A friend suggested we watch <em>Jersey<\/em><em> Shore<\/em> , and we have one simple question:\u00a0 Who exactly <em>are<\/em> these people, and what planet did they come from?<\/li>\n<li>Having taught Finance there many years ago, Saint Mary\u2019s College of California is a favorite of ours, and their <em>Galloping Gael\u2019s<\/em> basketball team is one we always root for.\u00a0 They routinely win 23-24 games a year but rarely get invited to the NCAA playoffs because they usually come in 2<sup>nd<\/sup> behind Gonzaga.\u00a0 So far, Saint Mary\u2019s is 19-3 to Gonzaga\u2019s 17-4.\u00a0 By the way, this tiny Bay Area school was once a national football power, routinely going to the Rose Bowl and other major bowls in the 20\u2019s and 30\u2019s. <em><br \/>\n<\/em><\/li>\n<li>Saint Mary\u2019s is run by the Christian Brothers Order, and while they may not have the quite the same scholarly reputation as the Jesuits, they were sure a lot of fun.\u00a0 They owned a huge winery, and as a result, there was a ton of wine at the faculty lunches, and the Brothers didn\u2019t mind drinking their share. At Christmas, college President Brother Mel gave each faculty member a case of really great wine plus a case of Christian Brothers Brandy as well.\u00a0 How cool was that?<\/li>\n<li>We have an idea for an interesting public opinion poll.\u00a0 Take all the people who ran for national office in 2008 and ask people who\u2019d they vote for if the election were held today.\u00a0 You\u2019d include Obama and McCain, plus Hillary, Biden, Palin, Kucinich et al.\u00a0 Would John Edwards get even 1%.\u00a0 His campaign was about ending poverty, about the Two Americas and it turns out he was living Two Lives.\u00a0 <em>Sic Transit Gloria.<\/em><\/li>\n<li><a href=\"http:\/\/www.scribd.com\/doc\/26195913\/Ang\">Attached is a letter we sent to the head of the Financial Crisis Inquiry Commission<\/a>.<\/li>\n<li>Key questions to ask yourself: (1) Did we prepare a 2010 budget, (2) Have we analyzed our secondary marketing leakage, (3) Did we earn at least 65 bps pre-tax on our production last year and (4) Do we already have a written plan to deal with increased rates and a 50% drop in loan volume?<br \/>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 *\u00a0\u00a0\u00a0\u00a0 *<\/li>\n<\/ul>\n<p>We hope this is as fun for you as it for us, getting together 2-3 times a week, talking banking and baseball, mortgages and movies, and other random thoughts.\u00a0 Let\u2019s keep meeting like this!<br \/>\n<a href=\"http:\/\/garrettwatts.com\/\">Garrett, Watts &amp; Co.<\/a><\/p>\n<p><em>\u201cHelping <\/em><em>lenders increase revenues, control costs, and better manage risk.\u201d<\/em><strong><em><\/em><\/strong><\/p>\n<ul>\n<li>Joe Garrett\u00a0\u00a0\u00a0\u00a0\u00a0 (510-469-8633)<\/li>\n<li>Corky Watts\u00a0\u00a0\u00a0\u00a0 (408-395-5504)<\/li>\n<li>Mike McAuley\u00a0\u00a0 (281-250-253<\/li>\n<\/ul>\n<p><\/span><\/span><\/p>\n<p><\/span><\/span><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=bgNSAbVQqlk:hiFB9hM7pOM:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=bgNSAbVQqlk:hiFB9hM7pOM:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=bgNSAbVQqlk:hiFB9hM7pOM:D7DqB2pKExk\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=bgNSAbVQqlk:hiFB9hM7pOM:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=bgNSAbVQqlk:hiFB9hM7pOM:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=bgNSAbVQqlk:hiFB9hM7pOM:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=bgNSAbVQqlk:hiFB9hM7pOM:V_sGLiPBpWU\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/mortgagenewsclips\/qTBe\/~4\/bgNSAbVQqlk\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 \u00a0 To Our Clients, Colleagues and Friends, Last week we listed all those people you wouldn\u2019t want to see naked, and we accidentally listed Allan Greenspan as Allan Greenberg. Regardless, the response was overwhelming.\u00a0 Nancy Pelosi and Barney Frank were big winners (or losers), Nixon got lots of thumbs down, and surprisingly, no one [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-258549","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/258549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=258549"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/258549\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=258549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=258549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=258549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}