{"id":444116,"date":"2010-03-18T17:52:52","date_gmt":"2010-03-18T21:52:52","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2010\/03\/18\/mortgage-related-arm-resets-and-markets-a-k-barnett-hart-thesis-ahlgren-on-entering-hell-stevens-on-fico-top-5-originators-rescap-agency-buyouts-prices-rise-loss-severities\/"},"modified":"2010-03-18T17:52:52","modified_gmt":"2010-03-18T21:52:52","slug":"mortgage-related-arm-resets-and-markets-a-k-barnett-hart-thesis-ahlgren-on-entering-hell-stevens-on-fico-top-5-originators-rescap-agency-buyouts-prices-rise-loss-severities","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/444116","title":{"rendered":"Mortgage Related: Arm Resets and Markets, A.K. Barnett-Hart Thesis, Ahlgren on Entering Hell, Stevens on FICO, TOP 5 Originators, Rescap, Agency Buyouts, Prices Rise?, Loss Severities"},"content":{"rendered":"

\"bill-coppedge-dec09-1\"<\/a>  \"original<\/a> <\/p>\n

 <\/p>\n

\"jh1\"<\/a> \"hussman\"<\/a> <\/p>\n

another arm reset chart – big mortgage-centric piece – Ordinary Outcomes of Extraordinary Recklessness <\/strong>– John P. Hussman, Ph.D. – …  the 2010 peak doesn’t really get going until July-Sep (with delinquencies likely to peak about 3 months lat<\/strong>er, and foreclosures about 3 months after that). A larger peak will occur the second half of 2011. I remain concerned that we could quickly accumulate hundreds of billions of dollars of loan resets in the coming months, and in that case, would expect to see about 40% of those go delinquent <\/strong>based on the sub-prime curve and the delinquency rate on earlier Alt-A loans.  … – Hussman Funds<\/a> <\/p>\n

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\"wsj-blogs\"<\/a> <\/p>\n

Michael Lewis\u2019s \u2018The Big Short\u2019? Read the Harvard Thesis Instead!<\/strong> – By Peter Lattman – hattip Marty Rosenblatt – Deal Journal has yet to read \u201cThe Big Short,\u201d Michael Lewis\u2019s yarn on the financial crisis that hit stores today. We did, however, read his acknowledgments, where Lewis praises \u201cA.K. Barnett-Hart, a Harvard undergraduate who had just written a thesis about the market for subprime mortgage-backed CDOs<\/strong> that remains more interesting than any single piece of Wall Street research on the subject.\u201d – WSJ Blogs<\/a> <\/p>\n

and
link to A.K. Barnett-Hart’s 115 page thesis on subprime CDO’s<\/strong><\/a>
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\"paco1\"<\/a> \"bottom-violation\"<\/a> <\/p>\n

Mortgage Debt as a Percentage of Consumer Credit. You Have Officially Entered Hell.<\/strong> – Paco Ahlgren – Call me mathematical, but what\u2019s wrong with this picture? More importantly, what propaganda machine continues to succeed in preventing the breathing portion of humanity from recognizing that the government sponsored and encouraged lending in the home mortgage industry for decades, and this is what happened. – The Bottom Violation<\/a> <\/p>\n

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\"denver-post\"<\/a> <\/p>\n

HUD assistant secretary says agency won’t raise FHA borrowing score –<\/strong> By Tom LaRocque – … Stevens, who last month addressed a group of Colorado mortgage brokers, said the agency faces ongoing pressure to raise the minimum FICO score for FHA borrowers from the present 580 to perhaps 620.  "That won’t happen," said Stevens, citing the agency’s intended role as a "counter-cyclical force" in the mortgage market. … – The Denver Post<\/a>  <\/p>\n

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\"cbs-moneywatch\"<\/a> <\/p>\n

top 5 – Who Are The Biggest Mortgage Lenders? –<\/strong> By Ilyce Glink – MortgageDaily.com just released its annual ranking of the biggest mortgage lenders in the U.S for 2009. The results are interesting. – Bnet CBS MoneyWatch<\/a> <\/p>\n

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\"detroit-freep-com\"<\/a>   +  \"hw1\"<\/a> <\/p>\n

GMAC’s mortgage arm will be tough to unload<\/strong> – Jettisoning its ResCap could add to debt, hurt auto lending – BY GREG GARDNER – … Taking ResCap into bankruptcy is an option, but GMAC CEO Michael Carpenter has rejected that for now. \u201cThere really is no way out,\u201d said David Lykken, president of Mortgage Banking Solutions in Austin, Texas, and an adviser to mortgage lenders. \u201cAnother request for TARP (Troubled Asset Relief Program) money won\u2019t play well in Peoria or Detroit. <\/strong>The American taxpayer has bailout fatigue.\u201d … – DETROIT FREE PRESS<\/a> <\/p>\n

and
Break in Case of Bankruptcy: GMAC Splits Mortgage Account<\/strong> – by DIANA GOLOBAY – GMAC Mortgage (GMACM) is going forward with plans to separate its mortgage-collections master account, in hopes that it may resolve some of the issues surrounding the $6bn of residential mortgage-backed (RMBS) securities<\/strong> currently under review for possible downgrade – HousingWire<\/a> <\/p>\n

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\"ad1\"<\/a> \"riskcenter\"<\/a> <\/p>\n

Andrew Davidson Insights – Addressing the Agency Buyouts<\/strong> -  Dan Szakallas and Sanjeeban Chatterjee – RiskCenter.com<\/a> <\/p>\n

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\"fha-loan-pros\"<\/a> <\/p>\n

FHA Commissioner Claims Home Price Increases<\/strong> – by Peter G. Miller – … Stevens had some surprising remarks regarding home values, numbers not seen previously.<\/strong> … – FHA Loan Pros.com<\/a>  <\/p>\n

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\"hw1\"<\/a> <\/p>\n

Housing Recovery is Spelled R-E-O<\/strong> – PAUL JACKSON – …  But in the end, the real key to resolving the problems that yet remain in housing is likely to come back to an old standby: REO property sales.<\/strong>  Yes, really. But to understand why, you\u2019ve got to first really understand the scope of the mortgage default problem we\u2019ve now got. … – HousingWire<\/a> <\/p>\n

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\"businessweek\"<\/a> <\/p>\n

Agency repurchase demands: U.S. Lenders May Lose $65 Billion on Bad Loans, Report Says<\/strong> – By Nikolaj Gammeltoft – Bloomberg BusinessWeek<\/a> <\/p>\n

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\"resrecap\"<\/a> <\/p>\n

Losses on US RMBS Set to Rise as Support Programs Expire<\/strong> – Loss severities on distressed U.S. residential mortgage loans are likely to rise this year as several support programs expire. \u2013 Research Recap<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

    another arm reset chart – big mortgage-centric piece – Ordinary Outcomes of Extraordinary Recklessness – John P. Hussman, Ph.D. – …  the 2010 peak doesn’t really get going until July-Sep (with delinquencies likely to peak about 3 months later, and foreclosures about 3 months after that). A larger peak will occur the second […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-444116","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/444116","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=444116"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/444116\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=444116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=444116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=444116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}