{"id":79601,"date":"2009-12-13T11:48:38","date_gmt":"2009-12-13T16:48:38","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2009\/12\/13\/mortgage-related-strategic-default-abx-prime-cds-explained-wells-principal-reductions-fitch-on-rmbs\/"},"modified":"2009-12-13T11:48:38","modified_gmt":"2009-12-13T16:48:38","slug":"mortgage-related-strategic-default-abx-prime-cds-explained-wells-principal-reductions-fitch-on-rmbs","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/79601","title":{"rendered":"Mortgage Related: Strategic Default, ABX Prime CDS Explained, Wells Principal Reductions, Fitch on RMBS"},"content":{"rendered":"

\"Bill-Coppedge\"<\/a> \"original<\/a> <\/p>\n

 <\/p>\n

\"wsj\"<\/a>   +     \"mortgage-orb\"<\/a>  +   \"but-then-what\"<\/a> <\/p>\n

about strategic default – American Dream 2: Default, Then Rent<\/strong> – By MARK WHITEHOUSE – summary …  step 1 suck equity out of your house and take a cruise vacation … step 2  strategic default, rent, and use the extra money you would have paid for your mortgage to take a cruise vacation = double dip – hattip V – read the article at Wall Street Journal<\/a><\/p>\n

and
Cheryl Lang On Strategic Defaulters, Borrower Incentives<\/strong> – BY JOHN CLAPP – This week, MortgageOrb caught up with Cheryl Lang, president of Integrated Mortgage Solutions, to get her thoughts on HAMP, strategic defaulters and borrower motivati<\/strong>on. – MortgageOrb<\/a><\/p>\n

and<\/p>\n

Great Response to WSJ article: Spitting Into The Housing –<\/strong> Tom Lindmark – … Get a clue! The reason they aren\u2019t sending back their docs is that they\u2019ve moved around the corner and found a better house to rent.<\/strong> The people you want to save don\u2019t want your ministrations, they knew how to game the system to buy into the housing market and now that it hasn\u2019t worked out, they are smart enough to game you and the futile efforts being made to keep them in a property they want no part of. …<\/strong> – But Then What<\/a><\/p>\n

————<\/p>\n

\"abx\"<\/a> \"zero-hedge\"<\/a> <\/p>\n

Will The New ABX Prime Index Be The Reason For The Next RMBS (And Thus, FHA\/GSE) Collapse?<\/strong> – Submitted by Tyler Durden – … And MarkIt is more than happy to provide them with the tool to do it. So what will this new index do – well, in addition to making trillionaires out of Paolo Pellegrini and Kyle Bass (in the same way ABX Subprime made them billionaires), the new index may just be the tipping point that finally collapses the trillions in sham GSE holdings at mark-to-myth. … – Zero Hedge<\/a>  – good primer<\/strong> <\/p>\n

————<\/p>\n

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

Wells Fargo Cuts as Much as 30 Percent in Principal From Loans<\/strong> – By Dakin Campbell – … Wells Fargo has forgiven an average of $46,000 in principal, or 15 percent<\/strong>, for the 43,500 option-ARM loans it has modified this year through September, said Franklin Codel, chief financial officer at the bank\u2019s home-lending unit. … – Bloomberg<\/a>
————<\/p>\n

\"fitch-ratings\"<\/a> \"resrecap\"<\/a> <\/p>\n

worth reading – Fitch predicts another tough year for most US structured finance sectors<\/strong> – Though the U.S. economy is on a slow path to recovery, collateral performance will continue to be weak for all U.S. structured finance sectors next year,  Fitch Ratings says  in its 2010 outlook report. – has their assumptions for ABS, CMBS, RMBS, CDO’s – Research Recap<\/a><\/p>\n

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

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

     +       +   about strategic default – American Dream 2: Default, Then Rent – By MARK WHITEHOUSE – summary …  step 1 suck equity out of your house and take a cruise vacation … step 2  strategic default, rent, and use the extra money you would have paid for your mortgage to take […]<\/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-79601","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/79601","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=79601"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/79601\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=79601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=79601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=79601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}