Best article yet on the Mortgage Industry Collapse

[GoUSC]

A really excellent article that describes exactly what happens. Best article yet in my opinion.

http://news.bbc.co.uk/2/hi/business/7073131.stm

[kewp]

I like Mish’s annotated version:

http://globaleconomicanalysis.blogspot.com/2008/01/beautiful-model-for-fraud.html

[Anonymous]

A bunch of crooks involved in the transaction up and down the chain that should be in orange jumpsuits. But I don’t subscribe to the notion that the home buyer is a child that is to be held blameless in the transaction.

[HereWeGo]

Eh, I prefer Tanta’s “Compleat Ubernerd” writings over at CR.

Securitization has been with us for a very long time, and it’s a pretty good idea as long as underwriting standards are upheld. Of course, if the underwriting standard becomes “Able to fog a mirror, generally”, that’s a different story.

I’d like to know how what percentage of MBS that were eligible for GSE purchase were actually sold to the GSE. If almost all such loans were sold to the GSEs, what’s that tell you about the loans remaining in the banks’ portfolios and, worse yet, the loans they sold into the private MBS market?

[GoUSC]

I follow Mish and Tanta/CR pretty extensively. Lenders and borrowers are all responsible to this mess. Still I thought the article was concise and to the point. Plus the people around me I am trying to get to understand what is going on are much more likely to believe an article from this source than a Blog.

[GoUSC]

I follow Mish and Tanta/CR pretty extensively. Lenders and borrowers are all responsible to this mess. Still I thought the article was concise and to the point. Plus the people around me I am trying to get to understand what is going on are much more likely to believe an article from this source than a Blog.

[GoUSC]

I follow Mish and Tanta/CR pretty extensively. Lenders and borrowers are all responsible to this mess. Still I thought the article was concise and to the point. Plus the people around me I am trying to get to understand what is going on are much more likely to believe an article from this source than a Blog.

[GoUSC]

I follow Mish and Tanta/CR pretty extensively. Lenders and borrowers are all responsible to this mess. Still I thought the article was concise and to the point. Plus the people around me I am trying to get to understand what is going on are much more likely to believe an article from this source than a Blog.

[GoUSC]

I follow Mish and Tanta/CR pretty extensively. Lenders and borrowers are all responsible to this mess. Still I thought the article was concise and to the point. Plus the people around me I am trying to get to understand what is going on are much more likely to believe an article from this source than a Blog.

[HereWeGo]

Eh, I prefer Tanta’s “Compleat Ubernerd” writings over at CR.

Securitization has been with us for a very long time, and it’s a pretty good idea as long as underwriting standards are upheld. Of course, if the underwriting standard becomes “Able to fog a mirror, generally”, that’s a different story.

I’d like to know how what percentage of MBS that were eligible for GSE purchase were actually sold to the GSE. If almost all such loans were sold to the GSEs, what’s that tell you about the loans remaining in the banks’ portfolios and, worse yet, the loans they sold into the private MBS market?

[HereWeGo]

Eh, I prefer Tanta’s “Compleat Ubernerd” writings over at CR.

Securitization has been with us for a very long time, and it’s a pretty good idea as long as underwriting standards are upheld. Of course, if the underwriting standard becomes “Able to fog a mirror, generally”, that’s a different story.

I’d like to know how what percentage of MBS that were eligible for GSE purchase were actually sold to the GSE. If almost all such loans were sold to the GSEs, what’s that tell you about the loans remaining in the banks’ portfolios and, worse yet, the loans they sold into the private MBS market?

[HereWeGo]

Eh, I prefer Tanta’s “Compleat Ubernerd” writings over at CR.

Securitization has been with us for a very long time, and it’s a pretty good idea as long as underwriting standards are upheld. Of course, if the underwriting standard becomes “Able to fog a mirror, generally”, that’s a different story.

I’d like to know how what percentage of MBS that were eligible for GSE purchase were actually sold to the GSE. If almost all such loans were sold to the GSEs, what’s that tell you about the loans remaining in the banks’ portfolios and, worse yet, the loans they sold into the private MBS market?

[HereWeGo]

Eh, I prefer Tanta’s “Compleat Ubernerd” writings over at CR.

Securitization has been with us for a very long time, and it’s a pretty good idea as long as underwriting standards are upheld. Of course, if the underwriting standard becomes “Able to fog a mirror, generally”, that’s a different story.

I’d like to know how what percentage of MBS that were eligible for GSE purchase were actually sold to the GSE. If almost all such loans were sold to the GSEs, what’s that tell you about the loans remaining in the banks’ portfolios and, worse yet, the loans they sold into the private MBS market?

[Anonymous]

A bunch of crooks involved in the transaction up and down the chain that should be in orange jumpsuits. But I don’t subscribe to the notion that the home buyer is a child that is to be held blameless in the transaction.

[Anonymous]

A bunch of crooks involved in the transaction up and down the chain that should be in orange jumpsuits. But I don’t subscribe to the notion that the home buyer is a child that is to be held blameless in the transaction.

[Anonymous]

A bunch of crooks involved in the transaction up and down the chain that should be in orange jumpsuits. But I don’t subscribe to the notion that the home buyer is a child that is to be held blameless in the transaction.

[Anonymous]

A bunch of crooks involved in the transaction up and down the chain that should be in orange jumpsuits. But I don’t subscribe to the notion that the home buyer is a child that is to be held blameless in the transaction.

[kewp]

I like Mish’s annotated version:

http://globaleconomicanalysis.blogspot.com/2008/01/beautiful-model-for-fraud.html

[kewp]

I like Mish’s annotated version:

http://globaleconomicanalysis.blogspot.com/2008/01/beautiful-model-for-fraud.html

[kewp]

I like Mish’s annotated version:

http://globaleconomicanalysis.blogspot.com/2008/01/beautiful-model-for-fraud.html

[kewp]

I like Mish’s annotated version:

http://globaleconomicanalysis.blogspot.com/2008/01/beautiful-model-for-fraud.html

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