Home Mortgage Guide

Greece Bags $5 Billion From Investors Offering Killer Yield As Investors Bet On ECB Backing – Vincent Fernando – Greece successfully pulled off a five-billion euro bond issue that was massively over-subscribed, indicating the investors …
Read Rest of Economic Consequences: Greece, Banks Scramble, MTM Accounting, Volcker, Debtflation, Chain Reaction, HBO Crisis Drama, 4 Day Schools, Geithner Unpopular, Mother of Carry Trades

 
Often I start the commentary off saying something witty, but I couldn’t think of anything clever so I thought I’d suggest you take a look at this video about, of all things, seat belts. It is making the rounds, and with good reason.
The Federal Reserve has a little more than ten business days …
Read Rest of A Repo primer; An opinion on mortgage rates after 3/31; News from LendAmerica, UB, Provident

The Lake County News Sun reports from Illinois. “The fear of losing one’s home in these difficult times sent hundreds of area homeowners Saturday to a free program designed to help them. The homeowners seeking relief are hardly poverty-stricken. In the parking lot, there were a couple of late model Cadillacs and a shining Hummer. In most cases, they were the victims of the recession, having lost their jobs but burdened by mounting debts. Dan Rouille of Gurnee who lost his $100,000-a-year job in information technology, said he owes $82,000 on a house he bought for $109,000 …
Read Rest of Not The Boom-Time Windfall Once Expected

Very little of the 75 billion dollars the banks received from the stimulus package has been used to help borrowers who are in trouble with their mortgages. The government has decided to try to pressure the banks to approve more loan modifications to provide foreclosure relief to borrowers. It’s about time they did something, but is it possibly too little, too late?
Let’s see, 75 billion dollars is enough to buy 750,000 houses for $100,000 each, so surely at least that many people have been helped with all that money, right? Actually, no. The total number of homeowners who have gotten …
Read Rest of Loan Modification Services Offer Foreclosure Relief

I would wish to have a minute in order to quickly go over a little about myself in addition to my personal dedication towards the industry of rug cleaning. I’m Rich Moore and I am the proprietor of PowerPro Carpet Cleaning Long Branch NJ . I have been cleaning carpets as well as upholstery for more than 2 decades. I have owned or operated 7 carpet cleaning franchises, I’ve sub contracted for department stores, I have sub contracted for a variety of popular carpet cleaning firms. I have been called to help as a Specialist in the field by several …
Read Rest of Carpet Cleaning Long Branch NJ

Post off-topic ideas, links and Craigslist finds here. Please visit the HBB Forum.
Read Rest of Bits Bucket For March 9, 2010

great chart – Who is Paying Taxes? – MINT.com – Mint has consistently good charts.
————

Read Rest of Government Policies and Decisions: Taxes, Easy Money, Fed Disent, The Next Battle, Christina Romer, Tim Geithner, ZIRP Is Dangerous

 good summary article – Even the Dead Cats Aren’t Bouncing – Michael Panzer – Those who are betting on an economic recovery — V-shaped or otherwise — seem to be …
Read Rest of Economy: Dead Cat Bounce, Retirement Delay, Unemployment Chart, Risk Reversal, Private Job Growth

 
To Our Clients, Colleagues and Friends,

Have you (1) noticed that there are earthquakes happening everywhere now, and not just Haiti and Chile , and (2) did you see the movie2012? Even if you’re the most rational person in the world, it’s hard not to wonder if something’s going on here. By the way, the special effects in 2012 are much better done than anything in Avatar.
Go back to 1965. Maybe you were in high …
Read Rest of The Garrett, Watts Report (which people call the Garrett, Watts Newsletter: March 8, 2010)

Date:
March 8, 2010 at 8:45 Eastern

Benchmark

MAR FN30 4.5

FN30 CC

FN30 NR

MAR EDF 2.0 BUNDLE

MAR GN30 4.5

Last Close

101:06

4.33%

5.06%

98.851

101:22

Current Level

  101:02 -4

4.35% +2 bps

5.08% +2 bps

98.836  -1.5 bps

  101:19 -3

Latest Spreads:

Product

Last

Change

FN30 CC Spread

88 bps

-3 bps

MTD -2

FN30 4.5 TOAS  …
Read Rest of Originator Data Pack & Morning Market Color from Compass Analytics