Calculator to save you money on gasoline: How to Save Money on Gas, Without Driving Less - We’re stealing part of our post title from Jim Hamilton, as he unofficially commissioned this tool in the comments section of his blog post! … Meanwhile, as Jim notes, your car will burn more fuel at slower speeds compared to higher speeds, as automakers have optimized your car’s engine to operate most efficiently at higher speeds. Somewhere in between lies a sweet spot into which you can get the most distance driving out for your fuel consumption dollar. - thanks Susan Kulakowski - PoliticalCalculations
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LaSalle Is BofA’s Other Vexing Deal - Countrywide Aside, This Pact Boosted Problem-Loan Load - LINGLING WEI and VALERIE BAUERLEIN - WSJ
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MANHATTAN HIGH ROLLERS’ HIGH-RI$E HEAVEN - BRADEN KEIL - … Prices for condos and co-ops have shot up as much as 36 percent in the past year to ...
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A google search for “subprime” carried out 10 years ago would have yielded 14,500 results. Today that same search offers up 14.5 million results. A search for “credit default swaps” in October 1998 yielded 33,900 results, compared with over 1 million today, while results for “hedge funds” ballooned from 162,000 to over 8.5 million. By contrast, a search for “conventional mortgage” has risen only from 111,000 to 579,000.
Even allowing for extraneo... more
posted by Richard Bitner
Is FICO still relevant to the mortgage industry?
I can see it now. No matter how this question gets answered, it’s certain to illicit some response, which in fact, is the reason for the article.
As an industry that migrated with some reservation but eventually went “all in” with the belief that FICO was a true indicator of performance, it’s a question that deserves discussion, particularly given the issues we’re facing.
Let me start by saying that I don’t bel... more
To Our Clients, Colleagues and Friends:
· On this day in history, March 5, 1770, British soldiers fired on a mob of Boston colonists and killed six of them. The Boston Massacre became a rallying cry and lead, eventually, to our War of Independence. And this was 138 years ago today.
Washington Mutual just issued an 8-K stating that in 2008, cash bonuses will be determined by, among other items, operating profits excluding loan losses and REO expense. We hope we mis-read this, but if not... more
This market is tougher than a $3 steak! When the heck are mortgage prices going to improve? Why is the 10-yr Treasury down into the 3.5% range, yet conforming/conventional 30-yr loans, eligible for FNMA & FHLMC, back up into the 6% range? The widening that is occurring out to these levels, which statistically speaking happens once every 4,000 years, is a combination of several factors. First, investors and money managers feel safer putting their money into Treasury securities rather than... more
HUGE CHART - In Parts of U.S., Foreclosures Top Sales - Floyd Norris - NYT
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1. Cuomo settles appraisal case with Fannie Mae, Freddie Mac - … He said mortgage lenders that own appraisal companies - such as Wells Fargo & Co. and Countrywide Financial Corp. - may have to spin off those divisions … Times Herald-Record
2. New standards for home appraisers - Wells Fargo and Countrywide Financial, two of the nation’s largest mortgag... more
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