MBS Putbacks, Basel III, Insufficient Loss Provisions: How Many More Problems for Banks?
Submitted by John Lounsbury on Thu, 12/02/2010 - 15:42Jonathan R Laing reports in Barron's that the exposure of U.S
Elizabeth Duke: 4 Million More Foreclosure Actions for 2011 and 2012
Submitted by John Lounsbury on Mon, 11/29/2010 - 16:16On Thursday November 18 Federal Reserve Governor Elizabeth A Duke will predict that there will be four million addition foreclosure filings in 2011 and 2012, equally divided between the two years.
Don't Be Fooled by Fewer Foreclosures: Outlook Worsens
Submitted by John Lounsbury on Wed, 11/24/2010 - 16:15It sounds contradictory, but the headline is correct.
Put-Back Losses on Mortgages Estimated at $31 Billion
Submitted by John Lounsbury on Tue, 11/23/2010 - 10:53Buried 72 pages deep in the latest COP (Congressional Oversight Panel) Report is the following table:
BofA Hit with Class Action Suit on Foreclosure Processes: Other Banks in Danger?
Submitted by John Lounsbury on Wed, 11/03/2010 - 13:47According to an article by Charles Toutant at law.com, Bank of America (BAC) was cited in a New Jersey class action complaint on behalf of mortgagors who have pending foreclosure actions in that st
The Alchemy of Securitization
Submitted by John Lounsbury on Thu, 10/28/2010 - 15:53Ratings agencies have been criticized for inadequately determining risk in the massive collection of debt securities created in the credit bubble.
Purchase Mortgage Applications Rise
Submitted by John Lounsbury on Thu, 10/14/2010 - 14:20Mortgage applications increased last week for both refinancing and for purchase.
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Another Projection: 20% Additional Decline for Housing
Submitted by John Lounsbury on Fri, 07/30/2010 - 13:57Barry Ritholtz provides the following chart, originally from the New York Times, but updated for The Big Picture by Tags:
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Mortgage Fraud
Submitted by John Lounsbury on Wed, 06/16/2010 - 11:11Calculated Risk has a nice collection of items today (Saturday, June 12) on mortgage fraud. CR cit
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Location, Location, Location and Underwater Homes
Submitted by John Lounsbury on Wed, 05/19/2010 - 06:08The latest data from First America CoreLogic for the first quarter of 2010 has been graphed by C
