Hat tip to Matrix. I could pick at some of the small problems with this podcast, but overall, it’s a very well done explanation of the sub prime debacle from a global perspective.
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Greetings from Aruba this time. Last week was rather tame, wasn’t it?  Yeah, right.  Well, actually it started out rather tame, but the end of the week had bonds moving higher, looking good, then they came crashing down hard.
There wasn’t much data last week, and as such, traders look for anything to grab onto, […]

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Did you enjoy the wild ride we had last week? Volatility reentered the market as data and news went both ways providing moves both up and down. Mortgage backed securities ended the week up 63 basis points, providing a slight tick down in rates.
Those big events I mentioned last week played a huge […]

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In yesterdays NY Times magazine there was a terrific article on how the rating agencies participated in the current housing bubble and liquidity crisis.
Take a look
Although we know (and discussed here) many of the players in our current situation, this is a well written piece on how financal structures are created and utilized.
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Mortgage backed securities started the week off well, but their 25-day moving average proved too strong to break, and down they went, again. As I stated last week, there was not much data being released, so technical indicators and news, such as earnings, fueled the moves in the markets. Mortgage rates ticked only […]

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If there was ever a model for how to build your reputation as an expert on mortgage origination through the power of blogging, one only needs to take a look at Dan Green’s The Mortgage’s Report.
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If you could sum up all of the problems that bonds faced last week into one word, it would be inflation. Between earnings reports and economic data, along with various Fed speeches, there was little doubt which fear would take hold.
Retail Sales kicked it off by beating expectations, followed by PPI blowing away it’s […]

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