Archive for July, 2011
BEA Reports 1Q-2011 and “Great Recession” Far Worse Than We Had Been Previously Told
Contributed by the Consumer Metrics Institute Included in the BEA’s first (“Advance”) estimate of second quarter 2011 GDP were significant downward revisions to previously published data, some… Read more
Loan Modification & the Comprehensive Homeowner Financial Recovery Program – The New Paradigm
In Feb 2010, I authored an article for ML-Implode titled “HAMP=Foreclosure” that was well received. The article dealt with the effectiveness of HAMP, and revealed issues with HAMP that would… Read more
Wholesale AE’s, Ready to Jump Back In? watch out for ghosts….
The mortgage industry is beginning to show signs of life. Real signs, not numbers and percentages that can be manipulated to fit the mood, but job postings and new products. Whether… Read more
Consumer Metrics Institute Member’s News: July 23, 2011 – Unexpected Extremes & Mussolini Revisited
Contributed by the Consumer Metrics Institute The past two weeks have resulted in one of our rare “wow” moments here at the Consumer Metrics Institute. On July 19 our Weighted… Read more
The New Short Skirt….far from a mini
Remember the days when almost every lender had their niche….you know, the “short skirt” that got them a little notice? If you were an AE you dreaded the inevitable question, “what’s your… Read more
Bernanke’s Big Plan to Bluff Housing Back to the Bulls
Contributed by Ben Thorpe at Benzinga. There are now three guarantees in life: death, taxes, and another round of quantitative easing. Ben Bernanke has played coy the last three days,… Read more
Bernankenstein Confirms Monster Experiments
In testimony before the House Financial Services Committee today, Fed Chairman Bernankenstein confirmed in his own words what I have been writing for months. Here’s how Marketwatch.com put… Read more
The Changing Role of the Wholesale AE
Over the past twenty years the mortgage industry has gone through immense changes. Think of the new products, technology regulations and disclosures. And the wholesale account executive… Read more
Consumer Metrics Institute Member’s News: July 9, 2011 – Continuing Contraction Moderation; Shakespeare’s Stimulating Idea
Syndicated with permission from CMI. We are becoming more convinced with each passing week that the rate of contraction of on-line consumer demand for discretionary durable goods “bottomed” at the… Read more
Behind the Dismal Employment Numbers, Rogue Wave Coming
Originally posted at the WallStreetExaminer.com In the Treasury Update that I posted yesterday in the Wall Street Examiner Professional Edition I warned that regardless of what the government… Read more
