So Far, Obama Administration's Bailout of Banks Helping only Wall Street, not Main Street

Over the past six months, much was made of the "emergency" need to rescue the nation's largest banks, lest the country enter a downward economic spiral that would have catastrophic consequences for

Gravitating Away From Expensive Decisioning Solutions to a Cost Effective Model

It’s funny how quickly paradigms can change. On the origination front, lenders have become more innovative and resourceful in terms of how they implement and manage technology.

How much transparency can we really afford?

Just finished up my latest column for HousingWire. It's called Beyond Binary and in it editor Paul Jackson gives me free rein to make a fool of myself, if I choose to do so.

Fixing the Foreclosure Problem

I've been meaning to dust off this blog and put together some thoughts about Tarp or not to tarp, and Rick's timely article has prom

When will foreclosures return

Some of you may know that I now write a monthly column for the new HousingWire publication.

RTC Style Bailout - About TIME!

Finally, the folks over at Treasury have figured out how to fix what is ailing the credit markets- set up a special purpose vehicle to buy good, but hard to sell assets.

Barney is Less than "Frank" with Americans

Congressman Barney Frank (D-MA) and House Speaker Nancy Pelosi (D-CA), continued the political farce in Washington regarding the financial industry troubles by doing what politicians do best in a cris

Politicians Come Clean!: Fannie and Freddie Were Creatures of Washington

There seems to be a lot of selective memories out on the campaign trail today.

Holy Shit! What the hell did they just do?

It would have made for better drama if Fannie & Freddie had told Paulson to shove it.

I don't think any GSE watcher would have ever thought what happened could have happened.

Closing Protection Letters Are NOT Insurance Against Mortgage Fraud

You are about to wire closing funds to the table, into the hands of a lawyer or settlement company employee you have never met before, but no worries because you have a Closing Protection Letter right

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