Mortgage Industry Trends

The company has retained key staff to support its existing clients until an
asset purchase is consummated

MarketWise Commentary
Week Ending September 7, 2007

The mortgage market continues transform before our eyes.

I've been tied up of late, but after I ripped Mr.

Overall, this was a calmer week for the mortgage industry. The Fed cut of rates to the discount window which brought heavy borrowing and some liquidity back into the secondary market.

I'd like to thank all the people who took time to complete the survey I sent out two weeks ago. Out of approximately 350 people that received this, 25 responded.

It is one of my pet peeves, the seemingly insatiable dislike that the Wall Street Journal's opinion page constantly wages against Fannie Mae and Freddie Mac.

The Wall Street Journal came out with a hard hitting look at the role that rating agencies played i

Clueless is probably a strong word to describe the professionals that work on Wall Street.

The talking heads on CNBC don't understand the problem that has afflicted the mortgage industry. Bernake doesn't appear to understand either, though I could very well be wrong.