The continuing deterioration is not surprising.
When the dust settles, I'm wondering if any mortgage bank will be a stand alone publicly traded company.
I recently sent out a mass email to some of the folks I dealt with when I was working with ICAP on their secondary whole loan desk.
The financial papers are replete with discussions on the performance of mortgage back securities and hedge funds suffering from the value deterioration in those investments.
The Wall Street Journal has had terrific reporting on the events surrounding two hedge funds over at Bear Stearns run by Ralph Cioffi.
What I would like to know is what do they teach all these Wall Street bankers at school?
A lenders worst nightmare is the thought of opening the mail one day
Just read a great article about Quick Loan Funding and the
John Robbins, the chairman of the Mortgage Bankers Association, recently delivered a speech at the National Press
If this were a myspace page, I'd want that tune playing on the site.