Rocktex

Housing Market Tracker - Foreclosure Data Review

After I post the above article, I read the following article.

It is very interesting that it says: "Few are calling the end of the credit crunch just yet, though." Hmmmm..., sounds funny to make me look like the only idiot to say the soap show is all over before Madlen Read put out the article, right?



Stocks Get a Boost From ECB Movehttp://biz.yahoo.c...

Tuesday December 18, 5:59 pm ET
By Madlen Read, AP Business Writer

Stocks Rise in Volatile Trading As ECB Lends $500B; Goldman, Best Buy Post Gains
NEW YORK (AP) -- Stocks rose Tuesday after investors found solace in the European Central Bank's $500 billion loan issuance, but the possibility of recession in 2008 made for a back-and-forth session.

The ECB's massive 16-day tender supported the idea that the world's central banks are working to revive demand in struggling areas of the credit market. The Bank of England also said it will offer additional reserves to lenders Tuesday, after the U.S. Federal Reserve on Monday auctioned off $20 billion in 28-day credit.

Few are calling the end of the credit crunch just yet, though, and the market's seesaw movements on Tuesday reflected its uncertainty. Alongside U.S. government data showing that new home construction dropped in November to its lowest rate in more than 16 years, the central banks' actions had a hard time galvanizing a market that remains anxious that the economy has further to fall.

Housing Market Tracker - Foreclosure Data Review

An updated version of my viewpoints:
A Funny World (14): Sun Goes Up? Or Not? activerain.com/blogsvi...

Housing Market Tracker - Foreclosure Data Review

Spring is near the corner.
Mortgage financials have new sprouts coming up.
Watch out! Don't step on it.
Seems nothing is so big a deal we USA people are unable to handle yet!

There Goes Delta Financial, Now How Safe is Countrywide?

Sorry, there is a typo.
$680 should be $680K.

There Goes Delta Financial, Now How Safe is Countrywide?

To WakeUP:
It it nothing to do with justice or punishment.
See, here comes the best words in the last part of the article "Job cuts in mortgage lending surpass 80,000" (www.inman.com/hstory.a...)

“Ironically, while the financial sector has been under fire in recent months, CEO departures have fallen, demonstrating how insulated these executives remain from the credit crisis that has resulted in thousands of job cuts since August," Challenger said.

There is a vested interest group that others can't do nothing about it.

If Mozilo of CFC can have what he wants to raise conventional loan amount to $680, believe me CFC will be the winner.

Go long for CFC!

p.s. I have never bought any stock until today, let alone an interest in CFC.

There Goes Delta Financial, Now How Safe is Countrywide?

Ooh! Good post.
How come you forgot to mention how much FHLB, Atlanta gave $36 Billions against CFC's 70% ABS?
My interpretation is CFC is transforming into the 4th GSE. I don't see any possibility that CFC is going to BK unless FED is ready to be seem to have a clear position: the taxpayer is the final victiom to pick up the check for the dinner.
Yes, it is still possible for CFC to drop its shoes as DFC. C is a junk level, but still better than D, right?

Bank Coalition Near Accord to Freeze ARMs - WSJ

Here is my previous post on WSJ to comfort you hopefully:

ET - Nov 19, 2007
Hi, K!In the movie "Splash", the actor found out his lover is a mermaid. He is so upset. His brother came to comfort him: "No body says love is perfect." The response is "I didn't expect it perfect, but at least not a fish."

Now I would like to comfort you; "Nobody says life is fair." I know you are going to reply: "I didn't expect...." I understand.

Let me propose this: how about everyone can make a choice to stick to the origional loan terms or switch to the current relief term of freezing plan?

Hmmmm.... you have to make more louder or politicians will ignore you, right?

Bank Coalition Near Accord to Freeze ARMs - WSJ

HELP! I'm Facing Foreclosure!

It sounds like there are not so much experience your peers have. I went through pre-foreclosure when I was trying to obtain my Cali RE licence in 1989-90.

At that time period, nobody including my broker could give me any help. Because they don't have a practical personal experience. All they know is from books. Don't blame them since they really don't know nothing about REO practice even they can show the words "REO specialist" on their business cards.

Now, I have been watching and working on so many foreclosure. I have my keen eyes to see those relief plans consumer organizations have established. They are trying to artificially change the cause of market forces by political powers. Sorry, I have to say: all they know is from books, too. Don't blame them since Cali Governor and Treasury Secretary are so funny to present such a "freeze" loan program.

All of programs are focusing on one side of a coin. Passively asking a help or cooperation from the lenders. Gee! how about the other side?

For an example, one of my neighbors has his home foreclosed on Nov. 6, 2007. It is too late for me to work on when I knew it. There is only 3 days left for me actively and positively "attack" the other side. [in fact, there is only one day since it is a weekend] They owe a bank $82K that is the minimun amount on auction block. The real market value is lower than $ 60K.

If they let me know earlier and give me at least 2 weeks to work on. It is very possible for them to stay at their home now. They may be able to owe a new loan of less than $40k and pay 50% less of monthly payments. I believe it is a practical goal for me.

How can I do it? That' what I mean the other side of a coin: know the "sofeware" real estate well enough to set your own rule to play with a lender, not to follow theirs.

If I go out to help the general public with less funds they have, believe me, I won't talk about those public or private useless plans that are at the mercy of those greedy lenders. I won't do lip service to give advice only.

Trust me I will use my expertise and the rational market forces to only give real good, solid and practical stuff to the weak publics.


p. s. Sorry, I made a brief coment above. I owe you guys a better one.

Bank Coalition Near Accord to Freeze ARMs - WSJ

lol

Miracle: Bush To Part The Bankrupt Sea

Please read in the between.
What will get hurt? HA, HA, HA......
What GWB or Ben said? Remind me what Bradley said when LA riot broke out. Back then, Mayor Tom Bradley said: "Give all the tenant a 3 month rent-free break! all the landlords, please." But who gave the landlords 3 month mortage-free? I don't know. Well, It seems no body get hurt and we put it behind, Really.