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3 Comments

    • Ten Bear Market Phases, Current Edition [view article]
      I keep reading all you gloom and doomers, but for the life of me, I haven't come across anyone who has mentioned the obvious.

      First, somebody sold the houses to the present occupants that are now facing foreclosed and obviously at a good price. They presumeably still have the money/credit and have the ability to do something stimulative with it. You know the old velocity of money trick.

      Second, all the folks that are walking away from their mortgages have to live somewhere. So if supply and demand holds shouldn't rents be bolstered significantly by demand for rental housing? If that is true, shouldn't these increased rents form a base under the housing market?

      There is so much psychology involved here-as usual. What our economy needs-and what it hasn't had for a very long time - are leaders who espouse greatness, ambition, and positivenes rather than the folks who think that the only way to stay in power is to use the fear factor.       Jul 25 01:53 PM
    • What is Countrywide's Lending Operation Worth? [view article]
      H2O needs to go back and do a little more homework about how mortgagebanking works. For one thing, when loans are sold on a servicing-retained basis, a contract is signed that essentially delegates to Countrywide -or any servicer- power of attorney(and the obligation) to work for the investor. Jun 05 12:45 PM
    • What is Countrywide's Lending Operation Worth? [view article]
      So Jim, after all that - What is countrywide worth? Jun 05 11:59 AM
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