Luxury Foreclosures - Growing Number of Affluent Homeowners Can No Longer Afford Their Mortgages - Washington Post
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Record condo numbers to saturate downtown area - Chicago Tribune
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WaMu COO: We’re Not Done Hemorrhaging - TheStreet.com
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Meet Your New Recruits: They Want to Eat Your Lunch - BusinessWeek
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Jumbo jitters: High-end homebuyers run into mortgage problems - Lansing State Journal Brendan
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How Should We Respond to Asset Price Bubbles? - Frederic S. Mishkin - At the Wharton Financial Institutions Center and Oliver Wyman Institute’s Annual Financial Risk Roundtable - FED
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Recovery From Worst Housing Slump Since 1930s Comes With Angel - Bob Ivry - Bloomberg
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2 from Mortgagewire:
1. Losses on Subprime Seconds Mount, Pressure Bond Insurers
2. Schumer Calls for FTC Investigation into Countrywide’s Default Management Practices
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Some CFOs Spring to Fair Value’s Defense - Stephen Taub and Roy Harris - B of A and Freddie Mac finance chiefs, in different arenas, support the control of risk that mark-to-market accounting provides. - CFO.com
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Early Retirees May Help Hold US Unemployment Rate Down - Early retirement by baby boomers could be helping keep the unemployment rate down even as payroll employment falls, according to Standard & Poor’s Chief Economist David Wyss. - Research Recap
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Dismissal Denied in Countrywide Financial Subprime Derivative Lawsuit - lots of details - Kevin LaCroix - D&O Diary
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The Secret Bailout of JP Morgan: How Insider Trading Looted Bear … - talks about out of money put option trades - - Center for Research on Globalization
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What Does It Mean When Monetary Policy Conducts a Fiscal Policy Operation? - Paul McCulley - Global Central Bank Focus - PIMCO
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AWESOME DATASOURCE: ZILLOW REPORTS - good resource with lots of data - be sure to check this out - Zillow
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Don’t believe Paulson: S&L 2.0, the Bank Failure Redux - … Now, for those banking CEOs, homebuilder CEOs (ex. Mr. Hovnanian), monoline CEOs and government officials (ex. Mr. Paulson), who claim that the worst is behind us - I can smell you guys! … - Reggie Middleton - seeking alpha
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LESSONS LEARNED FROM MORTGAGE MARKET TURMOIL - James B. Lockhart III - Director, OFHEO - thanks Ira Artman
posted by Bill Coppedge