President, Granada Advisors
Member of the Financial Services Council
Christopher Goode is the President of Granada Advisors, a mortgage market consulting firm. He has over 20 years of experience in the mortgage industry especially residential lending capital markets pricing and operations. From 2001 until 2004, Mr. Goode was the Senior Vice President of Transaction Management with Countrywide Capital Markets, where he was responsible for credit policy, due diligence, and post closing credit risk management for the conduit operations and structured transactions. His oversight included all residential asset types, including non-prime, Alt-A, home equities, sub-performing, and non-performing. Earlier, Mr. Goode was Senior Vice President and Director of Secondary Marketing for Home Savings of America, where he managed residential loan pricing, trading, securitization, hedging, and product development. He has also worked with Glendale Federal Savings and Aames Financial. (This is me - Update Profile)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
Misinformation Adds to a Tenuous Market -- Please New York Times - We Deserve Better
August 31, 2007
Inside the Countrywide Lending Spree | www.nytimes.com
With the residential lending capital markets virtually shut down, there is little good information that is known. But there is a lot of sentiment, including fear. I look to a firm such as the New York Times to allay fear and communicate good information during these times. Rather, it seems that someone at Countrywide has upset someone at the NYT, or else the NYT is picking low hanging fruit, knowledgable that there is an audience of people with a problem (employees of mortgage banks gone bust and borrowers who can't make their payments) who are looking for a scapegoat or villain.
CME Housing Index May Change Future Lending Practices
May 19, 2006
Hedge Around Your Home | news.ft.com
The introduction of the Chicago Mercantile Exchange's futures and options housing index that will provide a hedging instrument for US residential housing market may decrease borrowing costs over the long term. Conceivably, the product can have a greater impact than the GSEs on housing affordability and loan rates.
Excellent Overview of What We All Know (Feel) About Inflation
May 18, 2006
What the US Government won't reveal about inflation. | quote.bloomberg.com
This article provides a nice overview on the debate over accurate measures of inflation and the motivation to keep the inflation indices low. We all know, or can sense, the real story.
Lower Mortgage Profits - Does it Make Sense to Make It Up On Volume?
May 15, 2006
WaMu's Mortgage Profits Plunge | www.nationalmortgagenews.com
WaMu's mortgage profits may be down, but what is most important is overall performance of the bank.
WAMU buys Commercial Capital, AGAIN
May 14, 2006
Washington Mutual to buy Commercial Capital | today.reuters.com
Washington Mutual's acquisition of Commercial Capital makes a great deal of sense. However, Washington Mutual arguably controlled much of the intellectual capital of Commercial Capital in the late 1990's when it purchase Home Savings of America, but they squandered the opportunity.
| Study Group Name | No. Members |
|---|---|
| Experts in the Leisure & Lodging Council | 4887 |
| Experts in the Automotive Council | 3422 |
| Sub-Prime Lending Experts | 590 |
| Subprime Mortgage Experts (US) | 531 |
| Structured Finance Experts | 382 |
Christopher Goode has not participated in any GLG Live Meetings.