GLG News by Mortgage Servicing Experts

This is not surprising.  GM/GMAC has been dealing with diminishing liquidity going back to the creation of Residential Capital Corporation in 2006.

Consumer borrowing has decreased for the first time in over 10 years as outstanding revolving and non-revolving credit fell in August.  This may be an indication that Americans are pulling back on spending as the financial and housing markets continue to deteriorate. 

More competition, not less is required within the automotive industry. Positive results will eventually be rewarded by a free market.

Sometimes you don't want to get what you've been hoping for.  Wachovia has a top deposit gathering franchise, and they clearly help complete much of the Wells Fargo footprint.

The mortgage insurance industry would appear to benefit from the latest government actions to inject liquidity into the credit markets and reduce foreclosures.  After all, anything that will stem the drop in housing prices and prop up the economy should reduce mortgage defaults and mortgage insurance...

Models only cover certain variables and the crisis involved much more than mortgage pricing and a few macroeconomic issues. Risked based pricing as used in the mortgage industry had an underlying flaw that caused the models to fail. Greed played the other part.

Rumors had been swirling over the last few weeks that WAMU was shopping for a buyer, however, the OTS (the Office of Thrift Supervision) couldn't allow WAMU to continue its operations under constraints of deposit outflows exceeding $16 billion in the last week or so and JP Morgan Chase becomes the benefactor...

The recently proposed bailout was an inevitable solution to a ever-growing problem. The $800B will be the most costly endevour by the U.S. government since The New Deal proposal from the Great Depression. The key to the issue at-hand is two fold: first, the stabilization of the real estate prices....

Capital and liquidity scarcity in the combined bank will force the total franchsie to shrink with further implications on the UK housing market in particular as Lloyds manages down its inhereted property exposures. With growth constrained, the prize for LLoyds will be two fold - realising cost...

The analysis in this article is generally on point, but keep in mind this is a synthetic market.