All GLG News Analyses Filed Under: Mortgages, Consumer & Specialty Finance

Actual financial shock of the Wall Street will initially have bigger impact on Asia and Europe then on US itself, but on the long run it might set back the US economy to stagnation that could last 10-15 years. Nevertheless, there's still a place for good news...

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...

1. Current crisis is the child of greedy bankers. 2. Fast loans are not criteria for high bonus.

Carter Dougherty in Frankfurt, in the September 19 issue of the International Herald Tribune, asked rhetorically if future historians will write about the Great Depression of the 2000s.the world’s central bankers are flooding the international financial system with liquidity on the amount $180 billion...

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....

The key implications are too numerous to cover in this space. To many of us its apparent that we are on the verge of a major economic meltdown the likes of which haven’t been seen since the Great Depression. The one major implication will be greater rules and regulations that the free market folks will...

100 years since the panic of 1907 the banking system is looking for another white knight. In the meantime we have had the breakdown of  the  gold standard, the  breakdown of  bretton woods, the curse of inflation and stagflation yet there appears no permanent cure for recurring financial...

Effective immediately after the Fannie/Freddie take over, the DITECH origination service of Cerberus' GMAC Financial Services launched a television campaign to offer 5.5% interest rate mortgage loans.

The GSEs succeeded in supporting the creation of a broad, deep, liquid national market for mortgages.  They used their market power to impose standardization on mortgage terms and underwriting.  Thus was born the "conforming mortgage." Mortgage insurance is an artifact of this history. ...

The GSEs succeeded in supporting the creation of a broad, deep, liquid national market for mortgages.  They used their market power to impose standardization on mortgage terms and underwriting.  Thus was born the "conforming mortgage." Mortgage insurance is an artifact of this history. ...