Housing Doom commenter coffee just dropped this in the comments.  Twist and I are over our heads on this one.  I’ll put a few of the relevant news links up in the comments later, but in the meanwhile any assistance would be appreciated.  This is about the latest Treasury moves to force down mortgage rates.  They seem awfully radical to me.   From Doomer Coffee PSA: measures prepayment risk in a mortgage back security. PSA is the implied prepayment risk model at a specific yield. It measures the risk to the investor’s cash flow disappearing due to prepayment risk. I…
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This just in from Blown Mortgage.[1] I wrote a year ago about the site, Mortgage Lender Implode-O-Meter, being sued by a mortgage company for damages allegedly tied to the company’s listing on the site’s imploded lender list. The claims were fanciful, with the lender claiming that their bank accounts had been drained by institutional warehouse lenders and other sorts of malarky that made the suit look exactly as it was: an attempt to simply shut-up the good folks at Implode by a brute force legal battle where they figured to have the upper-hand in capital to silence the critics. ……
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[oops! shouldn't have tried to update the title with low memory apologies for making this disappear earlier] Mr. Gary Moore of Calgary AB (it’s even better he’s from Western Canada) has done a fine job of presenting the case for why Canada’s present Prime Minister should do the statesman-like thing and step aside for the Coalition.  Even Harper’s best neo-con buddies are now frantically signaling for him to back off.[2] I don’t ordinarily post a whole MSM piece, but this letter-to-the-editor deserves wide distribution.  Please consider clicking on one of the title links and visiting the original source (and their…
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Yeah I know we’ve put up a number of Peter Schiff videos, but I came across the compilation of "Schiff Analogies" and decided that I had to post it: