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Who Will Protect This House?


There's been a lot to cover as the world of structured finance opened itself to the mainstream...

Formerly obscure terms such as 'subprime,' 'write-down,' and 'Structured Investment Vehicle' became commonplace in the headlines as rising defaults on risky mortgages and falling home prices have roiled financial markets since the summer.

There's been a lot to cover as the world of structured finance opened itself to the mainstream; we've done our best to dissect the alphabet soup and explain what it all means:

Subprime Goes Rancid
by Justin Rohrlich on March 15
The subprime mortgage sector has been beaten, battered, and bruised in recent days, driving the Dow down to a hair above 12,000.

Fannie Mae: Exit Stage Left
by Bennet Sedacca on March 21
If you are not being compensated to take risk, then do not take risk.

Cloudy Skies for the Housing Market
Hoofy & Boo take a look at recent existing home sales drops as well as what economists and realtor's are blaming for the drops. Check out their forecast...

Five Things You Need to Know: Existing-Home Sales; Some Housing Containment; Less Housing Containment; No Housing Containment...
by Kevin Depew on March 23
What you need to know (and what it means)!

Five Things You Need to Know: Housing Slump Well Contained; Well Contained to Existing Home Sales; Well Contained to Largest Cement Producer in U.S.; Well Contained to Spain; Well Contained to Auto Sales
by Kevin Depew on April 24
If ever you find yourself beginning to doubt that problems in the economy related to housing are not well contained, just sit down and listen for a moment.

CDO Market Lowlights
by Fil Zucchi on May 7
As of mid-March, about $36 billion of loans has been made this year, more than in the previous 10 years combined...

Bear Stearns Fund Reveals Tip of the CDO Iceberg
by John Succo on June 21
If the market continues to deteriorate, the agencies at some point will be forced by the cumulative losses to acquiesce.

Jeff Saut Presents: Subprime Sublime?
by MV Respect on July 9
While participants should typically be cautious of drawing conclusions from such a low-volume, holiday-interrupted environment, last week’s action was impressive.

Countrywide: Mortgage Restructure Free-For-All?
by Mr. Practical on September 26
In the banking business, it is always preferable (from a cash flow and profits standpoint) to take your medicine all at once rather than delay it.

The Recent History And Future Of Housing
by Fil Zucchi on October 8
The final collapse in homebuilders' equity prices should generate the type of desperation and despondency that will ultimately create the right environment for a sustained housing bull.

The Art of Bailing Out
by Mike Mish Shedlock on October 15
Countrywide's Angelo Mozilo seems to have the science of bailing out down to perfection.

More Gore In Housing Land
by Fil Zucchi on October 16
Keep an eye on mid '08 as the timeframe when entire project foreclosures will start kicking-in in the Miami market.

Citigroup Fighting For Its Financial Life
by Mike Mish Shedlock on November 5
Those focusing on the dividend picture at Citigroup are sure focusing on the wrong picture...

Citigroup: The Real Deal
by Mark Bloudek on November 27
All in all, this deal is a tough one for Citigroup.

Mortgage Insight From the Trenches
by Minyanville Staff on November 29
In the past eight months, Fannie and Freddie bought, and Radian and MGIC insured, some of the worst loans ever originated.

Lenders Rapidly Tighten Credit
by Mike Mish Shedlock on November 30
If LIBOR showed stress at 30 basis points what does 72 basis points show?

Mozilo Misses the Mark
by Minyanville Staff on December 5
Providing more credit to the mortgage market will simply delay an inevitable day of reckoning.

Getting Burned at Countrywide
Shareholders aren't the only ones getting burned at Countrywide Financial. Hoofy and Boo give a special report on the troubled lending powerhouse and deliver a personal message to CEO Angelo Mozilo.

An Impassioned Plea for Responsibility
by William Fleckenstein on December 6
Are contracts no longer to be viewed as law, but rather are to be viewed as nothing other than mere whim?

Little Hope for Hope Now Alliance
by Mike Mish Shedlock on December 7
Now that the details are finalized, we can clearly see that very few people percentage-wise will be helped by this bailout proposal.

Pictures of Pent Up Housing Demand
by Mike Mish Shedlock on December 12
The problem with foreclosures has really just started. Perhaps by 2009 home prices will be back at more realistic levels.

You Can't Drive Your House to Work
by Minyanville Staff on December 31
A closer look at the business of making car loans indicates that the correlation with mortgage lending may not be as close as many believe.
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