Comments on: Compensation Structures in Mortgage Industry

By: Mark E Hoffer

Mark E Hoffer — Sat, 01 Nov 2008 08:25:52 +0000

ya know, with all the ink spilled, and pixels fluoresced, over this “Mortgage Crisis”, isn’t it time for a post on the actual Mechanics of a Mortgage?

towit: What, exactly, is being lent? Who funds the transaction? Where does the ‘bank’ get the ‘money’? and so forth..

to those, at the minimum, that are excited about Yield Spread Premiums (YSPs), you should wonder about the answers to those Q: s ..

By: AGG

AGG — Sat, 01 Nov 2008 04:07:35 +0000

And they aren’t done yet. I just read this on Bloomberg about the “new” wall street PR on self regulation.:
“I don’t call it self-regulation anymore,” said Harvey Pitt, a former SEC chairman who is a lawyer at Kalorama Partners LLC in Washington. “Private-sector regulation” is Pitt’s new term.

Government can spell out what’s legal or illegal, Pitt explained to the audience, but “private-sector regulation can tell you what’s ethical.”

In your dreams it can. Beware the retrofitted regulatory structure that leaves a smile on your broker’s face.

(Susan Antilla is a Bloomberg News columnist. The opinions expressed are her own.)

To contact the writer of this column: Susan Antilla in New York at santilla@bloomberg.net

WHY ISN’T PITT IN PRISON? THE MAN IS A TEXTBOOK CARDBOARD HOODLUM. HIS VENALITY MAKES COMIC BOOK VILLANS LOOK NUANCED.

By: tom brakke

tom brakke — Fri, 31 Oct 2008 20:49:39 +0000

We saw this movie ten years ago. I did a posting on it, under the green tree.

By: phb

phb — Fri, 31 Oct 2008 18:52:39 +0000

We’ve “incentivised” the behavior we’ve received…shocking indeed. Perhaps a plan for the future might be to consider building incentive plans that reward the behavior that keeps the business solvent???

By: Chuck Ponzi

Chuck Ponzi — Fri, 31 Oct 2008 18:48:48 +0000

No, the comments are from needing to register to comment.

BTW, the spacing is all f-d up. Need smaller font and less space in both the posts and comments.

Chuck

By: Winston Munn

Winston Munn — Fri, 31 Oct 2008 18:44:14 +0000

This sell it and pass the buck must be the “flaw” that Greenspan found in his markets hypothesis.

By: babycondor

babycondor — Fri, 31 Oct 2008 18:02:41 +0000

Comments dropping off = inflection point? Market bottom? you make the call!

Also, normal temporary side effect of transition to new format.

By: bradp

bradp — Fri, 31 Oct 2008 17:49:24 +0000

Yes, why are the comments dropping off so precipitously? I find half the value of this site to be the forum of comments.

By: John

John — Fri, 31 Oct 2008 17:49:03 +0000

Barry,

This means people respond to incentives?!? What a concept!

By: jason

jason — Fri, 31 Oct 2008 17:36:32 +0000

Where are all the comments today. Anyone have any feeling where this market is going? I think Monday will be bad, possibly the ugliest day ever seen in the markets. The day of the Led Zepplin. Pension and Mutual funds that have been forced to buy (to re-balance funds due to stock value losses) the last few days of this month will no longer be buying. Couple this with a little pre-election sell off in anticipation of an Obama win, and the Democrats seizing 60 seats and it could be the fugly. The real trick this Halloween is that the market is up the last three days based purely on I don’t know what.