All Posts Tagged Hope Now

The “Hope Now” effect – some preliminary mortgage data

December 7th, 2007 | No comments

I received a note this morning suggesting that while the actual effect the “teaser freezer” program may have on the foreclosure problem is still up in the air, at least now there’s some data coming out to work with. The numbers are preliminary, and highlights are as follows: There are 80 million homes, and approximately [...]

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Hope Now, Pay Later

December 6th, 2007 | No comments

Some analysts were complaining that the Treasury Department/Hope Now Consortium plan to fix some mortgages at “teaser rates” – as a way to stall the foreclosure wave – was nothing more than delaying the pain. This may be true, and the fact that mortgage backed securities investors seemed to be missing during all the planning [...]

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The “Hope Now” Mortgage Plan: Where Are The Investors?

December 3rd, 2007 | No comments

One need look no further than the so-called member list of the Hope Now Consortium to realize an important constituency in all this is missing: Of the 33 entities on the list, only three are classified as “investors.” In addition, you could easily exclude all of those – the American Securitization Forum is a trade [...]

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