Disqus - Latest Comments for BillCoppedge

Re: President Trump is Right: Access to the US Economy is a Privilege

BillCoppedge — Thu, 06 Jun 2019 10:21:33 -0000

Ethan - I was aware of your prowess during the 31 years I worked in mortgages on the street. Your insights and level-headed assessments are rare and welcome. Your posts keep getting better. Zerohedge or other blogs would be wise to pick up on your writings. Thanks.

Re: Massive U.S. Debt, No Consumer Spending, Government Near Bankruptcy. How Could Treasuries Go Higher?

BillCoppedge — Sat, 13 Feb 2010 08:21:29 -0000

Paco - Any idea on good UST shorts besides TBT? Out of money puts are ok if the time horizon is long enough. Julian Roberson shorted UST and Kyle Bass shorted Japan bonds. I am looking for something that does not require margin calls.

Regarding ArkansasAngie's quest for a bank, go here:
http://moveyourmoney.info/ < has a "find a bank" link

Thanks, Bill

Re: Banks Help Drive Demand For Ginnie Mae Securities

BillCoppedge — Wed, 30 Sep 2009 07:21:32 -0000

John - The direct US Treasury guarantee of GNMA's takes away default risk. 0% risk weighting allows the banks to leverage the size of their balance sheet's assets more, increasing interest rate risk if they do not properly match duration between their assets and liabilities. So one risk is less and another risk is more.

Re: HUD Seeks to Find Balance in Reverse Mortgage Counseling Sessions

BillCoppedge — Wed, 09 Sep 2009 07:25:37 -0000

Sounds like a guaranteed way to get sued. A guaranteed win for the senior ... if there ever is a doubt later, they have a free option to get compensated by suing.

Re: Inverse leveraged ETFs - a sober look

BillCoppedge — Tue, 11 Aug 2009 06:01:57 -0000

Do you know if anyone has looked at TBT having tracking error problems? Or is it safe to say that this problem applies to all levered ETFs? PS - I like your work. Thank you.

Re: Changing the jumbo mortgage game

BillCoppedge — Thu, 16 Apr 2009 06:38:56 -0000

Thornburg has not been making new loans for quite some time. They will be missed.

I applaud First Internet Bank of Indiana in entering the market. Let us hope that many more banks enter the market, as FIB is not very large in assets.

New jumbo product has the most conservative underwriting in 30 years - full documentation, in some cases 2 appraisals and 70-75 CLTV (ie 25-30% downapyment). Having the larger downpayment required keeps many people from qualifying for new loans or refinancing.

On refi's if the house value has fallen, you have to come up with cash out of pocket for a refi. Also, many jumbos have HELOCs (Home Equity Lines of Credit) which would have to be paid off to refinance. If you can borrow money on your HELOC at 2,.75% and are afraid of losing your job, many are reluctant to giving up the HELOC just to refi and have a lower monthly payment.

Bill Coppedge http://mortgagenewsclips.com/ and http://billcoppedge.com/