Sense on Cents

I worked in the mortgage business on Wall Street for 23 years. During that time period I had the good fortune of  developing relationships with some of the finest minds in this sector. While I do not know Laurie Goodman personally, I can tell you that there is no one individual in the market today whom investors follow more closely when it comes to developments in this space. While Ms. Goodman does work in a business that is actively engaged with investors, I have always appreciated her perspectives as being untainted by bias and merely reflecting an extremely professional and honest outlook.

What does Ms. Goodman think about President Obama’s plans for housing? It would appear that there may be all sorts of unintended consequences and misaligned incentives in this proposal. Regrettably plans  that are well intended often do not necessarily achieve their desired results. I strongly recommend you read Mortgage Plan Aids Liars About Income to gain a fuller appreciation of this proposal.

LD

This entry was posted on Sunday, February 22nd, 2009 at 4:29 PM and is filed under American Consumers, Banking Institutions, Business, Current Affairs, Economy, Families, Fannie Mae, FDIC, Freddie Mac, General, Housing Crisis, Mortgage Cram-Down, Mortgage Crisis, Mortgages, Obama Administration, Real Estate, Wall Street. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.