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The Emperor's New Clothes | Examining the truth.

Examining the truth.

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The Emperor's New Clothes | Examining the truth. | tomhealy.wordpress.com Reviews

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Examining the truth.

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1

December | 2012 | The Emperor's New Clothes

https://tomhealy.wordpress.com/2012/12

The Emperor's New Clothes. About Tom Healy and The Emperor’s Clothes. 12/15/2012 SIFMA Prepay Speeds. December 18, 2012, 10:26 am. Filed under: Mortgage Servicing Rights. December 15th prepay speeds have been uploaded to the L1A valuation site. Speeds seem to have leveled off for the current coupon 30s. The 15 speeds have ameliorated somewhat (see graph below). Let’s hope this trend continues into year-end. 15 year conforming PSA. December 5, 2012, 4:17 pm. Filed under: Mortgage Servicing Rights.

2

June | 2010 | The Emperor's New Clothes

https://tomhealy.wordpress.com/2010/06

The Emperor's New Clothes. About Tom Healy and The Emperor’s Clothes. The signs were clear in early 2006 that we were headed for a crisis. June 14, 2010, 9:36 am. Filed under: Press Articles. Analyzing Home Price Trends: Do Real Estate Values Always go Up? Secondary Market Executive; January 2006; Dr. Thomas J. Healy CMB. 8211; Interest-only, multiple payment option, forty year term and negative amortization loans also add to the home-buying and refinancing exuberance. Over 60% of all new mortgages i...

3

July | 2012 | The Emperor's New Clothes

https://tomhealy.wordpress.com/2012/07

The Emperor's New Clothes. About Tom Healy and The Emperor’s Clothes. HARP Refinances Continue Surge. July 16, 2012, 10:58 am. This may be good for the mortgagors, but increasing refi activity is not good for servicers. FHFA News Release 2012 0716. Refi’s Wreak Havoc on MSR Impairment. July 10, 2012, 3:21 pm. Filed under: Lessons Learned. Yet from an accounting perspective, many servicers add the value of the newly originated MSR to their capitalized servicing and continue to amortize the capitalized ser...

4

August | 2010 | The Emperor's New Clothes

https://tomhealy.wordpress.com/2010/08

The Emperor's New Clothes. About Tom Healy and The Emperor’s Clothes. MSA Limits in Basel III. August 23, 2010, 5:00 pm. Filed under: Mortgage Markets. There are several ways an institution can address their overage:. Sell part of the portfolio – Only 28 of the 67 “over limit” banks are over by greater than 10% of Tier One capital and may need to sell. Their overage aggregates. 350B of servicing principal balance. Implementation of these capital limits, while non-sensical, should not create a large suppl...

5

May | 2013 | The Emperor's New Clothes

https://tomhealy.wordpress.com/2013/05

The Emperor's New Clothes. About Tom Healy and The Emperor’s Clothes. May 15, 2013, 12:45 pm. Prepay speeds continue their downward migration after having, what seems to be, a temporary blip up as of 4/30. This seems consistent with a slight increase in mortgage rates since April month-end. Blog at WordPress.com. The Emperor's New Clothes. Blog at WordPress.com. Follow “The Emperor's New Clothes”. Get every new post delivered to your Inbox. Build a website with WordPress.com.

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