Insight from the Center of the Mortgage Crisis
2008-11-20 14:45:24
Really interesting webcast by Thornburg Mortgage at the Wall Street Analyst Forum conference this week. Fascinating discussion of the reality inside a mortgage company. Some salient points. * Their own underwritten portfolio of loans is performing pretty well, with better than average serious delinquency numbers. * Their worst part of their portfolio by far was purchased wholesale from a Californian mortgage bank. * They believe that their portfolio write-downs, per mark-to-market, have been considerably in excess of true value. They are expecting significant write-ups in the future. Suggesting, that their issues are liquidity rather than loan performance. Great view inside of a company near the eye of the storm.
Insight from the Center of the Mortgage Crisis
2008-11-20 14:34:45
Really interesting webcast by Thornburg Mortgage at the Wall Street Analyst Forum conference this week. Fascinating discussion of the reality inside a mortgage company. Some salient points.- Their own underwritten portfolio of loans is performing pretty well, with better than average serious delinquency numbers.
- Their worst part of their portfolio by far was purchased wholesale from a Californian mortgage bank.
- They believe that their portfolio write-downs, per mark-to-market, have been considerably in excess of true value. They are expecting significant write-ups in the future. Suggesting, that their issues are liquidity rather than loan performance.
Response Biomedical - a featured webcast from Rodman & Renshaw's Conference
2008-11-20 14:16:11
Here is just one of the webcast's from last week's Rodman & Renshaw Conference, an enormous - and enormously successful - investor event with over 500 companies. Click here to listen. Rodman has historically specialized in Life Sciences, and this is really interesting presentation from Reponse Biomedical, a small Canadian firm focusing on Cardiac disease and Infectious diseases. This is a company we interviewed back in March in TWST too - you can read the interview here.
Jim Rogers on Emerging Markets
2008-11-19 14:19:59
Really a common sense expert on the development and investment opportunities in emerging markets - most especially China. He now lives in Singapore. Listen here to his keynote speech last night at the Roth Capital China conference in Las Vegas. His career advice to parents in the West is have them teach their children Mandarin. He likes the Remnimbi. Hates bonds. Likes commodities. Definitely worth a listen.