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Question: what do boxing and ResCap have in common?

Answer: we have no idea. But we do know that Josh Weintraub — the Bear Stearns expat recently appointed to the board of directors at troubled lender Residential Capital LLC — has one hell of a right hook. Apparently, at some point in the past, Weintraub got in the ring (for charity, natch) with Shane Kinahan at Goldman Sachs. And Weintraub kicked some serious Goldman tail, to some strong profanity and chants of “Bear Stearns” from the raucous crowd. Something tells us Goldman’s laughing now. But we digress. This video is priceless – and we thought it was a fitting introduction of ResCap’s newest board member, given that the company he’s now helping direct is in for the fight of its life.

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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