Intro, thoughts & Fieldstone latest victim of subprime turmoil

Good morning fellow Blown Mortgage readers! I am very excited to write to everyone today with my thoughts and opinions. First of all, thanks to Morgan for the opportunity to contribute. I look forward to feedback from everyone as we all navigate this "crisis" together. Hot off the presses! Fieldstone Mortgage Company's wholesale group has reportedly shut down. Surprise, surprise! The 10 year Treasury yields dropped to the lowest level since February of 2005 yesterday, ending the day with a yield of 4.08%. Does this mean mortgage rates will follow? Only time will tell. It appears many of the Wall Street firms are still clueless on how to price some of their more risky mortgage-backed assets. In a perfect world, investment banks with loans on their balance sheets utilize something called "ma