Entries from January 2009

MortgageNewsClips: Treasuries Plunge, Fair-Value Section, Small Banks, Next Bailout, Alt-A Wild Card, MBS Purchase – Yes & No, Second Scandal, FHLBs, FN Layoffs, Cram Downs = Downgrades

January 25th, 2009 · No Comments

Treasuries Plunge, Led by 30-Year Bonds, as Debt Auctions Loom – Dakin Campbell – Treasuries fell, with 30-year bonds losing the most this week in 22 years, as the U.S. readied $78 billion in debt sales over the next five days to finance fiscal stimulus spending projected to swell the deficit to $1 trillion. – [...]

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Tags: Commentary · Mortgage Market

Video: I Want Some TARP – by Bill Zucker

January 24th, 2009 · No Comments

This was shown on CNBC and Fox Business News. 

Thanks to CR at Calculated Risk for hat tip. 

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Tags: Mortgage Market

MortgageNewsClips: Feng Shui, Hudson City, Vernon Hill, Parsons at Citi, Bailout Chart, 99 Days, Peter Miller on Dow, Loan Mod Alternative, Liquidity vs Solvency, Deflation, 3.99% at Toll Bros., Trouble Ahead, RBS, HPI, Dissecting Foreclosure. TARP to Common, Martin Sosnoff

January 24th, 2009 · No Comments

 

Attention Options Traders … Sell Volatility Now! – Feng shui masters see calmer markets in Year of the Ox -… “This year of the Ox is an ‘earth’ year, when people will take a breather and reflect on what they should do after a turbulent 2008,” said Hong Kong feng shui master Raymond Lo.  … [...]

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Tags: Mortgage Market

Fun with pricing mortgages, Fannie versus Freddie, the Fed, and the Fannie Gold Book

January 23rd, 2009 · No Comments

fun-with-pricing-mortgages-fannie-versus-freddie-the-fed-and-the-fannie-gold-book

So your Secondary department is getting heat from the brokers or agents about pricing. And your Secondary staff says, in addition to the profit margins the owners want, there is the spread between best efforts and mandatory loan sales that investors are charging. “Well over a point, maybe even two points now,” they claim, “that’s [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman