More on NCUA's non disclosure of info in putting 2 huge credit unions into conservatorship:  A Letter to NCUA, re: The Math on the $9 Billion Credit Loss Estimate - An Open Letter To: NCUA Board Members  From: Chip Filson  - CreditUnions.com  ------------ DOUBLE-DIPPERS - CITI, BOFA BUYING BACK LAUNDERED LOANS AT LOWER RATES - ... Both Citi and BofA each have received $45 billion in federal rescue cash ...   But the banks' purchase of so-called AAA-rated mortgage-backed securities, including some that use alt-A and option ARM as collateral, is raising eyebrows  ... One Wall Street trader told The Post that what's been most puzzling about the purchases is how aggressive both banks have been in their buying, sometimes paying higher prices than competing bidders are willing to pay. ... - NY POST  ------------    Markets Are Working: CA Home Sales Increase +83% in February As Home Prices Fall By -41% - Mark Perry - Carpe Diem Blog ------------ MBA fires 20, plans furlough - Rolfe Winkler - The Mortgage Bankers Association continues its downward spiral.  Last summer OA wrote about the association’s albatross: brand new HQs constructed, at the top of the market, by former President and CEO Jonathan Kempner.  Not helping matters was MBA’s trouble finding tenants to fill the 60% of the building they don’t occupy.  An MBA spokeswoman wouldn’t comment on how much of the space has been filled.  To cut costs, MBA reduced headcount by 20 this week, including four vice presidents.  - Option Armageddon ------------ IMPORTANT:  Freddie Mac's Duel With Regulator: Does It Report Government's Role in Its Losses? - By Zachary A. Goldfarb - ... This ambiguity over Freddie's status has at times also made it difficult for the company to reduce mortgage interest rates and to hire and hold on to top executives. ... Now these unresolved questions about Freddie Mac's status are driving the dispute about what it should disclose as a publicly traded company listed on the New York Stock Exchange. ... -  Washington Post