New loan mod program aimed at seconds – Changes also proposed for FHA refi program – BY INMAN NEWS  ———— Second Mortgages: Treasury has new mortgage incentives: official – The U.S. Treasury Department will on Tuesday tap a $50 billion housing rescue fund to pay off mortgage investors and [...]

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Will Dismal 2008 Give Way to a Banner 2009?

see full size charts and article at US Banker

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  Contract Extends GSE Access to $40bn in Originations – DIANA GOLOBAY – Lenders One Mortgage Cooperative, a national alliance of mortgage bankers, today announced the extension of its contract with Fannie Mae (FNM: 0.75 0.00%) as a preferred investor, allowing continued access to the competitive pricing inherent in the [...]

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“tangible common equity” ratios – Questioning Wall Street’s Favorite Bank Benchmark – …  But a few holdouts — including Warren Buffett, perhaps the nation’s most famous investor — are suggesting this fascination is overdone. … – DealBook NY Times

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Mark to Market Accounting Is Still Out Of Control And Is Spreading To Main [...]

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