Entries from June 2009

More on MI news, investors & tax credits; The Fed announcement

June 25th, 2009 · No Comments

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Yesterday I had a showering discussion with my 17-yr old son. Specifically, I asked him why, as it seemed to me, he hadn’t showered since around Easter. He explained that in Biology class they had learned that every animal has a certain set of resident flora and fauna on their bodies, and bathing was actually [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

Government: Barney the Underwriter, Buy China, Feds & BofA, Who’s the boss?, Government & Automobiles, Proprietary Reverses

June 24th, 2009 · No Comments

  1.  Barney the Underwriter – Telling Fannie Mae to take more credit risk. Now there’s an idea. – Back when the housing mania was taking off, Massachusetts Congressman Barney Frank famously said he wanted Fannie Mae and Freddie Mac to “roll the dice” in the name of affordable housing. [...]

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Tags: Mortgage Market

Securities and Derivatives: More on Amherst CDS deal, S&P Downgrades More, Famous CSFB Chart Relook, Derivative Oversight Agreement, ETF Dangers

June 24th, 2009 · No Comments

     and   1.  More on Amherst CDS deal:  How to lose on a sure-fire bet – James Hamilton – great commentary – For my money, the first rule we need would be a law, not a rule, that notional not exceed actual.  Barring that, here’s another rule I trust: [...]

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Tags: Mortgage Market

MI back in the news; applications up last week, rates unchanged awaiting Fed announcement

June 24th, 2009 · No Comments

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All eyes were on the radiant bride as her father escorted her down the aisle. They reached the altar and the waiting groom. The bride kissed her father and placed something in his hand. The guests in the front pews responded with ripples of laughter and even the priest smiled broadly. As her father gave [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman