UK – Lloyds Plans to Issue Mortgage-Backed Securities – Wall Street Journal ———— Restarting securitization vital to recovery – IMF – hat tip Marty Rosenblatt -  … The IMF also cautioned that some proposals aimed at tightening regulation of these securities may be too simplistic [...]

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  Housing Suffering Relapse Confronts Bernanke Credit Conundrum – By Kathleen M. Howley and Rich Miller – The recovering housing market may be heading for a relapse … consider ending support for the source of the global financial crisis. … studying whether to let a first-time home buyers’ tax credit [...]

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Guy at the bar: “I drink to forget’

Other guy: “Me too. Why do you?”

That is a reminder that no one should forget that the economy moves in cycles. Tomorrow we will have the conclusion of the FOMC meeting, and the statement is widely expected to indicate an improved growth prospect for the economy but certainly [...]

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     prepayment speed risk: Ginnie Mae MBS seen vulnerable to FHA loan losses – By Julie Haviv – Reuters ———— California: The Real Estate Recovery of … 2030 – By Paul Kedrosky – When will collapsed U.S. real estate prices regain their prior peaks? Moody’s has out [...]

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