Current expectations for future interest rates – Scott Grannis – Here is Bloomberg’s calculation of where the market expects Treasury yields to be in 1, 2, and 5 years (current yields are shown in the red line at the bottom, 5-year forward yields in the [...]

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Some folks in the business seem to be pretty clever at both naming websites and structuring deals. See for yourself  I don’t know enough about this business to make a judgment about this advertising campaign. I think that it’s the standard mortgagee letter from HUD…but they appear to be stretching the guidelines. Just like the [...]

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  Thanks to Paul and BOM Capital for providing this information. Redwood Trust has filed a preliminary term sheet with the SEC to issue the first non-agency RMBS with newly-originated loans in nearly two years.  The issuer, a REIT, is offering $222 mm senior AAAs and retaining the subordinated tranches, as has been [...]

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  The Great Housing Recession Continues – Thomas F. Cooley and Peter Ruper – … The behavior of the housing sector over this recession is unlike anything in recent history. This can easily be seen in the first figure below, which shows the [...]

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