(FFB) Tim’s Bank Looking at 20% Haircut – Bruce Krasting - The Federal Financing Bank makes loans to Government Agencies. FFB is owned by Treasury and Tim Geithner is the Chairman of this outfit, As of the end of August this bank had a balance [...]
Entries from September 2010
Debt, Default, and Markets: FFB Problems, Krugman on Default, Spending vs Income, Bond Mania Slide Show, Bill Gross on New Normal
September 29th, 2010 · No Comments
Tags: Mortgage Market
New pre-election refi plan; Rate sheet rates moving lower along with profit margins; Wells exec speaks out on mortgage future
September 29th, 2010 · No Comments
Yesterday the University of Texas went into a lock-down status due to a gunman. This has nothing to do with mortgage banking, other than remind me of what “humor” is like in a trading desk environment. Someone from Texas A&M wrote and said, “Of course no one besides the gunman got hurt – he was [...]
Tags: Commentary · Mortgage Market · Rob Chrisman
Mortgages and Housing: Stop Paying Your 2nd, Home Sales, Clayton Testifies, Home Prices, Default
September 28th, 2010 · No Comments
Home Values Up Disputed advice: Making payments on 2nd loan can discourage bank from helping on the first one – By Kenneth R. Harney - Are you delinquent on your first mortgage but still making monthly payments on your home-equity credit line or second mortgage? If [...]
Tags: Mortgage Market
Our Government Affecting You: GM at $133.78, Politics of Resentment, Spying in America, Dodd-Frank vs Basel III, 3 on QE2, Trade War, Fed Bullets, Krugman on Default
September 28th, 2010 · No Comments
Gov’t needs $133.78 a share to recover GM money – Watchdog says US government must sell GM for $133.78 per share to get back bailout money – AP Yahoo Finance ———— list of 7 - The Politics of Resentment – [...]
Tags: Mortgage Market
