The National Association of Realtors® (NAR) — a powerful voice in the U.S. housing arena — recommends moving toward a future where covered bonds could play a significant role in U.S. real estate financing.
This recommendation comes as part of a new NAR document on how best to restructure Fannie Mae and Freddie Mac, the [...]

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Premature? -  G-8 Plans to Reverse Stimulus as Rebound Signs Grow – By Simon Kennedy and Rainer Buergin -  Group of Eight finance ministers began drawing up contingency plans for rolling back budget deficits and bank bailouts as the economy shows signs of recovery and investors start worrying about inflation. – Bloomberg
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WaMu’s bad loans are $29 billion windfall for JPMorgan Chase – By Ari Levy and Elizabeth Hester – Bloomberg News – JPMorgan Chase stands to reap a $29 billion windfall, thanks to an accounting rule that lets the second-biggest U.S. bank transform bad loans it purchased from Washington Mutual into income. – Seattle Times
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Securities [...]

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legal interpretation and contract law – MBIA CEO Cites ‘Ineligible’ Debt as Source of Relief – Jody Shenn -   … About 66 percent to 80 percent of the Armonk, New York- based company’s losses on second-mortgage bonds and mortgage- related collateralized debt obligations, its two worst insurance categories, are tied to collateral that was [...]

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