CreditSights Defends its Bleak Outlook for Monolines - … following criticism from bond insurer Ambac over its most recent assessment. In a note to readers, CreditSights said it felt Ambac mischaracterized exactly what the CreditSights analyst said. - Research Recap
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Fannie, Freddie Appraisal Agreement May Violate Law - Dawn Kopecki - Fannie Mae and Freddie Mac’s agreement to restrict banks from using in-house appraisal companies may violate federal law, U.S. Comptroller of the Currency John C. Dugan said in a letter to the companies’ supervisor. - Bloomberg
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Paying back taxes to acquire home has downside - Despite winning bid, it’s possible for owner to retain control - Ilyce Glink - Inman News
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Inflationary Expectations Are Deflating? - Mark Perry - Carpe Diem
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very interesting: Hope On The Horizon: The Case for Optimism - MIT Researchers Point to Potential Economy-boosting Technologies (link) - Mark Perry - Carpe Diem
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Sambol Out After Countrywide/BofA Merger - Buried in a press statement from Bank of America Corp. earlier Wednesday that discussed the company’s new consumer banking structure in a post-Countrywide-merger… - Paul Jackson - housingwire
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Alt-A Problems Grow, While Subprime Takes Turn for the Worse - … The number of troubled Alt-A borrowers in the 2007 vintage rose an eye-popping 26.5 percent from March to April alone, nearly reaching 17 percent of loan volume. … - Paul Jackson - housingwire
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MR Mortgage - Investors Putting Bad Loans Back To Lenders - This Is Only The Beginning.-
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THE RELATIONSHIP BETWEEN CREDIT SCORING AND DELINQUENCY - thanks Susan Kulakowski - DBRS
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I thought your readers might be interested in this article about reps and warrants liability in the industry. - WSJ - thanks to John Schiavo and Margaret Kendall for pointing this out
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Robert Steel Remarks on Subprime Lending and Financial Literacy - speech by Under Secretary for Domestic Finance Robert K. Steel Remarks, before the President’s Advisory Council on Financial Literacy Subcommittee on the Underserved. - riskcenter.com
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Fair-Value Accounting Works Well, But Is Not Perfect - Fair value accounting offers users of financial statements the most relevant measure of a company’s fiscal health, but improvements must be made to address its shortcomings, according to a panel of speakers at a Standard & Poor’s Ratings Services conference held on May 15 in New York. - RiskCenter Staff
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interesting thoughts about oil - The Oily Mess and Financial Markets - David Kotok - Cumberland Advisors
posted by Bill Coppedge
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