Hints and tips:
...that most mortgages are now fixed....
...The first of these is that most mortgage market people do not believe it is possible to sell Fannie and Freddie mortgage-backed securities without a government “wrap”....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Most unlikely....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Open question. Depends if he injects a major fiscal stimulus....
...Last month, the Association of British Insurers stated: “This industry report cannot give commitments that particular products will be developed....
...- Felix Salmon on DeMarco v Geithner - Finance must escape the shadows. - ECB Q&A: will we see a big bazooka or pea-shooter on Thursday? - Fed in the dark on jobs....
...Masterpieces of Chinese Painting: 700-1900, edited by Zhang Hongxing, V&A Publishing, RRP£40/$60 The world’s oldest painting tradition explored in the glorious catalogue to the V&A’s current, once-in-a-lifetime...
...Claire Robinson, a managing director in the structured finance business at Moody’s, said: “Post-financial crisis, the environment has changed....
...Fannie Mae and Freddie Mac, the government-sponsored mortgage guarantors, and private investors who own mortgage loans were also mentioned as possible providers of cash in the scheme....
...Comment, analysis and other offerings from Thursday’s FT, John Gapper: Take Fannie and Freddie off the road What does a failed mortgage giant have to do to get some attention these days?...
...But, says Lex, at least BofA’s mortgage woes now look more manageable....
...Fannie Mae and Freddie Mac, the US government-backed mortgage lenders, have lost $226bn since mid-2007, according to a government report on Thursday, reports the FT....
...In particular, adds the news agency in a separate report, Republicans will try to rein in financial regulators and press for a smaller federal role in the mortgage market....
...Fannie Mae said on Monday it would need an extra $8.4bn in aid, as the US government-controlled mortgage finance company continued to suffer heavy losses on its bad loans....
...A judge in Regina v....
...The Federal Open Market Committee on Wednesday decided to shave $25bn off the planned $200bn purchase of debt issued by state-owned mortgage giants Fannie Mae and Freddie Mac....
...Goldman Sachs is in talks to buy millions of dollars of tax credits from state-controlled mortgage giant Fannie Mae, but the potential deal is running into opposition from the US Treasury, which could block...
...The loss was due mainly to $22bn of credit expenses as the state-owned US mortgage giant built its loss reserves against mounting mortgage defaults....
...Companies such as Goldman and Berkshire could use the credits to offset federal tax expenses....
...AIG, the insurer that came close to collapse last September, has soared 150% since Aug 3, while government-run mortgage financiers Fannie and Freddie have both gained nearly 250%....
...Whether the recovery is V-shaped, as consensus believes, or U-shaped and anaemic as I have argued, asset prices should be moving gradually higher....
...- Rogoff: “The fault lies not in Lehman, but in ourselves…” - V-shaped revenue recovery combined with L-shaped capex growth. - Will commercial real estate woes sink pensions?...
...- Modelling Fannie Mae and Freddie Mac – Part V. - Good news: bank robberies are down. - Running low on ammo. - Lending standards tighten, loan demand weakens....
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