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Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Fri, 04 Dec 2009 04:14:41 GMT

The Federal Reserve's balance sheet declined by $15 billion to $2,183 billion from the prior week, after the Fed presumably offloaded $2.7 billion in MBS: this is the first time since QE started that MBS holdings have declined. If anyone can tell us just who the idiots are who bought MBS from the Fed (and at what price), and who the even greater idiots are who are supposed to believe this, please send us an email.[More...]

Home Prices Continue To Rise

Tue, 24 Nov 2009 18:28:53 GMT

This morning the S&P Case-Schiller index was released. The Composite 20 index (C-20), which covers 20 of the largest metropolitan areas in the country rose by 0.27% on a seasonally adjusted basis (home prices are seasonal, so the adjusted data is what you should be looking at -- most of the press makes a mistake by focusing on the unadjusted data, thus these figures might vary from what you read elsewhere). That was the fourth straight increase. The Composite 10 (C-10) index, which is a subset of the Composite 20, but which has a longer history, posted a 0.36% increase for the month.[More...]

The Struggles Continue For Fannie Mae And Freddie Mac

Wed, 18 Nov 2009 16:55:00 GMT

It appears, our government thinks the Fannie (FNM)/Freddie (FRE) experiment is working well despite evidence to the contrary. Below are some facts about Fannie Mae and Freddie Mac posted by Bloomberg which show the struggles of Fannie & Freddie:[More...]

Mortgage Delinquencies Still Rising

Tue, 17 Nov 2009 20:07:02 GMT

This morning Trans Union, the big credit bureau, released its quarterly report on mortgage delinquencies, and it was not pretty. Nationwide, 6.25% of all residential mortgages were at least 60 days past due in the third quarter, up from 5.81% in the second quarter and 3.96% a year ago. This was the 11th straight quarter that delinquencies increased.[More...]

Bears In Trouble? Super Dividends

Tue, 17 Nov 2009 19:43:26 GMT

It looks like the markets are wanting to go up, or, it looks like those who control the direction of the markets are working their plan and heading for DJIA 11,000 or higher from here.[More...]

More Mortgage Follies

Thu, 12 Nov 2009 14:11:48 GMT

Fannie Mae is out with another ill-considered program to let foreclosed property owners rent their homes and once again Felix Salmon is giddy over the prospect. Felix and I have been around the block on this one before. Here is a link to one post of mine which also has links to another post as well as to Felix’s posts.[More...]

Credit Market Overview - 11.12.2009

Thu, 12 Nov 2009 12:41:29 GMT

Toll Brothers Inc. (TOL) was the Belle of the Ball yesterday with news of orders surging 42%, cancellations slowing and revenue beating analysts’ estimates. “The improvement in consumer confidence over the past year, the increasing stabilization of home prices, the decline in unsold home inventories and ...[More...]

Fannie, Freddie, And Feddie?

Wed, 11 Nov 2009 15:34:41 GMT

Will the Federal Reserve System join the ranks of other government public supported agencies like Fannie Mae and Freddie Mac? One could argue that they are on the verge of such ignominy. Never before has the Federal Reserve been under such attack and from all sides. The attacks have gotten so severe that the subject even made the front page of the New York Times today. (See “Under Attack, Fed Chief Studies Politics,” http://www.nytimes.com/2009/11/11/business/11fed.html?hp.) The legislative attack on the Fed continues with the new proposals on financial regulation coming from the Senate Banking Committee.[More...]

Fannie And Freddie Own Sty Town?

Tue, 10 Nov 2009 22:09:49 GMT

Stuyvestant Town in NYC looks like a default about to happen. This was a $5.4 billion mega RE deal from November of 2006. There is a $3 billion 1st mortgage. I think that Fannie and Freddie own close to half of that.[More...]

Wall Street Closes Higher, General Electric (NYSE: GE) Rallies

Fri, 06 Nov 2009 23:14:45 GMT

US stocks finished higher on Friday as investors shrugged off disappointing government data showing the unemployment rate hit 10.2 percent in October - the highest in 26-1/2 years.[More...]

Fed moves to drain some money out of economy

Mon, 30 Nov 2009 19:50:00 GMT

WASHINGTON - The Federal Reserve is fine-tuning a strategy to reel in some of the unprecedented amount of money that's been pumped into the economy during the financial crisis.
The Federal Reserve Bank of New York said Monday that investors and others shouldn't conclude anything about when the central bank will reverse course and start boosting interest rates and removing other supports to fend off inflation.
That's when the Fed sells securities from its portfolio, with an agreement to buy them back later.

: iStockAnalyst.com Symbols Feed

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Home Prices Continue To Rise

The Struggles Continue For Fannie Mae And Freddie Mac

Mortgage Delinquencies Still Rising

Bears In Trouble? Super Dividends

More Mortgage Follies

Credit Market Overview - 11.12.2009

Fannie, Freddie, And Feddie?

Fannie And Freddie Own Sty Town?

Wall Street Closes Higher, General Electric (NYSE: GE) Rallies

Fed moves to drain some money out of economy

Fed moves to drain some money out of economy

James Overstreet: No plans to pay the mortgage? Expect economy to keep sinking

Community Bank of Lemont: Two founders buried by institution's death: Richard Meade, William Brower blame regulators for the loss of their investments and potentially big profits

UPI NewsTrack Business

UPI NewsTrack Business

Fannie Mae to tighten lending standards

Price report shows area home prices stronger: 27% of mortgaged realty 'underwater'

Boulder County home values see first annual drop in 21 years

Valley home prices continue to flatten: Year-to-year decreases getting better each month

Frontier State Bank Selects Kroll Factual Data to Provide Independent Verifications

Anworth to Make Presentation at FBR Capital Markets 2009 Fall Investor Conference

Fremont Bank Increases Market Share Ranking for Home Mortgage Originations for Third Straight Year

TFS Financial Corporation Announces Fourth Quarter and Year Ended September 30, 2009 Financial Results

First Advantage Bancorp Announces 2009 Third Quarter Earnings

Centerline Holding Company Reports Third Quarter 2009 Financial Results

Annaly Capital Management Announces Monthly Commentary for October

ATS Corporation Announces Financial Results for the Third Quarter Ended September 30, 2009

Bimini Capital Management Declares Two Dividends and Announces Third Quarter 2009 Results

RidgewaterEquity.com Free Fundamental Sector & Market Research on FNM, KGC, HCN, SD, MVL and INO

Form 3 FEDERAL NATIONAL MORTGAG For: Nov 17 Filed by: Plutzik Jonathan (10K)

Form 3 Edwards Terence W For: Sep 14 (10K)

Form 4 Harvey Frederick Barton For: Aug 27 (10K)

Form 4 FEDERAL NATIONAL MORTGAG For: Aug 12 Filed by: WILLIAMS MICHAEL J (10K)

Form 4 Senhauser William B For: Aug 12 (10K)

Form 4 Hisey David C For: Aug 12 (10K)

Form 4 Lund Thomas A For: Jun 30 (10K)

Form 4 FEDERAL NATIONAL MORTGAG For: May 21 Filed by: BACON KENNETH J (10K)

Form 4 Benson David C For: May 11 (10K)

Form 3 Phelan Kenneth For: Apr 21 (10K)