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Wells Fargo (WFC) Kicks The Can By Transofrming Option ARM Mortgages Into Interest Only

Fri, 06 Nov 2009 17:31:26 GMT

If you are not familiar with what an option ARM mortgage is, read this piece (Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs?)). I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006. Interest only mortgages? Yep I knew about those.[More...]

5 C's Of Credit

Sun, 01 Nov 2009 16:01:18 GMT

Before the era of Frankenstein Finance and the fanatical focus on fee-based income, lenders tried to hold themselves out as models of probity (for the skeptics out there, I did say "try."). Those responsible for making credit-granting decisions and looking after the interests of shareholders also demanded that borrowers meet certain standards before they would see even a dime of their employers' money.[More...]

Sharp Rally Reclaims Much Of Recent Decline

Fri, 30 Oct 2009 00:11:36 GMT

The market had a very strong snapback rally on Thursday from a deeply oversold condition. The day started with a gap up. They pulled back, tested the intraday moving averages successfully and then exploded to the upside. At that point they settled into a shallower angle of ascent, but nevertheless stair-stepped their way higher all day. They did pull back in the last hour, but in the last 10 minutes snapped back once again to close not far off the session highs.[More...]

Is Citi (C) Being Forced To Downsize By Obama?

Tue, 27 Oct 2009 16:03:40 GMT

It seems that not a day goes by when you don’t hear about some asset sale in Citigroup’s far-flung empire. Of all the major too-big-to-fail institutions, it is easily the most troubled: the poster child for everything that is wrong in finance in America.[More...]

Mortgage – What Mortgage?

Tue, 27 Oct 2009 05:16:48 GMT

I have discussed in previous writings and even in some videos many months ago about what we now know regarding the mortgage industry (not that it is a frigging mess, that we ‘all’ know). Instead I am referring to how mortgages have been sold, packaged with others, sold again, split up amongst different pools and sold again and on and on. Your mortgage with a bank is nothing more than a piece of paper (and sometimes there is no paper!) that is traded, sold, and capitalized on by the banks leveraging against your home by such high amounts that even some loan sharks are envious of the banks.[More...]

Late Morning Rollover!

Mon, 26 Oct 2009 23:26:36 GMT

The indices started the week on a negative note, but it sure was different in the morning. The day started out with a sharp move up, testing the highs on the Nasdaq 100, forming a triple top of sorts there, but couldn’t punch through. The S&P 500 at the same time reached as high as 1092 and tagged is 4-day declining tops line, but failed there as well. They then sold off very sharply in late morning trade, with the NDX dropping from 1778 to 1740, a 38-point drop in less than an hour, and the SPX dropping 25 ,from 1091 to 1066.[More...]

Dave Fry's Market Comments For Oct 23, 2009

Sat, 24 Oct 2009 02:11:23 GMT

MARKET COMMENT October 23, 2009 HIGH VOLATILITY = GREED & FEAR Volume increased again as earnings, both good and bad were reported. Markets gapped higher and then immediately the selling started. Wednesday’s late day selling was attributed to much traveled analyst Dick Bove’s weird comments regarding WFC. Yesterday those sentiments were quickly reversed as markets skied.[More...]

Should You Move in on New Mortgage REITs?

Fri, 23 Oct 2009 12:53:53 GMT

What sets some mortgage REIT IPOs apart from the others.[More...]

Wall Street Gains On Strong Earnings, Travelers Co. (NYSE: TRV) Soars

Thu, 22 Oct 2009 22:13:52 GMT

US stocks finished with solid gains on Thursday as stronger-than expected corporate earnings reinforced investor optimism.[More...]

Closing With A Bang!

Thu, 22 Oct 2009 21:42:07 GMT

The indices ended with a bang on Thursday, but they started out much differently. The indices dropped sharply at the opening and went to new pullback lows. They were short-term oversold at that point, at key trendline support on the Nasdaq 100 and just below key initial support on the S&P 500. They rallied back in a 5-wave advance, with the 5th wave being the sharpest that took the indices to key overhead resistance, only backing off in the last half hour.[More...]

Business surfaces to maintain troubled commercial properties

Fri, 06 Nov 2009 23:50:00 GMT

Nov. 6--TAMPA -- Consumers may not realize it, but shopping centers throughout the Bay area -- even some that appear successful -- are teetering on foreclosure.
Such foreclosures could ripple across the economy in a way that some economists say would make the residential real estate bust pale in comparison.
CB Richard Ellis, the world's largest commercial real estate firm, is launching a new division to concentrate on receivership for commercial properties.

: iStockAnalyst.com Symbols Feed

Wells Fargo (WFC) Kicks The Can By Transofrming Option ARM Mortgages Into Interest Only

5 C's Of Credit

Sharp Rally Reclaims Much Of Recent Decline

Is Citi (C) Being Forced To Downsize By Obama?

Mortgage – What Mortgage?

Late Morning Rollover!

Dave Fry's Market Comments For Oct 23, 2009

Should You Move in on New Mortgage REITs?

Wall Street Gains On Strong Earnings, Travelers Co. (NYSE: TRV) Soars

Closing With A Bang!

Business surfaces to maintain troubled commercial properties

St. Louis Post-Dispatch, David Nicklaus column: The federal bailout of banks may not be as costly as feared

County will refund part of grocery bill

Bank of the West losses continue

Carlsbad job fair expected to draw 100 companies that are hiring

Bank of the West losses continue

Responsible competitiveness report to be launched soon - Al-Ali

Laid-Off Workers Remain in Recession's Grip

Laid-Off Workers Remain in Recession's Grip

Bank of New York CEO Not Interested in BofA Job

Wells Fargo Named Best Consumer Internet Bank in North America by Global Finance Magazine

Latest Wells Fargo Survey: Expectations for Increased Revenues Improve Small Business Owner Optimism

Marlin Business Services Corp. Reports Third Quarter 2009 Results

Corporate Office Properties Trust Reports Third Quarter 2009 Results

Washington Trust Announces Third Quarter 2009 Earnings

Galtstock Buy, Sell, Hold Portfolio New Recommendation Tomorrow

Wells Fargo Expands Commercial Banking in Anaheim

Wells Fargo Aims to Reduce Its U.S. Based Greenhouse Gas Emissions By 20 Percent

Former President Rejoins National Wind Solutions

Exterran Partners Agrees to Acquire Additional Assets From Exterran Holdings and Receives Commitment for New Asset-Backed Securitization Facility

Form 4 WELLS FARGO & CO/MN For: Oct 24 Filed by: STUMPF JOHN G (10K)

Form 4 WELLS FARGO & CO/MN For: Oct 24 Filed by: OMAN MARK C (10K)

Form 4 WELLS FARGO & CO/MN For: Oct 24 Filed by: HOYT DAVID A (10K)

Form 4 WELLS FARGO & CO/MN For: Oct 24 Filed by: ATKINS HOWARD I (10K)

Form 4 WELLS FARGO & CO/MN For: Oct 22 Filed by: HOYT DAVID A (10K)

Form 4 WELLS FARGO & CO/MN For: Oct 22 Filed by: OMAN MARK C (10K)

Form 4 WELLS FARGO & CO/MN For: Sep 28 Filed by: Modjtabai Avid (10K)

Form 4 STUMPF JOHN G For: Oct 10 (10K)

Form 4 OMAN MARK C For: Oct 10 (10K)

Form 4 HOYT DAVID A For: Oct 10 (10K)