Remarks by President Obama and President Hollande of France after Bilateral Meeting
Oval Office 12:35 P.M. EDT PRESIDENT OBAMA: Well, it is my great pleasure to welcome President Hollande to the United States, to the Oval Office, and this evening to Camp David. We all watched the remarkable election, and I offered him hardy congratulations and assured him that the friendship and alliance between the United States [...]
MBS RECAP: Slightly Bumpy Ride Late, But Important Level Holds
Posted To: MBS Commentary
MBS Live : MBS Afternoon Market Summary 104-16 Turned out to be an important level for Fannie 3.5’s today. There’s more than the usual amount of content in the ‘alerts and updates’ section below if you’re looking to get caught up on how it played out. Long story short, bond markets held [...]
Mortgage Rates Lower Still, But Progress Is Slow
Posted To: Mortgage Rate Watch
Mortgage Rates improved marginally from yesterday’s new all-time lows. Without any major scheduled events to digest, bond markets were left to their own devices and paid a decent amount of attention to a sell-off in stocks. When yields in the broader bond markets move lower, MBS (the “mortgage-backed securities” that most [...]
Real Estate Weekly – 5/18/12: Boscov’s returning to White Marsh Mall
Boscov’s will open a department store at White Marsh Mall in November, inside the same 197,000-square-foot store that it closed in 2008, along with two others in the Baltimore area, after filing for bankruptcy protection.
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Celebrity Real Estate: Seacrest and Ellen deal
The big real estate news in celebrity circles? Ellen DeGeneres finally sold her home, selling it to fellow star Ryan Seacrest, and Jennifer Aniston and Justin Theroux are renting in Beverly Hills while their modern home is renovated.
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Principal Reductions Won’t Solve the Mortgage Mess
Edward DeMarco, the temporary director of the Federal Housing Finance Agency, continues to endure blistering criticism for refusing to allow Fannie Mae and Freddie Mac to pay for large-scale principal reductions for underwater borrowers (those who owe more than their homes are worth) or to facilitate refinancings for those stuck with high interest rate mortgages. [...]
Eastern Europe’s ‘Ring of Defense’ Against Greek Exit
A "ring of defense" has to be built around eastern European neighbors Romania, Bulgaria and Serbia to help them cope with the fallout from a possible Greek exit from the euro zone, bankers said on Friday….(read more)
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Commercial-Mortgage Securities Spreads Soar to Widest of 2012 – Bloomberg
Commercial-Mortgage Securities Spreads Soar to Widest of 2012 Bloomberg Wall Street dealers are selling commercial-mortgage bonds with the widest spread this year as the European debt crisis and JPMorgan Chase & Co.'s trading loss rattles markets. Goldman Sachs Group Inc. (GS), Citigroup Inc. (C) and Jefferies Group Inc….(read more)
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James McNamara Named Managing Executive of SEC’s Division of Trading and Markets
FOR IMMEDIATE RELEASE 2012-98 Washington, D.C., May 18, 2012 — The Securities and Exchange Commission today announced that James P. McNamara has been named to the newly-created position of Managing Executive of the SEC’s Division of Trading and Markets. Mr. McNamara is currently an Assistant Director in the SEC’s Office of Financial Management. In his [...]
Mortgage Registry Now Includes all States, Federal Lenders
Posted To: MND NewsWire
The State Regulatory Registry, LLC (SRR) and the Nationwide Mortgage Licensing System (NMLS) have issued an Annual Report for 2011. The report notes that 2011 was the first year that all state mortgage regulatory agencies utilized NMLS to manage mortgage loan originator (MLO) licenses on the system. In addition, in January the [...]
Celebrity Real Estate: David Duchovny Checks Out a Classic 7 at the El Dorado
Californication star David Duchovny may be moving to the Upper West Side, according to the Post’s Jennifer Gould Keil .
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Corporate Bond Sales in U.S. Fall Most Since February on Greece – Bloomberg
Corporate Bond Sales in U.S. Fall Most Since February on Greece Bloomberg Corporate bond sales declined at the fastest pace in three months and relative yields climbed as concern that Greece would exit the euro and accelerate the European financial crisis lowered risk appetite in the US Kellogg Co. (K), the Battle Creek, ……(read more)
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Did Tim Geithner Just Tell Jamie Dimon to Resign from the Fed?
Treasury Secretary Tim Geithner appeared on PBS NewsHour Thursday night. Jeffrey Brown asked him whether JPMorgan Chase spacer CEO Jamie Dimon should resign from the board of the Fed. Here's the answer….(read more)
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MBS MID-DAY: Relatively Uneventful Despite Slight Weakness
Posted To: MBS Commentary
MBS Live : MBS Morning Market Summary As the trading day progresses, things are shaping up to be increasingly uneventful even though MBS are down 6/32nds. Reason being: everything has been well contained, and what little weakness we’ve seen has occurred in a rather orderly fashion and without major volume spikes. Bond [...]
Dog Fight: The Dyker Beach Dog Run is…
The Dyker Beach Dog Run is so sought-after that dog walkers from around the borough are busing packs of pooches to it, ruining the leash-free fun for everyone else by far-exceeding the three dogs per person limit.
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Madison County foreclosures up slightly in April, RealtyTrac says
Foreclosure filings edged up slightly last month in Madison County, compared with March, reflecting a statewide trend, according to RealtyTrac, a website that reports on foreclosure properties.
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At G8, Obama Will Urge Europe to Work Through Crisis
At G8, Obama Will Urge Europe to Work Through Crisis<br/>http://www.cnbc.com//id/47465362…(read more)
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Wall Street banks facing second-quarter slowdown: analyst
(Reuters) – Wall Street banks will report sharp declines in trading and investment banking revenues in the second quarter because of weaker client activity, JPMorgan analyst Kian Abouhossein said in a report on Friday….(read more)
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Facebook IPO Draws Highest Ever Retail Demand
Facebook IPO Draws Highest Ever Retail Demand<br/>http://www.cnbc.com//id/47475416…(read more)
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Fed’s Tarullo emerges as banks’ key federal foe on regulating risk
Daniel Tarullo , the Federal Reserve's point man on overhauling the financial system , has emerged as the most powerful figure wrestling with the nation's biggest banks to make them take fewer risks that could endanger the economy. Read full article >>…(read more)
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Bond Report: Treasury yields rise from record low
Treasury prices fall, pushing 10-year yields up from their lowest level in history, as traders take a breather after a nine-week rally. They await comments from global officials at the weekend's Group of Eight meeting….(read more)
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Europe thinks the unthinkable on Greece
BRUSSELS/LONDON (Reuters) – European officials are working on contingency plans in case Greece bombs out of the euro zone, the EU's trade commissioner said on Friday, while Berlin said it was prepared for all eventualities….(read more)
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Rally Sign? Market Most Oversold Since Financial Crisis
Stocks are at their most oversold levels since the doom days of the financial crisis and bound for a rally, according to one measure….(read more)
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When risk is outlawed
Rep. Jeb Hensarling (R-TX) Washington Times The news of J.P. Morgan Chase's recent trading loss has raised the cry of "I told you so" from proponents of the almost 2-year-old Dodd-Frank Act. They say the law's Volcker rule would have prevented such a loss and that without more regulation, financial institutions will continue to make [...]
Infographic: Will America Ever Recover from the Housing Crisis
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Infographic: Will [...]
