Words from the (investment) wise for the week that was (November 24 – 30, 2008)
The holiday-shortened Thanksgiving week brought investors an additional item to be thankful for when stock markets closed higher for five ... investment and $306 billion in asset guarantees. With credit markets still not thawing after ... billion of debt from Fannie Mae (FNM), Freddie Mac (FRE) and the Federal Home Loan Banks, and also [more...]
Date: 2008-11-30 07:45:19
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(C) Words from the (investment) wise for the week that was (November 24 – 30, 2008)
The holiday-shortened Thanksgiving week brought investors an additional item to be thankful for when stock markets closed higher for five ... investment and $306 billion in asset guarantees. With credit markets still not thawing after ... billion of debt from Fannie Mae (FNM), Freddie Mac (FRE) and the Federal Home Loan Banks, and also [more...]
Date: 2008-12-01 01:00:10
USRant: Blame the Tumour, Not the Patient...
I get really cheesed when people bang on about how the recent crisis represents a 'crisis of capitalism' or a 'failure of the free market' or some other such falderol. Every socialist twit on the planet is crawling out of the woodwork and proclaiming that the credit crunch and the ensuing decline in global equity markets, is a failure [more...]
Date: 2008-12-10 22:16:00
Words from the Wise
Weekly review of everything financial – courtesy of Prieur du Plessis, writing at his international investment blog, ... . With credit markets still not thawing after the introduction of various central bank liquidity facilities ... (FRE) and the Federal Home Loan Banks, and also purchase up to $500 billion of mortgage paper [more...]
Date: 2008-12-01 06:14:28
Second, and Possibly Third, Stimulus on the Way as Unemployment Poses Next Major Hurdle for the Economy
With gross domestic product plummeting and the jobless rate at a 14-year high, U.S ... have been reluctant to admit that this cycle, unlike 1998’s credit crisis, is imbedded in the real economy ... send you an important new report for free: “The Three Best Investments in Asia.” [more...]
Date: 2008-11-12 15:23:47
godai aku LAGI: The Fed works very hard to restore..
Fed loans to banks increase in latest weekHoldings of commercial paper grow by $16.5 billion, as credit crunch persists ... to commercial banks and investment firms over the past week, indicating that a severe credit crisis was still squeezing the financial system.The Fed released a report Friday saying commercial banks averaged [more...]
Date: 2008-11-30 10:44:00
Fed Announces $800 Billion in Homeowner, Consumer and Small Business Aid
The U.S. Federal Reserve and Treasury Department announced yesterday (Tuesday) ... below… Sign up right now, and we’ll send you an important new report for free: “The Three Best ... lenders: Fannie Mae (FNM), Freddie Mac (FRE) and Ginnie Mae. It will also buy another $100 billion [more...]
Date: 2008-11-26 15:26:47
Mortgage rates hit fresh 37-year low
Mortgage rates hit fresh 37-year lowBorrowing costs continue to fall, but that's failed to boost home buying.By Les Christie, CNNMoney ... to a weekly report released Wednesday.The average 30-year, fixed-rate loan issued to borrowers declined ... rate dropped from an average of 5.14% last week, which was the previous 37-year low. Freddie Mac (FRE [more...]
Date: 2009-01-07 20:24:00
Fannie, Freddie Reality Check: The Big Bailout Is Coming
CNBC's Diana Olick is writing Freddie’s Forecast Seems A Little Too Bright ... (FRE) would be able to withstand $40 billion worth of credit pain through 2009 (if it finishes ... was bigger than expected. Freddie Mac (FRE) posted a loss of $821 million for the second quarter, slashed [more...]
Date: 2008-08-07 02:44:45
And Then There’s This… Friday, September 12th, 2008
Gold gained about $10 in early morning trading in the Far East on Thursday, but that vanished the moment London opened, and the lows of the day were at the London p.m. fix. Silver's chart was similar. The HUI was down a bit, but gave it the old college try in its attempt to finish in positive territory [more...]
Date: 2008-09-12 14:33:31
Wall Street Breakfast: Must-Know News
Oil, stocks see red. For a change, stocks and oil fell in tandem Tuesday; the Dow dropped 1.1% to 11,651 while oil was off 0.97% to $113.32. Financials led the way down: JPMorgan (JPM) lost 9.5% after it took a $1.5B writedown on mortgage-backed assets, and warned conditions had substantially deteriorated. Goldman Sachs (GS) [more...]
Date: 2008-08-13 11:19:54
Banking Crises Around The World
Do government bailouts in times of banking crises work? Crises like this are manageable ... . Philippa Dunne & Doug Henwood of The Liscio Report highlight a major study of 42 fairly ... for disaster. This is a brief summary of the report (to which they provide a link) and their conclusions [more...]
Date: 2008-10-03 15:44:43
MortgageNewsClips: Ira’s Best Must Read, Loan Mods R Ezier, CU Rescue, 33 Act & Lawsuits, Only 4 Homes?, Right & Wrong, Diane Swonk, Chris Whalen, Denying Blame, 5 more
ANOTHER MUST READ - Ira Artman has a thoughtful post on the future of securitization and the revival of ... is foreseen. … - Reuters 2. Regulators preparing rescue of credit unions: report - Federal regulators are preparing a rescue plan to shore up the finances of some large credit unions, using [more...]
Date: 2008-12-11 01:54:43
Mortgage Fraud Is on the Rise, Infecting the GSEs
The Mortgage Asset Research Institute came out with its quarterly report which showed mortgage fraud is on the rise ... the "credit crunch". I just wanted to point out that the states which show the highest incidence of fraud ... amongst themselves. Instead, underwriters now need Fannie Mae (FNM) and Freddie Mac (FRE) to pass along [more...]
Date: 2008-08-28 13:03:37
Bailouts, bubbles, and bear markets
The bailouts have not halted financial institution failures, but have quickened the pace of failures. As the stock market bubble was bursting in 2000 I suggested that readers keep notes or a journal, because someday they would be telling their grandchildren about the bursting of the tech bubble and its aftermath [more...]
Date: 2008-09-30 14:55:49
Posts about Mortgage Market Report as of January 16, 2009
Drug and Alcohol Rehab - ahabloging.com 01/16/2009 Drug and Alcohol Rehab Drug abuse and alcohol abuse becomes more increasing from year to year, ... plums and and gingerbread. An article in the Boston Business Journal points out that The Federal Reserve’s latest beige book report (an analysis The Smell Of Panic In The Air For The Economy [more...]
Date: 2009-01-16 12:18:17
Can Wachovia Do Anything Right?
An analyst at RBC Capital Markets suggests Wachovia cut corners to join the trillion dollar asset club ... loans was 1.24%. In its latest annual report, Wachovia ... to see credit quality in C&I lending deteriorate in tandem with the general economy," wrote [more...]
Date: 2008-08-13 04:36:25
USRant: It's All Fun and Games...
A nother day, and yet another 200-point last-hour 'save'. It's getting a tad monotonous, but if the US government is so keen on destroying the long-term economic prosperity of its herd, then who are we to argue? This is one of the interesting things about These Times [more...]
Date: 2008-12-03 22:26:00
Thank Central Bankers for Higher Inflation
Another triple-digit swing for the Dow yesterday. The index shed 130 points a hefty jump in wholesale inflation brought Wall Street flighty optimism ... . He was reacting to news that government is primed to bailout Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE [more...]
Date: 2008-08-20 10:41:23
U.S. Economy in 2009, Pain Will Precede the Promise
If there’s a proverb that captures the outlook for the U.S. economy in the New Year, it’s the one that says: “It’s always darkest before the dawn ... recession, the ongoing credit crisis guarantees a contraction of the American economy by virtually ... outward. With the U.S. economy, that centerpiece is credit. The credit crisis has shaken [more...]
Date: 2008-12-29 15:15:51
Wall Street Breakfast: Must-Know News
H-P takes Q3 in stride. Tech bellwether Hewlett-Packard (HPQ) posted FQ3 earnings and revenue that beat analyst estimates, and affirmed its FQ4 outlook, dismissing concerns slowing Europe spending and a rising U.S. dollar threaten its growth. "At the end of the day, [more...]
Date: 2008-08-20 11:20:01
Fannie/Freddie Rescue Talks Intensify
A: Something that will affect all of us, when it happens ... , as investors appetite for Fannie credit risk diminishes. Should this spread widen to 125-150 basis ... points wider than yesterday: fnm-fre-yields-treasury.jpg *table courtesy of Vanguard Bond Yields [more...]
Date: 2008-08-07 15:49:36
Dow Zooms to Record Gain Yesterday on Reports The Government Will Reveal Banking Bailout Plan Details Early Today
U.S. stocks yesterday (Monday) staged their biggest rally since the Great Depression – with the Dow Jones Industrial Average soaring an all-time ... from the major financial nations to cooperate in getting the credit markets functioning again [more...]
Date: 2008-10-14 14:52:53
Credit Rating Agencies Duly Scrutinized
credit rating agencies investigation subprime crisis ... and analysis. Credit rating agencies came under heavy scrutiny Wednesday on Capitol Hill for the role ... of been in hiding. Like the high school student who hadn't completed his report yet, they slid under [more...]
Date: 2008-10-23 18:13:15
GSEs consider a plan to allow borrowers to refinance without the use of an updated appraisal
GSEs Look to Follow FHA’s Lead on Streamlined Refis by Paul Jackson of HousingWire ... %) and Freddie Mac (FRE: 0.68 0.00%). In particular, the GSEs are considering a plan to allow ... someone, rather than doing a loan mod, do they need a new appraisal if they already have the credit?” [more...]
Date: 2008-12-16 23:02:08
Some Interesting Thoughts and Articles on the Financial Mess
Posted by The Asian Badger on November 7, 2008 Forbes Magazine has a special issue out this week called “Intelligent Investing” ... in a dangerous boom-bust cycle that began with cheap credit and would end with collapsing home [more...]
Date: 2008-11-07 05:22:24
How This Crisis Could Make You A Fortune
By all reasonable measures, we are already in a recession, says Shah Gilani. Deflation has become today’s number one threat ... States drops into an actual recession, the ongoing credit crisis guarantees a contraction of the American [more...]
Date: 2008-11-10 15:19:21
Taiwan Insurers Directed to Limit Holdings of Agency MBS
Regulators in Taiwan ordered insurers to limit their holdings of Freddie, Fannie, and Ginnie Mae paper. The stated reason was that they could not assess the credit risk and could not rely on published ... and credit obligations of the US government. If you are worried about the payment risk on Ginnies [more...]
Date: 2008-10-24 05:17:10
Daily Report for Tue, Oct 28, 2008
I will start by reporting Asia-Pacific and European results because that is what has driven the DJIA futures up almost +400 points this morning ... traders as well as credit from their bankers, fared better. The Venture Board dropped -22 -2.64 [more...]
Date: 2008-10-28 12:27:24
Take A Load Off Fannie!
Since this is probably the last free quarterly Charleston Market Report I have been thinking hard about what to write about ... should be Phony Mae and Fraudy Mac. No I can not take credit for these nicknames. I ask [more...]
Date: 2008-07-29 22:14:00
The Biggest Bailout of All Time
The failure and subsequent government bailout of Fannie Mae and Freddie Mac has been no surprise to the Casey Research team ... market and revive the economy? The editors of The Casey Report weigh in with their thoughts… A Casey ... over the operation of Fannie Mae (FRE) and Freddie Mac (FNM) and to guarantee their debt [more...]
Date: 2008-09-10 20:43:00
Fear of Bank Failures Mean No Fed Rate Hikes
Claims that the worst of the financial crisis is over have been rubbished by ex-IMF Chief Economist , who yesterday warned that a major U.S ... (FRE) this week is generating more fear among investors. William says the financial meltdown [more...]
Date: 2008-08-20 15:11:08
Commodity Rebound, Global Rate Cuts, Stocks for the Long Haul, and More!
Huge trend reversal: Dollar busts, commodities boom… why, and will it last? Rate cuts round the world… U.S. and China slash, Japan considers. U.S ... from a lower-than-expected supply report from the Energy Dept., along with more rumors that Opec [more...]
Date: 2008-10-30 19:08:17
When will the Recession end? Here's a collection of opinions.
This is the subject of my Mini poll which I invite you to vote in just below my Web site clock to the right ... , they are preoccupied with cleaning up their balance sheets after seven months of credit turmoil [more...]
Date: 2009-01-04 07:44:00
The Affects of the Fed's Rate Cut on Consumers - December 17, 2008
So what does yesterday’s Fed rate cut mean for the average consumer? In a statement made Tuesday afternoon, Fed Chairman Ben Bernanke confirmed the report ... . It would be here that home-equity line of credit and certain credit cards with variable interest rates [more...]
Date: 2008-12-17 20:49:00
Fannie, Freddie told to buy $40 bln of mortgages a month
Fannie, Freddie told to buy $40 bln of mortgages a month October 14, 2008 | Leave a Comment SAN FRANCISCO (MarketWatch) ... to a published report. A story from Bloomberg News on Saturday reported Fannie (FNM) and Freddie (FRE ... the government has launched recently to try to halt the spread of the mortgage-fueled credit crisis [more...]
Date: 2008-10-14 19:35:43
Before the bell: Stocks may rebound; HPQ, FRE, EBAY, AAPL, AUY, F
Before the bell: Stocks may rebound; HPQ, FRE, EBAY, AAPL, AUY, F Posted Aug 20th 2008 8:10AM by Melly Alazraki Filed under: Before the bell, ... concerns, despite new worries over Fannie and Freddie. Oil remained steady ahead of inventory report ... (NYSE: FNM) and Freddie Mac (NYSE: FRE) remain in focus due to concerns that a government bailout [more...]
Date: 2008-08-20 13:09:28
Here’s the Problem: No One Knows How Bad it Will Get
In the blog entitled “Bailout and the Taxpayer: Where do you Stand?” I asked you to tell me whether the Treasury made the right decision on FNM and FRE or whether there was any other option. Sheldon and Andy, I give you both tremendous props for what you said [more...]
Date: 2008-09-11 15:32:43
Wall Street Breakfast: Must-Know News
Three more banks reach ARS settlements. In separate settlements reached with state regulators, Merrill Lynch (MER), Goldman Sachs (GS), and Deutsche Bank (DB) will buy back at least $12.5B ($10B, $1.5B and $1B respectively) of auction-rate securities and will pay $162.5M in fines [more...]
Date: 2008-08-22 11:19:31
Global Markets Nosedive as Credit Crisis Washes Over Europe
Major indices around the world plunged yesterday (Monday), as the credit crisis picked up momentum in Europe and markets in Asia began bracing for a deep ... report for free: “The Three Best Investments in Asia.” Indices around [more...]
Date: 2008-10-07 14:45:35
Week in Review #43 (2008-10-26)
Late in the afternoon on Friday, Cantor Fitzgerald’s CEO Howard Lutnick – a trader’s trader – gave another excellent interview for Bloomberg TV ... . Global Economics Review Weekly International Economic Report . I encourage everybody to read [more...]
Date: 2008-10-26 17:08:16
USRant: Depression? Buy Stocks!!! Eleventy!!1!!
USRant: Depression? Buy Stocks!!! Eleventy!!1!! I magine the outcry there would be if some guy on the internet made a smallish fortune trading based on what turned out to be inside information. He would be hounded, set upon by the regulators, and probably imprisoned [more...]
Date: 2008-12-05 22:09:14
Week Ahead: Not So Happy Anniversary
Wall Street Greek and Market Moving News cover all economic reports and financial markets daily ... . The Nine are now implicitly "too big to fail," just like Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE [more...]
Date: 2008-10-20 13:13:19
Wall Street Breakfast: Must-Know News
Dems showcase stimulus package. House Democrats unveiled an unprecedented 5B stimulus plan yesterday, ... ; first-time home buyers between Jan. 1 and June 30 would get a ,500 tax credit; local school districts [more...]
Date: 2009-01-16 12:25:42
Phony Accounting on Fannie, Freddie Rescue Legislation
I got this far in the Wall Street Journal article, "Capitol Hill Storm Envelops Fannie-Freddie Rescue" and started seeing red: ... by the federal government and that the line of credit might also be tapped. This cost estimate [more...]
Date: 2008-07-17 05:00:14
Fannie Mae and Freddie Mac
How did we get into this mess, and how do we get out of it? First, a little background: Both Freddie and Fannie were initially created by the U.S ... Mac, in billions of dollars. Data source: 2007 Annual Report, p. 168. AssetsLiabilities [more...]
Date: 2008-07-13 02:17:35
Global Slump Continues in Asia - How Low Will It Go?
Global Slump Continues in Asia - How Low Will It Go? ... sure you don't need me to tell you this. I'll be back next week and I'll have a full report ... that we have passed a line in the sand. Take a look at the charts of the financials LEH, FNM, FRE, AIG, etc [more...]
Date: 2008-09-18 03:55:18
Senators Bunning and Shelby Blast Bernanke on Monetary Policy
Paulson Crosses Rubicon Lands In 5th Dimension for Paulson's absurd proposal asking Congress for "authority to buy unlimited stakes in and lend to the companies, aiming to stem a collapse in confidence". Earlier today Senators Bunning and Shelby Blasted Bernanke on Monetary Policy [more...]
Date: 2008-07-15 21:07:33
Credit Crunch Roundup — November 6, 2008
Items of Interest:CNNMoney:UK, Europe central banks cut key rates -- In response to the global economy, ... , and we are by no means out of the woods yet in terms of the credit crisis.----CNNMoney:GM Executive [more...]
Date: 2008-11-06 13:42:00
Wall Street Breakfast: Must-Know News
Fed Minutes show weak outlook, split on inflation ... of the U.S. banking system in the wake of the credit crisis. Fannie, Freddie post biggest profits in a decade. Fannie Mae (FNM) and Freddie Mac (FRE) post [more...]
Date: 2008-08-27 11:07:53
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