Jun 13, 2011 3:54PM Federal Deposit Insurance Corporation Chair Sheila Bair recently took issue with the " Qualified Residential Mortgage " rule in a wide ranging interview conducted by New York Times editor Andrew Ross Sorkin at the Council on Foreign Relations seminar last Thursday. This was surprising feedback from Bair, a Bush appointee whose term of office ends on July 8, as she has been one of the stronger voices pushing back against anti-regulation forces. The Dodd-Frank financial reform act requires the originator... Jun 13, 2011 9:08AM Investors this week will be given key data on second-quarter industrial production, retail sales, inflation, the housing market, consumer sentiment, and manufacturing. Loan pricing looks to deteriorate as the week gets underway. "Rate sheet influential" MBS prices are 5/32 lower with the Fannie Mae 4.0 coupon bid at 100-20. This will result in 10-15bp rebate reductions. There's a feeling in the air that Treasury prices can't rise much higher and that investors are more willing to stuff cash into...
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