Monday, June 13, 2011

FDIC Chair Casts Doubt Over Risk Retention Exemptions

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Jun 13, 2011 3:54PM

FDIC Chair Casts Doubt Over "Risk Retention" Exemptions

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

The Week Ahead: Inflation, Housing, Retail Sales, Manufacturing

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...


Micro News

4:18 PM:

Cantor optimistic on US debt talks

4:06 PM:

Busy Week of Econ Data Begins in Earnest Tomorrow

3:51 PM:

Late Day Stock Market Jitters Keep Lid on Bond Yields

2:52 PM:

MBS Extend Losses Slightly. Early Signs of Reprice Risk

1:45 PM:

New York extends mortgage probe to trustees

11:03 AM:

US banks get more time to file foreclosure plans

9:50 AM:

Lacker Joins Growing List of Downbeat Fed Speakers

9:25 AM:

Debt Ceiling Debate to Pressure Rates Higher?

Around the Web

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White House on Jobs

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IMF Said to Be Targeted in State-Based Cyber Attack


Today's Comments

Brett

"Even though originators were clearly in the wrong in some instances, I think those instances were few and far between. Most originators I know care about..."

Adam Quinones

"Mortgages have had a rough go of it lately...much focused weakness. CC yield spreads are near their wides of the year as investors clean-up balance sheets..."

Sonja42

"I found out some time back that my mother age 86, several years ago needed a new roof. A roofer told her that it would cost approx $6000. She of course..."

Today's Q&A

Anonymous

"Is real estate tax Paid "in advance" or for the past..."

Anonymous

"I have excellent credit rating/score/history but low income,..."

Anonymous

"I stopped paying my mortgage for 9 months but it has been a year..."

Today's Forum Discussions

Richard Booth

"Over the past 75 years this country has weathered many housing cycles. However this current crisis is much different and the fallout will be felt for many..."

Danielle Gatsos

"Real estate appraisal firm unveils lender education program SEATTLE, Wash., -- The William Craig Company, Inc. (WCCI), a nationwide real estate appraisal..."

Dan Henderson

"Loan Scenario View All Post A Scenario Loan State: Texas Loan County: Harris Loan Type: Purchase Loan Amount: 204672,300,000 Property Value: 204672,300,000 LTV..."