| Jun 2, 2011 11:19AM Over one-third of the current members of the U.S. Senate have written a letter to federal regulators urging they adopt a less restrictive definition of a qualified residential mortgage than has been formally proposed. The bi-partisan group is led by Mary Landrieu (D-LA), Johnny Isakson (R-GA), and Kay R. Hagan (D-NC). The letter, addressed to the heads of the Federal Deposit Insurance Corporation, Office of Comptroller of the Currency, Federal Reserve Bank, Federal Housing Finance Agency, Department... Jun 2, 2011 5:24PM Although Moody's threatened to downgrade the U.S. credit rating again and Greece agreed to another bailout "in principle", which led to a short selling spree early this afternoon and pumped up trading volume even more, profit taking was the name of the game in the bond market today. Scattered reprices for the worse were reported this afternoon after profit taking pushed benchmark Treasuries through key support and almost totally erased yesterday's MBS rally. As mentioned in two...
 | 
