Sep 14, 2011 3:46PM Last month the Federal Housing Finance Agency (FHFA) asked for input on a plan it is considering to augment the Real Estate-Owned (REO) disposition programs run by Fannie Mae and Freddie Mac (the Enterprises) and the Federal Housing Administration (FHA). The deadline for proposals is tomorrow. Radar Logic, a data and analytic firm, responded with an innovative dual proposal for developing "cash market equivalent" values for real estate assets and reducing the inventory of owned real estate (REO)... Sep 15, 2011 1:36PM To provide some background for the charts we're about to see, here's what we wrote this morning: "The 9am spike we can obviously attribute to the European Central Bank's announcement that it will be providing dollar-based liquidity via 7 day repo's beginning in early October. Essentially, this is confidence builder for European markets as it suggests they'll have the liquidity to get through the rest of 2011. European funding concerns are a BIG deal and these repo operations are perhaps seen as a...
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