Monday, February 13, 2012

AMI on Mortgage Servicing Settlement; 2011 Mortgage Volume Stats

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Feb 13, 2012 12:42PM

AMI Takes Position against Mortgage Servicing Settlement

In a strongly worded statement on behalf of the American Association of Mortgage Investors (AMI), Jonathan Lieberman, Managing Director of Angelo, Gordon & Company, criticized the recent settlement agreement over alleged mortgage servicing and foreclosure processing abuses. Lieberman, told the Association's bondholders in a conference call that the settlement, reached last week between five major banks and their servicing subsidiaries, the Departments of Justice and Health Education and Welfare...

Feb 13, 2012 9:47AM

Some 2011 Mortgage Volume Stats; EverBank to Buy MetLife Warehouse Lending

Sometimes, at 4AM PST, my cat disdainfully watches CNBC while I work on the finishing touches in the daily commentary. Cats spend an inordinate amount of time being disdainful, but my cat has the perfect outlook while watching, which is to remember that much of the show is slanted toward entertaining, which can be enjoyable but much of which detracts from the substantive economic news. (For one thing, they're always talking about "economic uncertainty" - heck, there is always uncertainty - it's the...


Micro News

5:01 PM:

ABA: Statement on Proposed Bank Tax

2:54 PM:

Fed Releases Orders Related to Banks in Mortgage Settlement

1:52 PM:

Treasuries Turn Negative in Light Volume, MBS Follow But Outperforming

9:59 AM:

MBS Pop Higher on Meeting Delay Rumors

9:04 AM:

MBS Only Slightly Weaker as Greek Deal Waits on More Meetings

8:07 AM:

Greek Austerity Vote Lifts Euro

2:09 PM:

MBS Stable Into Afternoon. Positive Reprice Potential Increasing

12:37 PM:

Fed: Bernanke Speech on 'Housing Markets in Transition'

Around the Web

Video News

Here's Why Banks Don't Like the Volcker Rule

FHA Getting 247270B from AG & Countrywide

Greek Rioters Burn Buildings After Austerity Vote


Today's Comments

truerates

"If B of A forecloses on Ben B.'s residence, it just shows that there may be justice, after all. Was it not Mr. Bernanke that precipitated our present..."

Don

"Holy Cow Frank!! I am impressed. +1"

Frank Ceizyk

""the absence of house lock would have reduced the nation's unemployment rate by at most 0.10 percentage points annually"...perhaps this is..."

Today's Q&A

"Seller's Appraisal Came in lower than Buyers offer!"

"Can the buyers realtor receive commission on an independent sale"

"if i have a property # how can i find the listing?"