| Oct 18, 2011 10:40AM "Buy real estate - they're not making any more of it." Most of the time that is true, but here is a somewhat interesting 50 seconds of the entire side of a cliff disappearing - England has a new beach. For a mortgage bank, what is your warehouse cost of funds versus the average mortgage rate for your originations? If your mortgages are at 4%, and your warehouse is at 3%, you're earning a 1% spread. For Wells Fargo, its net interest margin, the difference between what it pays to borrow and what it... Oct 18, 2011 11:31AM A new plan is on the table in the seemingly endless parade of negotiations aimed at ending the foreclosure crisis and resolving the legal impasses over alleged foreclosure abuses by the big banks. The latest proposal, detailed in today's Wall Street Journal, was presented in a meeting last week between the banks and government negotiators. According to The Journal the new plan is designed to win the support of California's Attorney General Kamala D. Harris who, as was reported here , recently announced...
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