Monday, March 12, 2012

A Legal Take on Fannie-BofA; RESPA in the Supreme Court; Freddie's Performance

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Mar 12, 2012 10:10AM

A Legal Take on Fannie-BofA; RESPA in the Supreme Court; Freddie's Performance

Here's some good news for some: The Financial Times reports that, "The Federal Reserve is this week expected to pave the way for a doubling of bank dividends and share buybacks when it unveils the results of stress tests on the largest US financial groups. If Citigroup passes the test, as expected, it will be in a position to pay more than a notional 1 cent a share dividend for the first time since the financial crisis...Analysts expect JPMorgan Chase , among the strongest of international banks...

Mar 12, 2012 3:21PM

Mortgage Rates Begin Week In Slightly Better Shape

After ending the previous week with two days in a row of being unchanged, Mortgages Rates begin the current week in slightly better territory. 3.875% Best-Execution is dominant for 30yr Fixed Conventional Loans at the moment, though some lenders are still more advantageously priced at 4.0%. (read more about Best-Execution calculations ). Today's improvements were more incidental than driven by any particular market factor. Trading was slow, volatility was low, and news was scarce this Monday. Most...


Micro News

3:56 PM:

MBS Hold Support Into Treasury Close. Big Ticket Events Tomorrow

2:11 PM:

ECON: US Budget Deficit Widens in February

1:15 PM:

3yr Note Auction Much Higher in Rate. Some Reprice Risk

10:40 AM:

EU Finance Ministers to Sign Off on Greek Cash, Grill Spain

9:33 AM:

2 Steps Fwd, 1 Step Back For Bond Markets To Begin The Week

1:17 PM:

MBS Continue Outperforming. Several Positive Reprices Reported

10:50 AM:

ECON: Wholesale Inventory Growth Slows, Sales Turn Negative

9:18 AM:

MBS Turn Positive After NFP Knee-Jerk, In Terms of Post-Roll Prices

Around the Web

Video News

Fitch Says Banks Improving as Debt Crisis Eases

Rents Rise as Home Values Fall

Bank Stress Tests to Show Progress?


Today's Comments

Adam Quinones

"A shift higher in interest rates would send a DV01 ripple through global bond markets. And would require a major commitment to longer cash flows. Lots..."

Frank Ceizyk

"Ha--love the abbot and costello routine--inspired me to write this one on the HAI report: COSTELLO: I want to talk about the affordability of housing in..."

Thomas Hall

"At first pass when I finally had a chance to review the mortgagee letter. I thought this also was a waste and just about politics. Although I am a pretty..."

Today's Q&A

"Lender for LP relief 112% condo with current MI... LP Eligible/accept"

" ex-husband filed a modification agreement to existing mortgage loan .with out my signing"

" Is there a certain number of months ownership is required before selling to a FHA buyer? "