Thursday, September 25, 2008

Senator Shelby Says No Agreement Reached on Bailout Plan

Mortgage News Headlines
9/25/2008  
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  Senator Shelby Says No Agreement Reached on U.S. Treasury's Bailout Plan
  Thu, 25 Sep 2008 14:20:54 EST

Speaking after a meeting with President George W. Bush, Senator Richard Shelby said he does not think an agreement has been made on the $700 billion bailout plan proposed by the U.S. Treasury earlier this week.


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TODAY'S VIDEO NEWS

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CNBC Videos
9/25/2008 10:09:08 AM
Have hedge funds run their course? CNBC's David Faber takes a closer look.

CNBC Videos
9/25/2008 10:33:40 AM
Edward Lazear, chairman of the Council of Economic Advisers, has the White House take of the financial rescue plan.

CNBC Videos
9/25/2008 10:54:33 AM
The House Financial Services Committee is holding a hearing today on government-sponsored entities. Rep. Brad Sherman, D-Calif, and Rep. Peter King, R-N.Y., discuss.

CNBC Videos
9/25/2008 1:31:38 PM
U.S. senators offer insight on the expected bailout bill.

CNBC Videos
9/25/2008 12:49:07 AM
The real danger to the markets is the credit default swaps market, as it is unregulated, observes Robert Howe, CEO of Geomatrix. He points out to CNBC's Lisa Oake how abusing CDS can lead to "financial terrorism".

CNBC Videos
9/25/2008 3:13:44 AM
The U.S. economy could slip into a "great depression" even if the bailout plan gets approved, opines Dariusz Kowalczyk, chief investment strategist at CFC Seymour. He tells CNBC's Amanda Drury why.

CNBC Videos
9/25/2008 7:09:08 AM
The FBI is combing Wall Street, looking for signs of fraud. CNBC's Scott Cohn has the details.

CNBC Videos
9/25/2008 8:23:27 AM
Former GE Chairman & CEO Jack Welch discusses the mortgage crisis.


 
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Wednesday, September 24, 2008

NAR, MBA, CSBS, NAHB Opinions on Bailout

Mortgage News Headlines
9/24/2008  
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  Interest Group and State Regulators Express Opinions on Bailout
  Wed, 24 Sep 2008 10:43:43 EST

Housing and banking special interest groups as well as a group that represents state level banking regulators have weighed in with their opinions and concerns about the banking bailout proposal which is rolling out piecemeal from the Federal Reserve and the Department of the Treasury. Two of the groups are less than happy with portions of the proposed policies.


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TODAY'S VIDEO NEWS

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CNBC Videos
9/24/2008 2:49:48 PM
Pimco's Bill Gross discusses why the taxpayers need the financial bailout and how the government could even make money on it.

CNBC Videos
9/24/2008 2:51:54 PM
Discussing the implications of the short-selling ban, with Duncan Niederauer, CEO of NYSE Euronext

CNBC Videos
9/24/2008 3:12:06 PM
Rep. Spencer Bachus, R-Ala., delivers his opening statement regarding Paulson's plan to bail out the financial sector.

CNBC Videos
9/24/2008 11:40:24 AM
Rep. Carolyn Maloney, D-NY asks Fed chairman Ben Bernanke about the current state of the economy.

CNBC Videos
9/24/2008 11:56:27 AM
Sen. John Sununu, R-NH asks Fed chairman Ben Bernanke about the current state of the economy.

CNBC Videos
9/24/2008 12:01:12 PM
Rep. Lloyd Doggett, D-TX asks Fed chairman Ben Bernanke about the current state of the economy.

CNBC Videos
9/24/2008 12:24:49 PM
Sen. Amy Klobuchar, D-MN, asks Fed chairman Ben Bernanke about the current state of the economy.

CNBC Videos
9/24/2008 1:20:49 PM
Feedback on Fed chairman Ben Bernanke's testimony, with Diane Swonk, Mesirow Financial; CNBC's Steve Liesman & Rick Santelli


 
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Tuesday, September 23, 2008

ABA Asks Protection for Banks Owning GSE Stock

Mortgage News Headlines
9/23/2008  
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  ABA Asks Protection for Banks Owning GSE Stock
  Tue, 23 Sep 2008 11:30:40 EST

When the two government sponsored enterprises (GSEs) were originally placed in conservatorship on September 7, federal regulators estimated that only a few dozen banks were holding preferred paper in the institution. However, the ABA survey has found that about 27 percent of banks are preferred stockholders and another 3-1/2 percent own auction-rate securities that are backed by preferred stock. For those banks which are preferred stockholders, the average exposure of their core capital is 11 percent.

In its letter on September 22 the ABA requested that the government take six actions to resolve the preferred stock situation:


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TODAY'S VIDEO NEWS

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CNBC Videos
9/23/2008 12:12:00 PM
James B. Lockhart, director of the Federal Housing Finance Agency, addresses the Senate Banking Committee regarding government sponsored entities and mortgage-related securities.

CNBC Videos
9/23/2008 12:28:40 PM
Sen. Christopher J. Dodd's (D-CT) questions regarding Treasury Secretary Hank Paulson's plan to bail out the financial industry.

CNBC Videos
9/23/2008 11:13:26 AM
Sen. Robert Menendez's (D-NJ) opening statement regarding Treasury Secretary Hank Paulson's plan to bail out the financial industry.

CNBC Videos
9/23/2008 11:13:27 AM
Sen. Tom Carper's (D-DE) opening statement regarding Treasury Secretary Hank Paulson's plan to bail out the financial industry.

CNBC Videos
9/23/2008 11:15:30 AM
Sen. Mel Martinez's (R-FL) opening statement regarding Treasury Secretary Hank Paulson's plan to bail out the financial industry.

CNBC Videos
9/23/2008 11:21:47 AM
Sen. Elizabeth Dole's (R-NC) opening statement regarding Treasury Secretary Hank Paulson's plan to bail out the financial industry.


 
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