First, several people sent me this article from the NY Times. I'm skeptical of the accusation of accounting issues causing the deal to be rushed. Notice the phrase "not necessarily in violat...
From the WSJ: Frank Confirms Treasury Intervention To Shore Up Fannie Mae, Freddie Mac Rep. Barney Frank (D., Mass.) [chairman of the House Financial Services Committee] said in a statement Saturda...
More details will leak out today, but the plan will probably be announced Sunday afternoon a few hours before the Asian markets open. (like with Bear Stearns). I wonder if the Fed will make some so...
Update2: WaPo says preferred protected: Fannie Mae, Freddie Mac to be Put Under Federal Control, Sources Say Under the plan, the federal government would place the firms in a legal state known as c...
From the FDIC: Nevada State Bank Acquires the Insured Deposits of Silver State Bank, Henderson, Nevada Silver State Bank, Henderson, Nevada, was closed today by the Nevada Financial Institutions D...
Yes, Fannie and Freddie is the big story today (and this weekend). And DSL and BKUNA are interesting too.
But Housing Wire has more on the MBA Foreclosure and Delinquency data released today: MBA...
Press Release: BankUnited FSB Receives Notification from the Office of Thrift Supervision BankUnited Financial Corporation (NASDAQ:BKUNA - News), parent company of BankUnited FSB, announced that it...
From the WSJ: Regulators Tell Downey Financial To Raise Capital, Hire CEO The Office of Thrift Supervision ... has issued a cease-and-desist order that formally requires the [Downey] to raise capit...
From the WSJ: Treasury Is Close to Finalizing Plan to Backstop Fannie, Freddie Precise details of Treasury's plan couldn't be learned. The plan is expected to involve a creative use of Treasury's n...
“Subprime ARM loans accounted for 36 percent of all foreclosures started and prime ARMs, which include option ARMs, represented 23 percent. However, the increase in prime ARMs foreclosure starts wa...
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