mortgages

A post by Annaly Capital Management from last night. Connecting two data events from the last 24 hours serves as a reminder to policy makers that if they really want to improve the housing finance system in the United States they should…

By John Lounsbury. Really?  Yes, that is exactly what some economists are saying.  According to Lisa Swerzer for SmartMoney, in an article at MSN Money, this view is held by severa; presumably impartial people.  The people…

By John Mauldin. "... has been brought about by policies which the majority of economists recommended and even urged governments to pursue. We have indeed at the moment little cause for pride: as a profession we have made a mess…

by Edward Hugh According to Ralph Atkins, writing in the Financial Times: "Eurozone mortgage borrowing grew last month at the fastest pace in almost two years in a sign that bank lending across the 16-country region may be flickering…

A personal note of reflection from Mike Farrell, CEO of Annaly Capital Management. It had been a long time between vacations. Credit crunch, lending implosion, sovereign credits going into default, currency devaluations, government…

Goldman Sachs (GS) and the SEC (Securities and Exchange Commission) have announced a settlement of the suit over the Abacus security case which was a civil action charging fraud by Goldman. According to the SEC announcement, which I watched…

There is a good deal of speculation in the press at the moment over the tricky issue of whether or not Poland will be able to comply with its agreed deficit-reduction deadline on the basis of the latest budget proposals announced by the…

It would seem so from the statistics compiled by the New York Times. The article leads in by suggesting the rich are 'losing their home but given the talk about strategic default earlier in the year (see here), you should wonder whether…

Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions reports that homebuyer declined in May, as would be expected with the end of the latest federal home purchase tax credit.  The most dramatic drop was with…

This morning Case-Shiller released a report showing the largest price increase in the American residential property since August 2006. Prices for April 2010 in the broad Composite 20 index were up 3.9% year-on-year while prices in the…