Posts tagged as:

mortgage backed securities

FDIC to pump up the mortgage market with $1.8 deal

by Moe Bedard

NEW YORK, March 1 (Reuters) – The U.S. Federal Deposit Insurance Corp is planning to sell $1.8 billion of guaranteed asset-backed debt, according to IFR, in what may be a step toward restoring confidence in securities closely tied to the financial meltdown.

The debt will be backed by residential mortgage assets of failed banks seized

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Bond Investors to Sue the United States Government?

by Moe Bedard

By Moe Bedard
Wall Street War Brewing Against the Obama Plan, I argued that bond investors were going to start taking the job of protecting their assets seriously even though doing so makes no sense for Main Street. Today’s Financial Times ran an article indicating that these bond investors are so serious that they’re beginning to [...]

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Mortgage Investors Call for Changes in Rescue Plan

by Moe Bedard

Investors who hold billions of dollars of residential mortgage-backed securities are pressing the Obama administration to make changes in its housing rescue plan.
Participation by these investors will help determine the success of President Barack Obama’s $75 billion plan to reduce foreclosures and help stabilize the housing market. But many investors are critical of features of [...]

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Moe’s 2009 Predictions Become Reality

by Moe Bedard

It looks like some of my mortgage and housing predictions for 2009 that I posted on January 1st are starting to become reality.

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The NY Fed Purchases $500 Billion in Mortgage Backed Securities

by Moe Bedard

The New York Federal Reserve announced today that it is purchasing $500 billion in mortgage backed securities in order to support the U.S. housing market.

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The Enronization of America & the Economic Cartel

by Moe Bedard

Kenneth Lay, CEO of Enron is lead in handcuffs after Lay was found guilty on all six counts of conspiracy and fraud by a jury of eight women and four men. In a separate bench trial, Judge Lake ruled Lay was guilty of four counts of fraud and false statements. Will we see similar indictments [...]

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