Mar 12, 2013 4:42PM

Republicans Attacking CFPB on Multiple Fronts

Republicans in Congress are pulling out all the stops to make sure that Richard Cordray is not confirmed to continue as Director of the Consumer Finance Protection Bureau (CFPB) and, indeed, that the Bureau is not allow to exist in its present form. Cordray currently serves as director through an interim presidential appointment in January 2012 after Republican senators made it clear they would not confirm Cordray or anyone else to the position. They admitted they had no objections to the qualifications...

Mar 12, 2013 12:40PM

Threat Of Rising Rates Poses Funding Risks For GSEs And Banks

The Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) has issued a white paper detailing how FHFA manages the interest rate risk faced by the two government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae and the Federal Home Loan Banks (FHLBanks) it regulates. OIG did the study because the three entities face considerable risk of lose from fluctuations in prevailing interests rates ; an increase in rates of one percentage point could subject the GSEs to a loss...

Micro News

1:46 PM:

MBS At Highs Though Ranges Remain Narrow

9:19 AM:

Bond Markets Improve All Night, Holding Gains This AM

9:23 AM:

No Free Lunches For Bond Market Bounce Back

11:52 AM:

Negative Reprice Risk Already Increasing, Depending On Lender

9:36 AM:

Fighting To Establish A Defensive Range Post-NFP Sell-Off

8:44 AM:

ECON: Nonfarm Payrolls Much Higher Than Expected

3:34 PM:

Several Negative Reprices Reported. Still holding Support

10:31 AM:

MBS Hit New Lows. Reprice Risk Already?

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Today's Comments


"I see $8,000+ seller credit if using the builders lender - that's not built into the price? You're a fool if you think for a second that it isn't..."

Jason Harris

"In our current regulatory environment, I am surprised the affiliate model has lasted this long. I don't see a long shelf life for practices as they..."

craig simons

"I certainly respect the risk and investment a builder makes - with very little certainty and assurance a transaction will close - but coercing buyers ..."

Today's Q&A

"deed versus no will"

"Starting A mortgage office?"

"reinstatement of title deed to my name"