Do you remember that Fannie and Freddie had to be bailed out by the government – I mean taxpayers – so their total implosion wouldn’t trigger a global depression? The guy who engineered their bailout is worried.
Tag Archive for Fhfa
Money Morning, Must Read
What the JPM Settlement Means for Wall Street – Money Morning
by Garrett Baldwin • • 0 Comments
The $13 billion settlement between JPMorgan Chase & Co. (NYSE: JPM) and the federal government shocked markets this week, as the fines would be a record paid by a Wall Street institution.
According to reports, the sum will amount to approximately half of the company’s 2012 profits.
Charts, Economics, Email Bulletins Archive, Housing, Lee's Free Thinking, Must Read
Housing Data: Shiller Unaware Bernankinflation Winning
by Lee Adler • • 3 Comments
There were two major housing data releases today. One of them is important. The other was a misleading misdirection play, that is leaving its creator clueless. Due to its peculiar and excessive smoothing methodology, the housing Case Chiller is always behind the curve. It uses a 3 month average of sale prices closed in the…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Bernanke – ‘The Fed never makes mistakes’
by Bruce Krasting • • 1 Comment
Everyone makes mistakes. The best thing one can do is face up to the facts and acknowledge the error; fix the problem to the extent possible and do what is necessary to avoid repeating the mistake. Ben Bernanke’s inability to admit his (and his pr…
Bears Chat, Best of the Forums
Foofah Clarifies Why It Sued The Bastids
by Bears Chat at The Wall Street Examiner • • 0 Comments
FEDERAL HOUSING FINANCE AGENCY
STATEMENT
For Immediate Release Contact: Corinne Russell (202) 414-6921
September 6, 2011 Stefanie Johnson (202) 414-6376
Federal Housing Finance Agency Statement on
Recent Lawsuits Filed
Upon review of media coverage…
Charts, Economics, Email Bulletins Archive, Housing
Housing Time Bomb Goes Tick Tock Tick Tock
by Lee Adler • • 0 Comments
A couple of data points reported today marked a tick and a tock on the housing market clock. The Mortgage Bankers Association Mortgage Applications Index release was weak but not explosive. The FHFA (Federal Housing Finance Agency) monthly data on home sale prices was up, but meaningless. The FHFA data is after the fact price data…
Charts, Economics, Housing
Case Shiller’s Double Dip Has Come and Gone
by Lee Adler • • 0 Comments
The S&P/Case Shiller Home Price Indices reported Tuesday are, as usual, so far behind the curve that not only did they miss the “double dip” that has come and gone, it will be at least July or August before it reports an apparent upturn in prices in March and April. S&P’s view of the data…
Charts, Economics, Housing, Housing, Liquidity Trader, Professional Edition
Housing Prices Rise In Response to Reduced Supply, Higher Employment
by Lee Adler • • 6 Comments
No, this is not an April Fools joke. In a surprising turn of events, listing prices rose sharply in March. It could be a case of hope springs eternal, but may also be a result of less foreclosure inventory on the market and a strong gain in total employment in March. The reduction in supply…
