+ 
Fed may re-enter MBS market later in 2010 – Market News – The Federal Reserve is discussing re-entering the mortgage-backed securities market later this year if its buying power is needed to hold down interest rates, Market News said on Tuesday in a story citing Fed officials – Reuters
and
The Fed Is Preparing QE 2.0, MBS-Only Edition – Submitted by Tyler Durden – We all knew it would happen, and now the Fed is implicitly confirming it – Quantitative Easing 2.0 is on the docket, with a sole purpose of purchasing of MBS, reports Market News. As the private MBS market is dead and buried, much more on this coming in a post later today, the Fed can not afford to abandon MBS and the GSEs in March. If it does, it is game over for interest rates, mortgages, and the stock market. Period. … – Zero Hedge
————
possible strategy – Bernanke’s Fed Bills coming to a bank near you… – How the Fed proposes to issue its own debt – Submitted by EB – … We suspect the Fed will wait until the US Dollar index rallies to at least 81 or 82 before announcing the next round of long term Treasury purchases. … – Zero Hedge
————
Rep. Barney Frank: Lenders Fannie and Freddie now a ‘public policy instrument’ – By Michael O’Brien – … “Remember now that Fannie and Freddie have been converted,” Frank said during an appearance on CNBC. “Part of the losses of Fannie and Freddie are that since the housing collapse, Fannie Mae and Freddie Mac have become a kind of public utility.” … – The Hill
————
Fannie Mae expedites REO sales – Offers may be accepted without notifying loan servicers – ... To speed up sales of foreclosed properties, Fannie Mae says after beginning the property disposition process by obtaining opinions on the market value of a repossessed home and listing it with a real estate broker, it may now accept a purchase offer without first notifying the servicer, whether or not a final decision has been reached with respect to the review…. Inman News
————
Derivatives Look Set to Escape Any Serious Regulatory Reform – The United States and United Kingdom have apparently backed away from previous commitments to forcing most OTC derivatives transactions onto centralised exchanges, Oxford Analytica notes. Given the high importance of the US and UK capital markets globally, this climb-down essentially guts a regulatory aim flagged by the G20 as a rhetorical priority. – Research Recap
————
Lobbying Blows Back on Mortgage Lenders, Shareholders – By Alain Sherter – The researchers show that mortgage companies that lobbied intensively in the years leading up to the financial crisis had higher loan-to-income ratios; more aggressively securitized those loans; and had faster growing loan portfolios. These same lenders subsequently saw a higher rate of defaults, and their stock price fell more than average in 2007 and 2008. Put another way, the firms that lobbied the most took the biggest risks. – Bnet
Paper download: A Fistful of Dollars: Lobbying and the Financial Crisis at IMF website