{"id":137068,"date":"2010-01-04T19:03:22","date_gmt":"2010-01-05T00:03:22","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2010\/01\/04\/mortgage-and-housing-related-mbs-game-iacono-on-tax-credit-walk-away-cachet-issuance-uss-fannie-mac-half-way-down-peter-miller-predictions-just-in-case\/"},"modified":"2010-01-04T19:03:22","modified_gmt":"2010-01-05T00:03:22","slug":"mortgage-and-housing-related-mbs-game-iacono-on-tax-credit-walk-away-cachet-issuance-uss-fannie-mac-half-way-down-peter-miller-predictions-just-in-case","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/137068","title":{"rendered":"Mortgage and Housing Related: MBS Game, Iacono on Tax Credit, Walk Away Cachet, Issuance, USS Fannie Mac, Half Way Down, Peter Miller Predictions, Just in Case"},"content":{"rendered":"

\"bill-coppedge-dec09-1\"<\/a> \"original<\/a> <\/p>\n

 <\/p>\n

\"seeking-alpha1\"<\/a> <\/p>\n

The Fed’s MBS Shell Game<\/strong> – John Dalt – … The \u2018twins\u2019 can buy MBS to force the market down, relieving the Fed of intervening. Even more nefarious they can sell their bonds for less than face value and book a loss to the taxpayer. They can also write down mortgages for troubled homeowners, and send the bill to the Treasury.  <\/strong>This allows the Fed to act as if they are withdrawing from supporting the markets. Just like a shell game, when you watch one shell there is mischief occurring with the other shells. Classic. … Conclusion: Treasury will use the \u2018twins\u2019 to hold interest rates down, … more –<\/strong> Seeking Alpha<\/a><\/p>\n

————<\/p>\n

\"tmtgm\"<\/a> <\/p>\n

Interesting home statistics for the day<\/strong> – Tim Iacono – read the numbers – conclusion – … There is clear message here for the U.S. government. If they really want home prices to go back up, they need to drastically increase the tax credit. Maybe they should double it to about $15,000 next summer and then move it up to $25,000 or so in 2011, increasing the tax credit regularly as needed to keep home prices rising. …<\/strong> – The Mess That Greenspan Made<\/a> <\/p>\n

————<\/p>\n

\"reuters-blogs-commentaries\"<\/a> \"reuters-rolfe-winkler\"<\/a> <\/p>\n

2010: Walking away will gain cachet<\/strong> – Rolfe Winkler – … Financial self-interest is likely to be contagious. A study by three economists suggests that when a few borrowers in a neighborhood just say no, others are likely to follow.  …<\/strong> Until now, borrower guilt has helped protect bank balance sheets. That is likely to change. If it does, the next chapter of the financial crisis could be a painful one. … – Reuters Blogs<\/a>
————<\/p>\n

\"reuters\"<\/a> <\/p>\n

U.S. mortgage bond issuance jumped in 2009<\/strong> – … However, 2008 ranked as the slowest year for new U.S. MBS issuance since 2000, said Matthew Toole, an analyst in the deals group at Thomson Reuters.  Nearly 89 percent of all U.S. MBS this year were backed by government-sponsored enterprises Fannie Mae, Freddie Mac and Ginnie Mae<\/strong>, he said … – Reuters<\/a>
————<\/p>\n

\"zero-hedge\"<\/a> <\/p>\n

Who Launched the USS Fannie Mac?<\/strong> – Submitted by Bruce Krasting – … Fannie was told what to do by the Administration. For Mr. Bush to have suggested that this was somehow the \u201cunderpinnings of good capital\u201d speaks for itself. That statement makes no sense. But, none of this made sense. The audience of mortgage bankers cheered loudly however. 
This was the battleship USS Fannie Mac headed for the levee. It just took six years for the crash to happen. – interesting thoughts<\/strong> – Zero Hedge<\/a>
————<\/p>\n

\"mdw1\"<\/a> \"new-observations\"<\/a> <\/p>\n

Property Values: The Numbers Still Say 30% Down 30% Left To Fall –<\/strong> by Michael David White – It\u2019s very nice that values achieved a gain of .013% in October, but we still have a 30% fall ahead of us and, as you know, we have a 30% fall behind us. Better send in your mortgage payment. – New Observations.net<\/a>
————<\/p>\n

\"realty-trac\"<\/a> <\/p>\n

predictions – Real Estate 2010 — Will It Be Better?<\/strong> – By Peter G. Miller  –  covers Foreclosures  & Modifications , Option ARMs, Interest Rates, The Courts, Unemployment, Looking Ahead – RealtyTrac<\/a> <\/p>\n

————<\/p>\n

\"credit-writedowns\"<\/a> <\/p>\n

Manipulating mortgages<\/strong> – by Edward Harrison –  The dust has settled a bit on the Treasury\u2019s recent decision to give Fannie Mae and Freddie Mac a green light to nationalize our mortgage problem. Calculated Risk says the move was not necessarily done on Christmas Eve to escape notice. And it was not done to socialize future losses via Fannie and Freddie. It is just a precautionary move … I take a more negative view.  I see Fannie Mae and Freddie Mac as a means of manipulating interest rates and distorting the allocation of resources and funneling precious capital investment into a housing sector which suffers a dreadful amount of overcapacity.<\/strong> .. – Credit Writedowns<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

  The Fed’s MBS Shell Game – John Dalt – … The \u2018twins\u2019 can buy MBS to force the market down, relieving the Fed of intervening. Even more nefarious they can sell their bonds for less than face value and book a loss to the taxpayer. They can also write down mortgages for troubled homeowners, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-137068","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/137068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=137068"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/137068\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=137068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=137068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=137068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}