{"id":91363,"date":"2009-12-20T22:31:03","date_gmt":"2009-12-21T03:31:03","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2009\/12\/20\/banks-financial-services-government-deloitte-report-bailout-wells-and-jpm-do-15-year-cre-and-life-companies-greenspan-reverse-mortgages-fnma-predicts-repos-rising-rates\/"},"modified":"2009-12-20T22:31:03","modified_gmt":"2009-12-21T03:31:03","slug":"banks-financial-services-government-deloitte-report-bailout-wells-and-jpm-do-15-year-cre-and-life-companies-greenspan-reverse-mortgages-fnma-predicts-repos-rising-rates","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/91363","title":{"rendered":"Banks, Financial Services, Government: Deloitte Report, Bailout, Wells and JPM Do 15 Year, CRE and Life Companies, Greenspan, Reverse Mortgages, FNMA Predicts, Repos, Rising Rates"},"content":{"rendered":"<p><a href=\"http:\/\/billcoppedge.com\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"Bill-Coppedge\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/Bill-Coppedge30.jpg\" width=\"82\" height=\"121\"><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"original content selection by MortgageNewsClips.com\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/original-content-selection-by-MortgageNewsClips.com30.jpg\" width=\"258\" height=\"55\"><\/a> <\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/deloitte.gif\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"deloitte\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/deloitte_thumb.gif\" width=\"157\" height=\"49\"><\/a> <\/p>\n<p><strong>Deloitte report &#8211; Financial Services Industry: 2009 Accounting, Financial Reporting, Tax and Regulatory Update<\/strong> &#8211; 229 pages &#8211; good reference &#8211; thanks Marty Rosenblatt &#8211; from <a href=\"http:\/\/www.deloitte.com\/us\/financialservices\/2009update\">Deloitte<\/a>&nbsp;<br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/MercuryNews.gif\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"MercuryNews\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/MercuryNews_thumb.gif\" width=\"244\" height=\"60\"><\/a> <\/p>\n<p><strong>Voros: Nine biggest banks really didn&#8217;t need our bailout<\/strong> &#8211; Drew Voros &#8211; WELLS FARGO executives just couldn&#8217;t wait any longer or it would run the risk of looking like a laggard, like something was wrong.&nbsp; When Citigroup, the weakest link of America&#8217;s nine largest banks that were bailed out, announced Monday morning its was joining other banks in repaying $25 billion in TARP money, San Francisco-based Wells became the lone major bank in the country not to reimburse taxpayers. &#8211; <a href=\"http:\/\/www.mercurynews.com\/columns\/ci_14002726?nclick_check=1\">Silicon Valley Mercury News<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/american-banking-news.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"american-banking-news\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/american-banking-news_thumb.png\" width=\"303\" height=\"40\"><\/a> <\/p>\n<p><strong>Wells Fargo and JP Morgan Chase Report Growth in 15-Year Mortgage Market<\/strong>&nbsp; &#8211; &#8230; As evidence of this trend, the Mortgage Bankers Association reported that <strong>15-year fixed rate loans accounted for nearly one in five refinance applications in October<\/strong>. That was up from 9.1% in 2008 and 7.5% in October 2007 &#8230; &#8211; <a href=\"http:\/\/www.americanbankingnews.com\/2009\/12\/17\/wells-fargo-nyse-wfc-and-jp-morgan-chase-nyse-jpm-report-growth-in-15-year-mortgage-market\/\">American Banking News<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/www.researchrecap.com\/index.php\/2009\/12\/16\/cre-losses-wont-threaten-life-insurers-ratings-unless-values-fall-more-than-expected\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"rrInsurers\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/rrInsurers.gif\" width=\"288\" height=\"261\"><\/a>&nbsp; <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/moodys2.gif\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"moodys\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/moodys_thumb2.gif\" width=\"125\" height=\"52\"><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/resrecap4.gif\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"resrecap\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/resrecap_thumb4.gif\" width=\"97\" height=\"53\"><\/a> <\/p>\n<p><strong>CRE Losses Won\u2019t Threaten Life Insurers\u2019 Ratings Unless Values Fall More Than Expected<\/strong> &#8211;&nbsp; Moody\u2019s expects US insurers\u2019 commercial mortgage losses to grow, but not to result in many rating downgrades unless commercial property values fall much further than expected. &#8211; <a href=\"http:\/\/www.researchrecap.com\/index.php\/2009\/12\/16\/cre-losses-wont-threaten-life-insurers-ratings-unless-values-fall-more-than-expected\/\">Research Recap<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/usa-today-the-oval.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"usa-today-the-oval\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/usa-today-the-oval_thumb.png\" width=\"238\" height=\"55\"><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/usa-today1.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"usa-today\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/usa-today_thumb1.jpg\" width=\"80\" height=\"53\"><\/a> <\/p>\n<p><strong>Obama should create debt commission, Greenspan says<\/strong> &#8211; Says Greenspan: &#8220;Our nation has never before had to confront so formidable a fiscal crisis as is now visible just over the horizon.&#8221;&nbsp; &#8211; USA Today &#8230; <a href=\"http:\/\/content.usatoday.com\/communities\/theoval\/post\/2009\/12\/obama-should-create-deficit-commission-greenspan-says\/1\">The Oval<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/rmdlogo3.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"rmdlogo\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/rmdlogo_thumb3.jpg\" width=\"210\" height=\"40\"><\/a> <\/p>\n<p><strong>Ginnie Mae Issues $1.2 Billion of Reverse Mortgage MBS<\/strong> &#8211; <a href=\"http:\/\/reversemortgagedaily.com\/2009\/12\/17\/ginnie-mae-issues-1-2-billion-of-reverse-mortgage-mbs\/\">Reverse Mortgage Daily<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/upi.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"upi\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/upi_thumb.png\" width=\"125\" height=\"54\"><\/a> <\/p>\n<p><strong>Fannie Mae Predicts Strong Recovery for Housing Next Year<\/strong> &#8211; &#8230; According to the forecast, <strong>existing home sales are expected to rise by 10 percent next year<\/strong>, compared to an estimated 3.1 percent gain this year, while new home sales are projected to rise by 26 percent in 2010 compared to an estimated 19 percent drop in sales this year &#8230; &#8211; <a href=\"http:\/\/www.upi.com\/Real-Estate\/2009\/12\/17\/Fannie-Mae-Predicts-Strong-Recovery-for-Housing-Next-Year\/3941261066919\/\">UPI.com<\/a>&nbsp; <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/minyanville1.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"minyanville\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/minyanville_thumb1.jpg\" width=\"158\" height=\"90\"><\/a> <\/p>\n<p><strong>Dear Mr. Geithner, Let Me Teach You Something &#8211;<\/strong> By Ron Coby &#8211; Americans are pointing a finger right back at you &#8211; &#8230; Mr. Geithner, <strong>let\u2019s start your education by simply looking at the number of zeros in $100 trillion. Are you ready for this? You better sit down because it should blow your mind away: $100,000,000,000,000<\/strong>. &#8230; &#8211; <a href=\"http:\/\/www.minyanville.com\/articles\/timothy-geithner-speech-american-saving-irresponsible-crisis-stock-market-crash-bailout-minyanville\/index\/a\/25985\">Minyanville<\/a> <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/Emac-fox-business.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"Emac-fox-business\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/Emac-fox-business_thumb.jpg\" width=\"314\" height=\"43\"><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/fox-business1.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"fox-business1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/fox-business1_thumb.png\" width=\"76\" height=\"42\"><\/a> <\/p>\n<p><strong>Ben Bernanke, Repo Man &#8211; Elizabeth Macdonald &#8211; worth reading &#8211; talks about difficulties of draining excess reserves by Fed and that rates will rise<\/strong> &#8211; <a href=\"http:\/\/emac.blogs.foxbusiness.com\/2009\/12\/17\/ben-bernanke-repo-man\/\">Fox Business<\/a> <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/plan-b-economics4.png\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"plan-b-economics\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/plan-b-economics_thumb4.png\" width=\"225\" height=\"38\"><\/a> <\/p>\n<p><strong>Plan B Economics: Uncommon Knowledge &#8211;&nbsp; Thoughts on 2010&#8230;<\/strong> &#8211; As long as governments can borrow at virtually zero cost to support ailing economies, nominal stock market returns will continue to be positive. <strong>However, when rates on government securities rise, the market will feel the real cost of saving the economy. This will mark a turning point in the recovery<\/strong>. &#8211; <a href=\"http:\/\/www.planbeconomics.com\/2009\/12\/18\/thoughts-on-2010\/\">Plan B Economics<\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=1lL2SPLLbP4:oNkGSb5uVvs:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=1lL2SPLLbP4:oNkGSb5uVvs:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=1lL2SPLLbP4:oNkGSb5uVvs:D7DqB2pKExk\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=1lL2SPLLbP4:oNkGSb5uVvs:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=1lL2SPLLbP4:oNkGSb5uVvs:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=1lL2SPLLbP4:oNkGSb5uVvs:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=1lL2SPLLbP4:oNkGSb5uVvs:V_sGLiPBpWU\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/mortgagenewsclips\/qTBe\/~4\/1lL2SPLLbP4\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Deloitte report &#8211; Financial Services Industry: 2009 Accounting, Financial Reporting, Tax and Regulatory Update &#8211; 229 pages &#8211; good reference &#8211; thanks Marty Rosenblatt &#8211; from Deloitte&nbsp;&#8212;&#8212;&#8212;&#8212; Voros: Nine biggest banks really didn&#8217;t need our bailout &#8211; Drew Voros &#8211; WELLS FARGO executives just couldn&#8217;t wait any longer or it would run the risk [&hellip;]<\/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-91363","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/91363","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=91363"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/91363\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=91363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=91363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=91363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}