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29 апреля, 01:36

Fannie Mae: Mortgage Serious Delinquency rate declined in March, Lowest since Feb 2008

Fannie Mae reported that the Single-Family Serious Delinquency rate declined to 1.12% in March, from 1.19% in February. The serious delinquency rate is down from 1.44% in March 2016.This is the lowest serious delinquency rate since February 2008.These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%.Click on graph for larger imageAlthough the rate is declining, the "normal" serious delinquency rate is under 1%.  The Fannie Mae serious delinquency rate has fallen 0.32 percentage points over the last year, and at that rate of improvement, the serious delinquency rate will not be below 1% until this Summer.Note: Freddie Mac reported earlier.

29 апреля, 00:28

UN Demands ObamaCare: Trump Embraces UN & Globalism

Do you realize ObamaCare could be repealed with the stroke of a pen? It was never funded by Congress and the subsidies are stolen from Fannie Mae/Freddie Mac investors. But it isn’t just Paul Ryan & the establishment GOP who fight repeal, the UN is DEMANDING that ObamaCare NOT be repealed because they define it as a “human right” in a document that a USA official signed but the Senate did not ratify. It is a lesson for the Trump administration about the Paris Climate Agreement which was also signed but not ratified on the day that President Trump declared that he is both a nationalist and a globalist. Follow David on Twitter - https://twitter.com/libertytarian Help us spread the word about the liberty movement, we're reaching millions help us reach millions more. Share the free live video feed link with your friends & family: http://www.infowars.com/show Follow Alex on TWITTER - https://twitter.com/RealAlexJones Like Alex on FACEBOOK - https://www.facebook.com/AlexanderEmerickJones Infowars on G+ - https://plus.google.com/+infowars/ :Web: http://www.infowars.com/ http://www.prisonplanet.com/ http://www.infowars.net/ :Subscribe and share your login with 20 friends: http://www.prisonplanet.tv http://www.InfowarsNews.com Visit http://www.InfowarsLife.com to get the products Alex Jones and his family trust, while supporting the growth of our expanding media operation. [http://bit.ly/2dhnhbS] Biome Defense™ [http://bit.ly/2bnEj91] Bio-True Selenium™ [http://bit.ly/1WYw8jp] Vitamin Mineral Fusion™ [http://bit.ly/1QYBNBv] Joint Formula™ [http://bit.ly/1nNuR3r] Anthroplex™ [http://bit.ly/1ljfWfJ] Living Defense™ [http://bit.ly/1Iobcj2] Deep Cleanse™ [http://bit.ly/1DsyQ6i] Knockout™ [http://bit.ly/1Kr1yfz] Brain Force™ [http://bit.ly/1R5gsqk] Liver Shield™ [http://bit.ly/1cOwQix] ProstaGuard™ [http://bit.ly/1mnchEz3] Child Ease™ [http://bit.ly/1xs9F6t] WinterSunD3™ [http://bit.ly/1L3gDSO] Ancient Defense™ [http://bit.ly/1EHbA6E] Secret-12™ [http://bit.ly/1txsOge] Oxy Powder™ [http://bit.ly/1s6cphV] Occu Power™ [http://bit.ly/1rGOLsG] DNA Force™ [http://bit.ly/1nIngBb] X2 Survival Shield™ [http://bit.ly/1kaXxKL] Super Female Vitality™ [http://bit.ly/1mhAKCO] Lung Cleanse™ [http://bit.ly/1mGbikx] Silver-Bullet - Colloidal Silver™ [http://bit.ly/1xcoUfo] Super Male Vitality™ [http://bit.ly/1z5BCP9] Survival Shield - Nascent Iodine™ [http://bit.ly/1o4sQtc] Patriot Blend 100% Organic Coffee™ [http://bit.ly/1iVL6HB] Immune Support 100% Organic Coffee™ All available at - http://www.infowarsshop.com/ INFOWARS HEALTH - START GETTING HEALTHY BEFORE IT'S TOO LATE - http://www.infowarshealth.com/ Newsletter Sign up / Infowars Underground Insider : http://www.infowars.com/newsletter The Alex Jones Show © copyright, Free Speech Systems .LLC 1995 - 2017 All Rights Reserved. May use for fair use and educational purposes

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28 апреля, 21:51

США: индекс цен на дома FHFA в феврале повысился на 0.8%

По данным Федерального агентства по финансированию жилья (FHFA) индекс цен на дома в США, покупка которых осуществлялась с участием контролируемых государством ипотечных агентств Fannie Mae и Freddie Mac, в феврале повысился в месячном исчислении на 0.8% при ожидавшихся 0.4% и после повышения на 0.2% январе.

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28 апреля, 21:14

США: индекс цен на дома FHFA в феврале повысился на 0.8%

По данным Федерального агентства по финансированию жилья (FHFA) индекс цен на дома в США, покупка которых осуществлялась с участием контролируемых государством ипотечных агентств Fannie Mae и Freddie Mac, в феврале повысился в месячном исчислении на 0.8% при ожидавшихся 0.4% и после повышения на 0.2% январе.

28 апреля, 20:59

Снова Fannie Mae, Freddie Mac, Wells Fargo и Lehman Brothers in 2017 ? (pauls)

Случайности и совпадения. Забавная новость об участнике мирового кризиса 2008 года - Wells Fargo - крупнейшем ипотечном кредиторе в США: 24 Апреля, 2017 "Федеральная корпорация страхования депозитов и Федеральная резервная система заявили в понедельник, что были сняты ограничения на способность банка расти.* " 2 комментария

27 апреля, 23:55

Florida Coast in Trouble? 'Complete Globalist Propaganda' - SKG

We Are All Going to Die From Coastal Flooding* * Those having net worths of $10MM or more need not read. via Soren K Group and Marketslant The opinion piece at bottom is by Dr. Joe Romm, a Founding Editor of Climate Progress, “the indispensable blog,” as NY Times columnist Tom Friedman describes it. We thoroughly enjoyed reading it. And as writers with trading DNA we wanted to know where the trade was.  Long OJ? Long potable water? Short insurance companies, and other ideas were bounced around. All had risks we were uncomfortable with. Finally one of our group, "Bon Scott" summed it up perfectly in only the way he can. Implicitly, Buy infrastructure companies. From Soren K. Group contributor "Bon":  Complete, total, globalist propaganda. In the USA coastal property values are going nowhere but up. Period. Humans by nature want to be around water. Rich people like to be around other (white) rich people. Who do you think supports political campaigns?.... Beachfront property owners that's who! Flooding... Hire mexicans that no longer have landscaping jobs due to suburban collapse to truck in more dirt and pave it. Raise homes, raise roads (it's happening now in NJ). Water? Pipe it in from the mountains all the way to Key fucking West. MOAR jobs! Print the fucking fiat to pay for it. Tax the world. The result is like everything else we say here. The middle class, what remains of them, will have more financial burden to shoulder. The rich build walls, and  the poor are cared for. OH NO GLOBAL WARMING Examples of Bon's point. Bill Gates bought a stake in the Four Seasons and its Caribean property in 2015. Think he is worried about his island sinking? Trump owns a mansion on St. Maarten bought in 2013 last we checked. Think he's worried? Gates also owns property in Palm Beach bought in 2013. Tech billionaire Larry Ellison has bought 98 per cent of Hawaiian island Lanai. Indian Creek Village in Miami's Biscayne Bay may be on a tiny island, but the neighborhood of just 86 residents is home to some of the biggest A-listers and some of America's richest business moguls. Some of these purchases are basically "safe rooms" for the rich in case of civilization breakdown. Climate change isn't a deterrent. If it were they'd be buying mountain homes only.  Capitalism Finds a way, Workers Will Pay The author must be kidding us if he thinks a climate catastrophe awaits Trump. This is just another justification for Trump to ramp up infrastructure and thus GDP. Does he think we will just watch things sink? By his own admission it is in "slow- motion". China builds synthetic islands in the South Pacific. Romm, the academic globalist doesn't think the rich voting  owners in coastal Fla will get their way through walls, levies, and tax breaks to protect their property? And Romm doesn't think that it will be a tax increase on the rest of us as a Patriotic Duty?  The rich will be on stilts. You will pay for it. in NJ each home wrecked post Sandy got a 40k tax credit to raise the house. Who paid for that? The wealthy that are leaving NJ in droves now. The insurance companies will be bailed out- You will pay for it. You already did 5x in the last 30 years. The poor will be taken care of (as they should be)- You will pay for it, as  the impoverished group of baby boomers swell the ranks. You will pay with higher taxes, lower purchasing power, an inability to access global competitors for pricing. your children will pay for it by becoming indentured servants to the Government when they cannot pay their student loans back. we know. We've seen it in Argentina first hand. The best educated, lowest paid MBAs in the Americas. Mnuchin's tax statement yesterday basically implied the intention  to remove tax cuts at the middle class level by removing home owner tax deductions.  The working class is taken for granted. Even Ghandi had a point where he'd take up arms. Wake up people. Why aren't you mad?  That said, enjoy the piece below. -Soren K. Group ------------------------------------------------------------------------------------------------- Climate change poses ‘nightmare scenario’ for Florida coast, Bloomberg warns via Joe Romm and Thinkprogess Donald Trump’s presidency may make this future for South Florida and “Miami Island” unstoppable. CREDIT: Climate Central “Pessimists selling to optimists.” That’s how one former Florida coastal property owner describes the current state of the market in a must-read Bloomberg story. Right now, science and politics don’t favor the optimists. The disintegration of the Greenland and Antarctic ice sheets is speeding up, providing increasing evidence we are headed for the worst-case scenario of sea level rise?—?three to six feet (or more) by 2100. The impacts are already visible in South Florida. “Tidal flooding now predictably drenches inland streets, even when the sun is out, thanks to the region’s porous limestone bedrock,” explains Bloomberg. “Saltwater is creeping into the drinking water supply.” At the same time, President Trump is working to thwart both domestic and international climate action while slashing funding for coastal adaptation and monitoring. E&E News reported earlier this month that the EPA has already “disbanded its climate change adaptation program” and reassigned all the workers. Faster sea level rise and less adaptation means the day of reckoning is nigh. Dan Kipnis, chair of Miami Beach’s Marine and Waterfront Protection Authority?—?who has failed to find a buyer for his Miami Beach home for nearly a year?—?told Bloomberg, “Nobody thinks it’s coming as fast as it is.” But this is not just South Florida’s problem. The entire country is facing a trillion-dollar bubble in coastal property values. This Hindenburg has been held aloft by U.S. taxpayers in the form of the National Flood Insurance Program. A 2014 Reuters analysis of this “slow-motion disaster” calculated there’s almost $1.25 trillion in coastal property being covered at below-market rates. ? CREDIT: Reuters When will the bubble burst? As I’ve written for years, property values will crash when a large fraction of the financial community?—?mortgage bankers and opinion-makers, along with a smaller but substantial fraction of the public?—?realize that it is too late for us to stop catastrophic sea level rise. When sellers outnumber buyers, and banks become reluctant to write 30-year mortgages for doomed property, and insurance rates soar, then the coastal property bubble will slow, peak, and crash. The devaluation process had begun even before Trump’s election reduced the chances we would act in time to prevent catastrophic climate change. The New York Times reported last fall that “nationally, median home prices in areas at high risk for flooding are still 4.4 percent below what they were 10 years ago, while home prices in low-risk areas are up 29.7 percent over the same period.” Sean Becketti, the chief economist for mortgage giant Freddie Mac, warned a year ago that values could plunge if sellers start a stampede. “Some residents will cash out early and suffer minimal losses,” he said. “Others will not be so lucky.” As this week’s Bloomberg piece puts it, “Demand and financing could collapse before the sea consumes a single house.” So here’s a question for owners of coastal property?—?and the financial institutions that back them?—?as they watch team Trump keep his coastal-destroying promises: Who will be the smart money that gets out early?—?and who will be the other kind of money?

27 апреля, 00:14

Freddie Mac: Mortgage Serious Delinquency rate declined in March, Lowest since May 2008

Freddie Mac reported that the Single-Family serious delinquency rate in March was at 0.92%, down from 0.98% in February.  Freddie's rate is down from 1.20% in March 2016.Freddie's serious delinquency rate peaked in February 2010 at 4.20%. This is the lowest serious delinquency rate since May 2008.These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  Click on graph for larger imageAlthough the rate is still declining, the rate of decline has slowed. Maybe the rate will decline another 0.2 to 0.4 percentage points or so to a cycle bottom, but this is pretty close to normal.Note: Fannie Mae will report soon.

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12 апреля, 22:55

Mortgage Rates below 4% Again?

With the ten year yield falling slightly today to under 2.3%, how much would the ten year need to rally to have mortgage rates fall under 4% again?With the ten year at 2.29% today, and based on an historical relationship, 30-year rates should currently be around 4.2%.  As of this morning, Mortgage News Daily reports that 30 year fixed rate mortgages are around 4.1%. Pretty close to expected.The graph shows the relationship between the monthly 10 year Treasury Yield and 30 year mortgage rates from the Freddie Mac survey. Currently the 10 year Treasury yield is at 2.29%, and 30 year mortgage rates were at 4.1% according to the Freddie Mac survey last week. Based on the historical relationship, the ten year yield would have to fall to around 2.1% for 30 year fixed mortgage rates to be at or below 4%.

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12 апреля, 02:20

Commercial Property Lending Tumbles As Retail / Hotel Originations Plunge

For those of you out there clinging to your commercial REIT stocks for their 'defensive' dividend yields while praying that the whole 'retail implosion' thing will simply go away, you may want to avert your eyes now.  According to the Mortgage Bankers Association 4Q 2016 commercial real estate loan originations survey, mortgage originations related to discretionary segments of the economy are in complete free fall with retail and hotel volumes down 19% and 39%, respectively.     A decrease in originations for hotel, health care, and retail properties led the overall decline in commercial/multifamily lending volumes when compared to the fourth quarter of 2015. The fourth quarter saw a 39 percent year-over-year decrease in the dollar volume of loans for hotel properties, a 24 percent decrease for health care properties, a 19 percent decrease for retail properties, a 4 percent decrease for industrial properties, a one percent decrease in multifamily property loans, and a 6 percent increase in office property loans. Commercial banks and insurance companies pulled back on new originations while Fannie/Freddie picked up the slack. Among investor types, the dollar volume of loans originated for commercial bank portfolios decreased by 17 percent year-over-year. There was a 6 percent year-over-year decline for life insurance company loans, a 2 percent decrease in Commercial Mortgage Backed Securities (CMBS) loans, and a 4 percent increase in the dollar volume of Government Sponsored Enterprises (GSEs – Fannie Mae and Freddie Mac) loans.   2016 marked the first YoY 4Q decline since the height of the 'great recession'.   Meanwhile, via the Wall Street Journal, prescient market observers remind us that markets tend to cycle rather than just rising in perpetuity...shocking news. Still, the bank recognizes that property values are at record levels after rising for eight years. “I’d say, if I could look back one year ago, we’re probably more cautious [now],” Mr. Myers said.   Some lenders are competing by making riskier loans such as those that finance construction or occupy a “mezzanine” position between first mortgages and equity. In the first quarter of 2017, construction and land loans on bank balance sheets were up 12.8% to $306.1 billion compared with the same period a year earlier, according to loan tracker Trepp LLC.   Lenders and developers have gotten especially aggressive in building rental apartments. More units are under way today than in any period since the mid-1970s, experts said.   “There’s no current looming event that regulators are looking to say we foresee a problem,” said Matthew Anderson, managing director of Trepp. “It’s just the sheer volume and pace of activity and the length of how long it’s gone on.” But we're sure this is just another temporary BTFD opportunity.

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03 апреля, 21:38

Rent or Buy? 15 Reasons Why Renting Is Better Than Buying a Home

Home ownership is just another word for debt. So we’re reshaping the American dream by telling you why renting a home is a smarter decision than buying.

02 апреля, 07:39

Obamacare Implosion Now? Since Obama Siphoned GSE Dividends To Prop Up, Can Trump Simply Halt 1st Qtr Sweep?

Earlier this month, Harvard Ph.D. Jerome Corsi of InfoWars (@jerome_corsi) and a CPA "who worked for two years for a major U.S. accounting firm as an outside auditor for Freddie Mac," confirmed a 2012 scheme hatched by the Obama administration to funnel hundreds of billions in dividends from Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac to prop up the failing Obamacare program - by paying subsidies to insurers to remain in the system. If you need to catch up on it, read the InfoWars article above or watch this 18 minute video:    The conclusion reached by Corsi and others is that this was probably illegal. In fact, House Republicans actually sued the Obama Administration in 2014 over the fact that the subsidies to insurers weren't appropriated by congress and won, which the Obama administration appealed. As Zerohedge and the Atlanta Journal Constitution pointed out last week, the Trump administration has until May 22nd to decide whether or not to pursue the appeal: In 2014, House Republicans sued the Obama administration over the constitutionality of the cost-sharing reduction payments, which had not been appropriated by Congress. The lawmakers won the lawsuit, and the Obama administration appealed it. Late last year, with a new administration on the other end of the suit, the House sought to pause the proceedings — with a deadline for a status update in late May. -AJC And a ZeroHedge analysis: Of course, any decision to remove those subsidies would likely result in yet another massive round of premium hikes and further withdrawals from the already crippled exchanges where an astounding number of counties across the country have already been cut to just 1 health insurance provider.  And, as we've pointed out before, higher rates = lower participation = deterioration of risk pool = higher rates....and the cycle just repeats until it eventually collapses. -ZeroHedge Meanwhile, President Trump has made several Tweets since the Ryancare debacle in congress: ObamaCare will explode and we will all get together and piece together a great healthcare plan for THE PEOPLE. Do not worry! — Donald J. Trump (@realDonaldTrump) March 25, 2017 The Democrats will make a deal with me on healthcare as soon as ObamaCare folds - not long. Do not worry, we are in very good shape! — Donald J. Trump (@realDonaldTrump) March 28, 2017 But wait, could it happen even sooner? Former Blackrock portfolio manager Ed Dowd may be on to something... By not long...do you literally mean weeks as you order the stop of the illegal Fannie/Freddy dividend sweep into Treasury thus ensuring ????? https://t.co/VEQ4bkgduG — Ed (@DowdEdward) March 28, 2017 Since MSM won't report #Fanniegate all #Trump has to do is stop the steal and Obamacareliterally implodes ???? Within weeks. Watch Dems run!???? https://t.co/vLzeJQbEhR — Ed (@DowdEdward) March 26, 2017 Simple question: what if Trump's Treasury simply stopped the illegal dividend sweep NOW? It is the end of the 1st quarter, after all... Not only would it force the MSM to cover Obama's 2012 scheme to siphon funds from Fannie and Freddie, the stage would be set for far more sensible healthcare solutions from lawmakers who aren't simply shilling for the industry. Content originally generated at iBankCoin.com * Follow on [email protected]

31 марта, 22:14

Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO

NEW YORK (Reuters) - U.S. mortgage finance giants Fannie Mae and Freddie Mac may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by...

31 марта, 21:02

Fannie Mae: Mortgage Serious Delinquency rate declined in February, Lowest since March 2008

Fannie Mae reported that the Single-Family Serious Delinquency rate declined to 1.19% in February, from 1.20% in January. The serious delinquency rate is down from 1.52% in February 2016.This is the lowest serious delinquency rate since March 2008.These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%.Click on graph for larger imageAlthough the rate is declining, the "normal" serious delinquency rate is under 1%.  The Fannie Mae serious delinquency rate has fallen 0.33 percentage points over the last year, and at that rate of improvement, the serious delinquency rate will not be below 1% until later this year.Note: Freddie Mac reported earlier.

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27 марта, 19:42

Freddie Mac: Mortgage Serious Delinquency rate declines in February, Lowest since June 2008

Freddie Mac reported that the Single-Family serious delinquency rate in February was at 0.98%, down from 0.99% in January.  Freddie's rate is down from 1.26% in February 2016.Freddie's serious delinquency rate peaked in February 2010 at 4.20%. This is the lowest serious delinquency rate since June 2008.These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  Click on graph for larger imageAlthough the rate is still declining, the rate of decline has slowed. Maybe the rate will decline another 0.25 percentage points or so to a cycle bottom, but this is pretty close to normal.Note: Fannie Mae will report soon.

25 марта, 12:00

Фальсификации в США

Накануне праймериз в штате Южная Каролина американские избиратели, да и все, кто следит за этим увлекательным шоу, были сбиты с толку заявлением Республиканского Комитета штата Айова о том, что победа Митта Ромни в этом штате была провозглашена ошибочно. Подлинным победителем оказался ультраконсервативный бывший сенатор Рик Санторум. Дальше началась такая чехарда, что уследить за ней оказалось не по силам даже опытным политическим обозревателям ведущих американских изданий, […]

24 марта, 00:21

Republican Senator Hails Goldman Sachs As A Champion Of 'The Little Guy'

function onPlayerReadyVidible(e){'undefined'!=typeof HPTrack&&HPTrack.Vid.Vidible_track(e)}!function(e,i){if(e.vdb_Player){if('object'==typeof commercial_video){var a='',o='m.fwsitesection='+commercial_video.site_and_category;if(a+=o,commercial_video['package']){var c='&m.fwkeyvalues=sponsorship%3D'+commercial_video['package'];a+=c}e.setAttribute('vdb_params',a)}i(e.vdb_Player)}else{var t=arguments.callee;setTimeout(function(){t(e,i)},0)}}(document.getElementById('vidible_1'),onPlayerReadyVidible); WASHINGTON ― Sen. Thom Tillis (R-N.C.) announced on Thursday that he is trapped in a Randian nightmare where members of Congress seek to “beat down” the virtuous organization Goldman Sachs ― a benevolent force in American democracy that goes to great lengths to “employ the little guy.” “I feel like sometimes I’m living a reality TV version of Atlas Shrugged,” Tillis declared at a Senate hearing. “There are a lot of people in this Congress that wanna just beat down job creators and employers ... People want to demonize Goldman Sachs. That’s an easy thing to do, right? Just beat up on a financial services institution. An institution that’s committed to, let me look at the general numbers here ― they have 36,500 employees. There’s probably a lot of little guys in there. They’ve contributed billions of dollars to nonprofits.” “Demonizing employers that employ the little guy isn’t looking out for the little guy,” Tillis concluded. Tillis was speaking at the confirmation hearing for Jay Clayton, President Donald Trump’s nominee to chair the Securities and Exchange Commission. Clayton is a top Wall Street attorney who helped Goldman Sachs with its 2008 government bailout. Tillis’ outburst appeared to be a response to earlier questioning from Sen. Elizabeth Warren (D-Mass.), whom Tillis griped about in a previous hearing for highlighting a conflict of interest involving President Donald Trump and federal affordable housing programs. Under government ethics rules, Warren noted, Clayton would have to recuse himself from any enforcement actions the SEC takes against companies that he represented, or companies that his law firm Sullivan & Cromwell represents in cases before the SEC. That creates a scenario in which the agency’s two Republican and two Democratic commissioners are likely to deadlock about enforcement ― a common occurrence during the tenure of SEC Chair Mary Jo White, who was also a prominent corporate attorney before going into government. “Based on your personal client disclosures then, for half of your tenure as SEC chair, you would not be able to vote to enforce the law against several big banks, including Goldman Sachs, Deutsche Bank, Barclays and UBS,” Warren told Clayton at the hearing. “Those banks have repeatedly violated securities laws in the past few years. But if they violate securities laws again in your first two years as SEC chairman, you can’t vote to punish them. And I think that’s a problem.” And indeed, Goldman Sachs has faced a long list of charges that it’s run afoul of the law. Last year, the bank agreed to pay $5 billion to settle charges that it defrauded its clients by selling them toxic mortgage-backed securities. It paid a $120 million penalty to settle charges that it manipulated foreign exchange markets. It paid a separate $36.3 million penalty to resolve charges that it accepted confidential regulatory information from the New York Fed and used it to get clients. In 2014, the company paid $3.15 billion to settle charges that it defrauded Fannie Mae and Freddie Mac. In 2012, the bank paid $12 million to settle “pay-to-play” campaign contribution violations involving the Massachusetts state treasurer, paid $22 million to settle charges that its research and sales teams were holding meetings that allowed them to improperly share insider information, and paid $1.5 million and $7 million to settle two other supervision problems. A member of Goldman Sach’s board of directors was sentenced to prison the same year for illegally tipping off a hedge fund manager to the company’s boardroom secrets. In 2010, the bank paid $550 million to settle charges that it defrauded its own clients by selling them mortgage-linked securities that were designed to fail, and which Goldman Sachs itself bet against. That just covers the years since the financial crisis. Prior to that, Goldman Sachs had settled charges that it had rigged the auction-rate securities market, cheated while managing initial public offerings, and illegally traded government bonds.  Goldman Sachs did not respond to a request for comment for this article.  “Any financial services executive or anybody in a financial services business that acts badly needs to suffer the consequences,” Tillis said Thursday. “But if we just make the American people think that they’re all bad, you are hurting the little guy.” Still, Tillis’ most grievous error at the hearing was one of literary interpretation. Tillis simply does not understand the book he referenced during his tirade. Atlas Shrugged is a novel about a railroad tycoon who has an affair with a married steel magnate before joining a clan of very bright rich people who go on “strike,” letting society collapse without their talents while they enjoy the ubermensch lifestyle in a peaceful valley. Atlas Shrugged is not a novel about all the charities supported by good-hearted corporations. Its heroes literally abandon society to chaos and destruction rather than deploy their talents for the public good. Ayn Rand, the author of Atlas Shrugged, would not have approved of Goldman’s philanthropic work, because she believed all charitable activity fostered weakness and opposed it on principle. She literally wrote a book called The Virtue of Selfishness, which celebrates people who act in their own interests at the expense of their communities.   It’s not exactly an alien worldview on Wall Street. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

24 марта, 00:21

Republican Senator Hails Goldman Sachs As A Champion Of 'The Little Guy'

function onPlayerReadyVidible(e){'undefined'!=typeof HPTrack&&HPTrack.Vid.Vidible_track(e)}!function(e,i){if(e.vdb_Player){if('object'==typeof commercial_video){var a='',o='m.fwsitesection='+commercial_video.site_and_category;if(a+=o,commercial_video['package']){var c='&m.fwkeyvalues=sponsorship%3D'+commercial_video['package'];a+=c}e.setAttribute('vdb_params',a)}i(e.vdb_Player)}else{var t=arguments.callee;setTimeout(function(){t(e,i)},0)}}(document.getElementById('vidible_1'),onPlayerReadyVidible); WASHINGTON ― Sen. Thom Tillis (R-N.C.) announced on Thursday that he is trapped in a Randian nightmare where members of Congress seek to “beat down” the virtuous organization Goldman Sachs ― a benevolent force in American democracy that goes to great lengths to “employ the little guy.” “I feel like sometimes I’m living a reality TV version of Atlas Shrugged,” Tillis declared at a Senate hearing. “There are a lot of people in this Congress that wanna just beat down job creators and employers ... People want to demonize Goldman Sachs. That’s an easy thing to do, right? Just beat up on a financial services institution. An institution that’s committed to, let me look at the general numbers here ― they have 36,500 employees. There’s probably a lot of little guys in there. They’ve contributed billions of dollars to nonprofits.” “Demonizing employers that employ the little guy isn’t looking out for the little guy,” Tillis concluded. Tillis was speaking at the confirmation hearing for Jay Clayton, President Donald Trump’s nominee to chair the Securities and Exchange Commission. Clayton is a top Wall Street attorney who helped Goldman Sachs with its 2008 government bailout. Tillis’ outburst appeared to be a response to earlier questioning from Sen. Elizabeth Warren (D-Mass.), whom Tillis griped about in a previous hearing for highlighting a conflict of interest involving President Donald Trump and federal affordable housing programs. Under government ethics rules, Warren noted, Clayton would have to recuse himself from any enforcement actions the SEC takes against companies that he represented, or companies that his law firm Sullivan & Cromwell represents in cases before the SEC. That creates a scenario in which the agency’s two Republican and two Democratic commissioners are likely to deadlock about enforcement ― a common occurrence during the tenure of SEC Chair Mary Jo White, who was also a prominent corporate attorney before going into government. “Based on your personal client disclosures then, for half of your tenure as SEC chair, you would not be able to vote to enforce the law against several big banks, including Goldman Sachs, Deutsche Bank, Barclays and UBS,” Warren told Clayton at the hearing. “Those banks have repeatedly violated securities laws in the past few years. But if they violate securities laws again in your first two years as SEC chairman, you can’t vote to punish them. And I think that’s a problem.” And indeed, Goldman Sachs has faced a long list of charges that it’s run afoul of the law. Last year, the bank agreed to pay $5 billion to settle charges that it defrauded its clients by selling them toxic mortgage-backed securities. It paid a $120 million penalty to settle charges that it manipulated foreign exchange markets. It paid a separate $36.3 million penalty to resolve charges that it accepted confidential regulatory information from the New York Fed and used it to get clients. In 2014, the company paid $3.15 billion to settle charges that it defrauded Fannie Mae and Freddie Mac. In 2012, the bank paid $12 million to settle “pay-to-play” campaign contribution violations involving the Massachusetts state treasurer, paid $22 million to settle charges that its research and sales teams were holding meetings that allowed them to improperly share insider information, and paid $1.5 million and $7 million to settle two other supervision problems. A member of Goldman Sach’s board of directors was sentenced to prison the same year for illegally tipping off a hedge fund manager to the company’s boardroom secrets. In 2010, the bank paid $550 million to settle charges that it defrauded its own clients by selling them mortgage-linked securities that were designed to fail, and which Goldman Sachs itself bet against. That just covers the years since the financial crisis. Prior to that, Goldman Sachs had settled charges that it had rigged the auction-rate securities market, cheated while managing initial public offerings, and illegally traded government bonds.  Goldman Sachs did not respond to a request for comment for this article.  “Any financial services executive or anybody in a financial services business that acts badly needs to suffer the consequences,” Tillis said Thursday. “But if we just make the American people think that they’re all bad, you are hurting the little guy.” Still, Tillis’ most grievous error at the hearing was one of literary interpretation. Tillis simply does not understand the book he referenced during his tirade. Atlas Shrugged is a novel about a railroad tycoon who has an affair with a married steel magnate before joining a clan of very bright rich people who go on “strike,” letting society collapse without their talents while they enjoy the ubermensch lifestyle in a peaceful valley. Atlas Shrugged is not a novel about all the charities supported by good-hearted corporations. Its heroes literally abandon society to chaos and destruction rather than deploy their talents for the public good. Ayn Rand, the author of Atlas Shrugged, would not have approved of Goldman’s philanthropic work, because she believed all charitable activity fostered weakness and opposed it on principle. She literally wrote a book called The Virtue of Selfishness, which celebrates people who act in their own interests at the expense of their communities.   It’s not exactly an alien worldview on Wall Street. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. 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14 января 2014, 08:56

Профицит бюджета США в декабре достиг рекорда

  Профицит бюджета США в декабре стал рекордным на фоне более высоких налогов на заработную плату, выплат со стороны Fannie Mae и Freddie Mac, а также снижения уровня безработицы. Доходы превысили расходы в прошлом месяце на $53,2 млрд по сравнению с дефицитом на уровне $1,19 млрд в декабре 2012 г., свидетельствуют данные Минфина США. Экономисты, опрошенные Bloomberg, ожидали показатель на уровне $44 млрд. В 2013 г. безработица в стране сократилась на 1,2 процентного пункта до 6,7%, и это самое сильное падение в годовом выражении с 1983 г. Укрепление экономики и увеличение налоговых поступлений позволили сократить дефицит страны в прошлом финансовом году, закончившемся 30 сентября, более чем наполовину: до $680,3 млрд по сравнению с рекордным показателем в $1,42 трлн в 2009 г. "Мы продолжаем видеть улучшение экономических условий, которое в настоящее время отражено в сокращении бюджетного дефицита", - отметил экономист Wells Fargo Securities LLC Майкл Браун. Доходность 10-летних казначейских облигаций снизилась до 2,83%, приблизившись к самому низкому уровню за месяц.  Доходы бюджета составили $283,2 млрд в прошлом месяце по сравнению с $269,5 млрд в декабре 2012 г. Расходы составил $230 млрд по сравнению с $270,7 млрд в прошлом году. В течение первых трех месяцев текущего финансового года дефицит составил $176,3 млрд, тогда как с октября по декабрь 2012 г. показатель составлял $293,3 млрд. Платежи в казну от Fannie Mae и Freddie Mac выросли за год примерно на $34 млрд.

10 мая 2013, 06:16

Про MBS и ипотечные кредиты

Мы совсем как то эту тему забросили, а зря. Все же на этот рынок много завязано. О каких суммах идет речь? Объем ипотечных кредитов (для жилой недвижимости, коммерческой, сельскохозяйственной) составляет 13.1 трлн долл на конец 2012 года. Из этих 13.1 трлн более 9.4 трлн записано на домохозяйства. Под эти кредиты выпускали тоннами всякого MBS’осного шлака, процесс полностью остановился в 2008 году. Сейчас совокупный объем MBS составляет 7.54 трлн, т.е. почти 58% всех ипотечных кредитов было секьюритизировано. На пике зверства было под 70%. Из 7.54 трлн около 80% эмитировано Government-sponsored enterprises (GSE) всякие там fannie mae и freddie mac, остальное остальное на частные структуры. Причем стоит обратить внимание на то, что в 2009 году более 4.4 трлн дефолтных бумаг (!) было изъято из частных структур в пользу государственных. Не будь этого, то все рухнуло. Программа TARP, кредитование ФРС и QE здесь не учитываются.Как это было...Чтобы оценить тенденции и масштабы, то лучше всего на графике.Как видно, процесс сокращения ипотечных кредитов продолжается. Низкие процентные ставки не помогают, кредиты не берут. А выкуп MBS не помогает тем более, т.к. сам процесс выкупа не имеет ни малейшего отношения к способностям и желаниям заемщиков получать кредит. Все, к чему имеет отношение ФРС - это стимуляция дальнейшей активности бангстеров по секьюритизации ипотечных кредитов, но если нет роста кредитов, то и чисто теоретически не может быть никакого роста активности в MBS. Поэтому проблема не в предложении кредитов, т.е не в банках, а в спросе (заемщиках). Нет спроса на кредиты, а банки бы рады опять шарманку запустить.Максимум, что может получиться из этой безумной затеи ФРС - так это провоцирование отрыва башни у бангстеров . С тем, чтобы условия получения займов были столь простыми, что получить займ мог бы любой, кто имеет в активах хотя бы один чупа чупс и половину недопитой банки коки. Возврат к тому, от чего пришли. Ничего этих людей не исправит.Кто держит весь этот мусор?Разумеется больше всех у ФРС – 1 трлн на конец 2012 и 1.15 трлн в настоящий момент. Ни одна структура единолично столько не держит. Это 15% рынка на 2012, к концу 2013 будет держать все 20% рынка. Тем самым это означает, что ценообразование на этом рынке под полным контролем ФРС и дилеров. Проще говоря, вторичного рынка больше не существует.Почти 4.5 трлн у финансовых структур (1.6 трлн коммерческие банки, 350 млрд ипотечные трасты, 347 млрд страховые фонды, 223 млрд пенсионные фонды, 170 млрд у брокеров и так далее).Частный сектор (домохозяйства и корпорации) сократили вложения почти в ноль. Причем домохозяйства по каким то загадочным причинам начали скупать MBS тогда, когда они наиболее активно падали в цене. На тот момент (2007-2008) они были самым крупным покупателем на рынке, нарастив всего за 1.5 года объем MBS на 500 млрд до 1.02 трлн, а потом в период с 2009 по 2010 все продали, когда ФРС запустил QE1Я раньше вам говорил, но повторю. Эта операция была похожа на хорошо спланированный инсайд. Группа лиц инсайдеров и аффилированных лиц с ФРС примерно в конце 2007-середине 2008 знала, что будет неизбежный выкуп MBS со стороны ФРС для поддержания рынка и примерно тогда готовился план по банкротству Лемана. Учитывая, что бумаги продавались с дисконтом, то предположительно через частные счета и некоммерческие организации был проведен выкуп на 300-400 млрд бумаг, которые по рыночной цене не стоили и половину от номинала. А потом продавали по номиналу ФРС, заработав сотни процентов чистой прибыли. Также поступали и дилеры, но в отличие от юридических лиц, физиков и НКО никто проверять не будет, т.к. об этом никто даже не догадывается. Т.е. более, чем вероятно, что на инсайде смогли отмыть через мошеннические схемы более 150 млрд чистой прибыли.Основные выводы1. Роста кредитования нет.2. Эмиссии MBS нет, т.к. нет роста кредитования.3. Рынок MBS под полным контролем ФРС и дилеров. Еще никогда в истории одна структура не держала такую долю рынка. 15% на 2012 и 20% на конец 2013. Вторичного рынка больше не существует в свободном формате. Цены регулируются ФРС.4. ФРС частная лавочка бангстеров и инсайдеров, которая действует прежде всего в интересах бангстеров и инсайдеров.5. По множеству косвенных и прямых признаков, инсайд о вероятном запуске QE1 был еще в начале 2008 года. Много подозрительных теневых операций по переброски средств в НКО. Откуда у НКО пол триллиона баксов, которые выкупали это говно в момент острой паники и краха. По моим оценка отмыли не менее 150 млрд чистой прибыли.6. Когда MBS в объеме не увеличиваются, а ФРС выкупает под 40 млрд в месяц + когда ФРС монетизирует гос.долг США, то избыточная ликвидность абсорбируется на рынке акций. Реципиентом являются дилеры – те, кто работает с ФРС и получает ликвидность от ФРС. НЕ нужно питать иллюзий, что рост фондового рынка чем то фундаментально обоснован. Очередная гнусная операция по перекачки ликвидности и поддержанию рентабельности фин.сектора в условиях, когда активность клиентов спала на рекордно низкий уровень. Не будет QE = не будет роста рынка.7. Единственной хорошей новостью является то, что этот бардак выходит на финишную прямую. Когда они сосредоточили в руках почти всю возможную власть и активы, то прорыв этого чуда-юда неизбежен. Учитывая то, насколько все ухудшилось за последний год, то ждать осталось не так и долго. Еще никогда контроль над активыми не был столь тотальным и всеобъемлющим.Более детальная таблица держателей MBS

25 сентября 2012, 13:50

ФРС может расширить список выкупаемых активов

Федеральная резервная система может увеличить объемы и расширить список активов, выкупаемых в рамках проведения третей программы количественного смягчения. Об этом заявил президент Федерального резервного банка Сан-Франциско Джон Уильямс.Такие действия возможны в ответ на слабую реакцию экономики США на текущий формат стимулирования экономики."В отличие от наших прошлых программ по выкупу активов у этой нет заранее определенной даты завершения. Вместо этого она напрямую привязана к тому, что происходит с экономикой. Мы можем даже расширить наши покупки, с тем чтобы включить в них другие активы", - заявил Уильямс.Уильямс также отметил, что хоть и согласно мандату ФРС список бумаг, который может быть на балансе регулятора, ограничен, однако все еще есть возможность выкупа казначейских облигаций всех сроков обращения, долговых обязательств ипотечных агентств Freddie Mac и Fannie Mae.Помимо этого, Уильямс также ожидает продления сроков программы "Твист". "Я ожидаю, что мы продолжим эту программу в 2013 году, и я также думаю, что существуют сильные предпосылки для увеличения объемов или продолжения выкупа других активов в 2013 году, включая Treasuries с более длительными сроками обращения", - отметил Уильямс.По прогнозам представителя регулятора, ФРС удастся добиться снижения безработицы до 7,25% уже в 2014 г., поэтому программа выкупа активов будет завершена до конца 2014 г.