Credit card data hints at U.S. consumer rebound
Thursday, March 17th, 2011Credit card delinquency rates improved at JPMorgan Chase & Co and a majority of others — a sign the lenders still face hurdles in the wake of the deep recession.
Bank probes expanding with new investigation
Wednesday, March 16th, 2011U.S. authorities are expanding their probes of past mortgage securities deals, with New York’s attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.
JPMorgan to Sell $716.3 Million of Mortgage Bonds
Wednesday, March 16th, 2011JPMorgan Chase & Co. is marketing $716.3 million of bonds backed by commercial mortgages, according to a person familiar with the offering.
FHFA Subpoenas Firms That Sold Debt to Fannie Mae, Freddie Mac
Tuesday, March 15th, 2011The Federal Housing Finance Agency subpoenaed firms that sold mortgage-backed securities to Fannie Mae and Freddie Mac as the regulator aims to determine whether issuers can be held liable for losses on the debt.
Mortgage-Bond Yield Spreads Approach Lowest Level on Record
Tuesday, March 15th, 2011Fannie Mae’s current-coupon 30-year fixed-rate mortgage bonds narrowed 0.03 percentage point to about 0.65 percentage point more than 10-year Treasuries as of 4:45 p.m. in New York, according to data compiled by Bloomberg. The gap reached 0.59 percentage point on March 29, two days before the Federal Reserve ended its buying of $1.25 trillion of [...]
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