|
|
3/9/10--RMBS Flows, FSA, CW Sues Triad |
|
|
*Yesterday was a relatively quiet Monday with some selling coming out of money managers in particular but all in all it was relatively quiet. Today is opening up with more activity. ABX is slightly softer and once again we are seeing more messages from the street proposing “focus positions”, “cheaper offerings” etc. etc. The pace of widening in the pay-option market and subprime market has slowed but it doesn’t seem like many market participants are concerned about the market getting away from them on the upside and hence are comfortable to pick their spots. |
|
|
3/8/10--RMBS Prices, HAMP, Second Liens |
|
|
VFTC returns after spending a slow market Friday down at the halls of justice in LA fighting to get my property taxes lowered. The LA County assessor’s office seems to be the only entity that wasn’t convinced real estate values hadn’t dropped. I wish they bought bonds, it would be a nice hedge. Thankfully after pleading the case they acquiesced and threw me a bone. Given the pace of trading on what felt like a summer Friday it probably wasn’t the worst time to be dealing with government bureaucracy. |
|
3/2/10--MBIA, LCAV |
|
|
*MBIA Inc. reported its 2009 results yesterday and is hosting its earnings conference call today at 8:00 AM EST. MBIA Inc. is the public holding company. The primary operating companies are MBIA Insurance Corp, which has the structured finance exposure, and National Public Finance, which has the muni book. |
|
|
3/3/10--MBIA Earnings Call, Clayton Report, Flows |
|
|
*From 12th Street's own John Kohler....a report from yesterday's MBIA earnings call: MBIA reported net income of $623 million for 2009, versus a net of loss of $2.7 billion for 2008. However, the 2009 net income number benefited from $1.7 billion of unrealized mark-to-market gain on credit derivatives. |
|
3/1/10--Thoughts on Proposed HAMP Changes, LA Budget |
|
|
*12th Street’s own Matt Tomiak provides us his thoughts and concerns on the latest HAMP proposal being pondered in the halls of government. |
|
|
|
|
<< Start < Prev 1 2 3 4 5 6 7 Next > End >>
|
|
Page 1 of 7 |