[By Rick Davis of Consumer Metrics Institute] The Bureau of Economic Analysis’s (BEA) third estimate of second quarter 2011 U.S. Gross Domestic Product (GDP) was reported to be 1.34%, an upward adjustment from their previous data. The new growth number was .36% higher than the number reported last month for the same quarter. It is [...]

[I'm lucky to have Dick Lepre on my mortgage banking team and as a contributor to The Basis Point because whenever I think I have a market theme pinned down, he'll come in and clarify with a trader's bottom line instinct. One reason is his relationship with Treasury trading vet James Grauer, publisher of Stomaster. [...]

[Editors Note: Rob Chrisman is on vacation so he's asked some guest writers to step in on DailyBasis. Today's guest writer is Chris Cordry, VP of secondary marketing with PrimeLending.]

[Editors Note: Rob Chrisman is on a cycling vacation this week so he's asked some guest writers to step in on DailyBasis. Today are online lending pioneers Owen Raun & Michael Hillman.]

[Editors Note: Rob Chrisman is on a cycling vacation this week so he's asked some guest writers to step in on DailyBasis. Today, we start with mortgage banking vet Steve Emory.]

This guest post from a hedge fund exec does a good job of explaining Goldman’s regulatory/legal issues in terms we can all understand…