Treasury Department

Originations: Refi Help For Underwater Owners?

Today’s must-read links… -New Government-Assisted Refi Program Coming (MarketWatch) -CHART: Areas With Most-Underwater Homes (NewYorkTimes) -The Eurozone Crisis Explained in Brief (RobertSinn) -Kids With Huge Jobs At Treasury (BusinessWeek) -UK Shifting from ARMs to 30yr Fixed? (FT) -Is Teaching A Profession (Weakonomics)

Bank Downgrades Next

Here we are after S&P’s U.S. downgrade (here’s my take) and stocks are down again and the bond market is rallying. Markets set rates, not rating agencies, and it would seem that money is flowing into bullion and into the bond market, as many expected would happen. Perhaps the United States really is still viewed

Rate Impact of S&P Downgrade (part 3)

After parts 1 and 2 on the rate impact of S&P’s downgrade, here are a few new comments before Asian markets open. We’ll continue to discuss rate impacts as this situation plays out. – The first is not an additional comment but a repeat of what I said yesterday:  S&P is 100% correct that the

The Ultimate USA Downgrade Linkfest

Abnormal Returns masterfully curates the financial media maze daily, and today’s S&P downgrade linkfest is no exception. It’s a broad topic and these links cover the market outlook as well as the political chatter. More on the consumer rate angles coming here on The Basis Point shortly…

The Ultimate USA Downgrade Linkfest

Abnormal Returns masterfully curates the financial media maze daily, and today’s S&P downgrade linkfest is no exception. It’s a broad topic and these links cover the market outlook as well as the political chatter. More on the consumer rate angles coming here on The Basis Point shortly…

WeeklyBasis 7/17: Rate Reactions To Debt Ceiling

Rates were down slightly last week but there’s reason for caution coming into this week: there’s no deal yet on U.S. budget proposals and until there’s a budget agreement, the U.S. debt ceiling won’t be raised. The U.S. will reach its borrowing limit August 2, but it takes time to process legislation and money flows