TARP Paybacks, CMBS Placements, Inflation Tame

The woman applying for a job in a Florida lemon grove seemed way too qualified for the job. “Look Miss,” said the foreman, “have you any actual experience in picking lemons?” “Well, as a matter of fact, yes!” she replied. “I’ve been divorced three times.” 3 Bits of Good Mortgage Industry News We had three

Stress Test Results: Banks Need About $65b

Later today, results of the government conducted stress tests on the nation’s 19 largest are likely to reveal that some of these banks will need about $65 billion in additional capital, maybe more. Banks who need to raise money to cover potential losses in the coming two years are as follows: Bank of America Bank

AP: Highest Paid CEOs in 2008

According to the Associated Press, here are the 10 highest-paid CEOs for 2008 at Standard & Poor’s 500 companies based on AP calculations. The analysis includes companies that filed proxy statements with the Securities and Exchange Commission between Jan. 1 and April 20. The total pay figures are rounded and are based on the AP’s

Amex Access to TARP, Massive Citi Job Cuts, $625k Loan Rates,

American Express is now trying to find access to the $700 billion bailout fund. It’s not clear what Amex would do with the money, but it may pay off its huge Visa and Mastercard bills. MBS Quotes Occasionally people in the mortgage biz want mortgage-backed security prices. Although there is a cost for real-time quotes,