Goldman, US Bank Earnings Goldman announced its 1st quarter earnings today. Earnings rose 91% in the quarter, to $3.46 billion, up from $1.81 billion in the same period last year, while revenues increased 36 percent to $12.78 billion, up from $9.42 billion in the quarter a year ago. The bank’s bond, commodities and currency trading [...]
Posts Tagged ‘Leading Indicators’
Will Private Mortgage Insurance Return As Alternative To FHA For Homebuyers With Less Than 20% Down?
Largest Mortgage Lenders & Investors Who were, and probably still are, the largest mortgage lenders/investors in 2009? There were no real surprises.
Rates Drop With Stocks, Is Bank Tax OK?, $118b In Treasury Auctions, Lender Views On Regs & Costs
In Favor Of Bank Tax Yesterday I noted a few comments by Warren B. about the tax on banks. In an effort to give equal time, many feel that a bank tax is fine. They say that because the government is already giving the banks money at 0% and the banks are buying treasuries and [...]
Mortgage Banker Average Pay, FHA Appraisal Rules, Rates Net Even Since Yesterday
Mortgage Banker Average Pay Is your company making more or less than $902 on each loan? The MBAA reports that independent mortgage bankers made about 50 basis points, or $902, on average, during the third quarter. This is down from the $1,358 profit during the second quarter. The lenders which make up the MBAA’s study [...]
Will Jumbos Ever Come Back?, More on Short Sale/Foreclosures, Philly Fed & Leading Indicators,
One top ex-secondary guy wrote to me and said, “Things I sort of miss hearing in mortgage banking: “What are rates gonna do tomorrow?” “Why is IndyMac a point better than we are?” Anything associated with “Did you hear what they said on CNBC this morning…….?” “How come I’m losing money on the hedge?” And [...]
Repeal of Appraisal Regs?, More Bank Earnings, Sixth Straight LEI Increase, Treasury Auctions Next Week
Do the “Alphabet Song” and “Twinkle, Twinkle Little Star” have the same tune? And did you just try singing the two songs?
What will Fed Do After Tomorrow’s Meeting?, Fannie Mae Going Green?
Guy at the bar: “I drink to forget’. Other guy: “Me too. Why do you?” That is a reminder that no one should forget that the economy moves in cycles. Tomorrow we will have the conclusion of the FOMC meeting, and the statement is widely expected to indicate an improved growth prospect for the economy [...]
Biggest Frauds In Lending, PIMCO Cuts Bond Holdings, Leading Indicators Up
What were Adam’s first words to Eve? They were rumored to have been: “Stand back Eve, I’m not sure how much bigger this thing is going to get!” How big is the current fraud trend, or so it seems, going to become? Fraud continues to be everywhere in the newspapers. Obviously the risk of perpetrating [...]
Is Fed Backing Off MBS Buys?, Leading Indicators Up 1%, Philly Fed Declines Ease
Fed Mortgage Rate Help Waning? Let it happen or make it happen, it’s up to you! Or, with mortgage rates, it is up to the Fed. The Fed’s buying mortgage-backed securities has kept mortgage rates low, right? And one way to attract private investors to buy mortgage securities is to make the yield attractive, right? [...]
Leading Indicators -0.3%, Mortgage Industry News Roundup
I am very happy that the markets have been rallying after the Treasury said it was going to help banks sell off their toxic assets. I’m no economist, but maybe you should stop calling them “toxic assets”. It makes me want to head off to K.F.C. and buy salmonella chicken and then head to GM [...]
