Interesting Bill Gross interview on CNBC today, following the release of his September investment outlook. In full video below he admits he was wrong on Treasury demand waning, and his long-term-slow-growth theme is best captured in this excerpt: Free market capitalism depends on a balanced market between labor and capital. And clearly we’re reaching a [...]
Posts Tagged ‘PIMCO’
Originations 7/13: U.S. Home Prices Undervalued
-Fed Wants Out & Here’s Their Plan (HSH) -Can’t Sell Your Home? Consider Renting It (MSNBC) -Sorry & Pity of Another Liquidity Trap (Bloomberg) -Cost of owning 150,000 foreclosed homes (NPR via RC) -US Debt A Bad Bet But Gross Buying Anyway (InvestmentNews) -Will Fed Really Need to Sell Mortgage Bonds? (MortgageNewsDaily) -Countries Where Global [...]
Originations 7/5: Rest Of 2010 Economic Outlook
-How To Fix U.S. Job Market (Bill Gross, PIMCO) -Tea Party’s New Role Model: Mike Lee (Politico) -China Bears Are Dead Wrong: Jim Rogers (CNBC) -Banks Easing Terms On Loans Deemed As Risks (NYT) -How To Tell If Markets Freak Out About Debt Limit (WaPo) -John Mauldin’s Outlook on Second Half of 2010 (Minyanville) -Secrets [...]
Originations 7/1: 10yr Treasury Yields Exploding
-8 Reasons I’m Glad I’m American (LendingTree via FiscalFizzle) -Bair Expects FDIC Fund To Turn Positive In June (HousingWire) -PIMCO’s MBS Head Scott Simon On Housing Outlook (PIMCO) -Time To Be Bullish On Homebuilders? (TradingFloor.com) -Guide to SEC’s Securitization Reform Plan (MortgageOrb) -Corcoran On What Homebuyers Get For $400k (MSNBC) -US 10yr Treasury Yields Exploding [...]
Bloomberg headline: PIMCO’s Balls On Greece
Come on Bloomberg, that’s just a rude headline. Click pic for video.
Originations 5/4: Half Of Hombuyers Don’t Understand Mortgages
Today’s links on uninformed homebuyers, fate of mortgage brokers (and Freddie Mac, and the entire industry), plus a Lamborghini chase! -Homebuyers Lack Essential Knowledge (MortgageOrb from Zillow study) -PIMCO’s Gross Says Bond Yields Might Not Spike (Colin Barr, Fortune) -Freddie Mac capital markets chief resigns (HousingWire) -Can Mortgage Industry Clean Up, Pull Together (Nick Timiraos, [...]
Future of Mortgages, part 6: REITs raising jumbo loan funds
Merrill Lynch/Banc of America sent out a list of recent REIT filings, which continue at a record pace. Last week I was on a panel at a conference in California focused on the future of jumbo lending, and residential mortgage REIT’s may figure prominently in that. REIT’s clearly have become, with their leverage of 5×1, [...]
PIMCO’s new MBS fund. Builders enter rental business.
Yesterday’s DailyBasis discussed REIT’s raising money to buy MBS’s, then a story broke about PIMCO doing exactly that! There is, of course, little correlation, and granted, the $600 million that Pacific Investment Management Co. is raising is less than the average daily volume of MBS’s traded in the market, but it is a good sign. [...]
Don’t Act Surprised By Bill Gross Selling Bonds
Stocks are up today (Dow +20, S&P +3) and bonds are down sharply (10yr Note -53ps, FNMA 30yr 4% coupon -50bps) on continuing inflationary sentiment. Rates rise when bond prices drop in a selloff, and banks are revising rates higher this morning. Last week Bill Gross, head of PIMCO the world’s largest bond manager, said [...]
Could U.S. Government Qualify For A Mortgage?
Yesterday was the one year anniversary of QE1 ending. QE1 was a $1.25 trillion Fed mortgage bond buying campaign that began January 2009. Then QE2, a $600b Fed Treasury bond buying campaign began November 2010 and will end June 30. Last month, bond king Bill Gross asked who would buy these securities when the government [...]
