Fannie Mae

3 Uncommon Signs That An Economic Collapse Could Happen Soon

As stocks continue to climb and the U.S. economy sustains its third longest period of expansion in history, market forecasters are seeking clues for when our next crisis may strike. So far, three uncommon signals have them worried.

How To Make The Financial System Radically Safer

The best way to regulate banks is to turn over regulatory control to the very exacting, and unsympathetic, order of the market. That is to have little to no regulations and one very specific and uncompromising provision: "There will be absolutely, unconditionally, categorically, no government funded bailouts."

Fannie, Freddie Would Need $100BN Bailout In New Financial Crisis

Fannie Mae and Freddie Mac would need as much as $100 billion in bailout funding in the form of a potential incremental Treasury draw, in the event of a new economic crisis which sends the S&P some 50% lower and results in a failoure of their largest counterparty.

Record Apartment Building-Boom Meets Reality: First CRE Decline Since The Great Recession

The Commercial Property Price Index (CPPI) by Green Street, which tracks the “prices at which commercial real estate transactions are currently being negotiated and contracted,” plateaued briefly in December through February and then started to decline. By June, it was below where it had been in June 2016 – the first year-over-year decline since the Great Recession.

RBS Pays $5.5 BIllion To Settle US Mortgage-Backed Securities Probe

Moments ago Royal Bank of Scotland announced it has agreed to pay $5.5 billion to the U.S. Federal Housing Finance Agency to settle a probe into its sale of toxic mortgage-backed securities ahead of the financial crisis, part of what it says was a “heavy price” paid for over-expansion before the financial crisis.

GDXJ's Epic Rebalance - It's Knife-Catching Time

"In all my years of trading indexes, I have never witnessed that sort of selling in front of a rebalance. These stocks have been pummeled. Devastating.... I am sympathetic to the idea of buying strength instead of extreme weakness. But I am, after all a knife catching addict, and the decline is too hard to resist"

Frontrunning: May 24

  • Trump Meets With Pope Francis After Policy Clashes (WSJ)
  • Fed Minutes to Offer Clues on Debate Over Path of Rate Increases (WSJ)
  • Manchester bomber had 'proven' links to Islamic State (Reuters)
  • U.K. Chides U.S. for Leaking Manchester Bombing Probe Details (BBG)
  • China Handed First Moody's Downgrade Since 1989 on Debt Risk (BBG)

Are US Taxpayers Now On The Hook For Risky Wall Street Real-Estate-Backed Bonds?

This is not a joke... "The BPOs are key elements in securitizations, determining basic figures such as how much rent to charge tenants, how much leverage and risk is embedded in the deal and how much investors could recover if the bonds go sour. Many of the securities were assigned AAA grades and sold off to investors such as pension funds." Is this 2006 or 2017?