Monthly Archives: March 2011

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Redwood Trust sells new round of mortgage-backed securities

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Redwood Trust, a loan securitizer in Mill Valley, Calif., sold $290 milllion in securities backed by prime jumbo residential mortgage loans to institutional investors in a public offering March 1 that was handled by underwriters Credit Suisse Securities (USA) LLC, … Continue reading

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RepoWatch roundup of too-big-to-fail institutions

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RepoWatch’s quarterly roundup of too-big-to-fail financial institutions shows who are the biggest and who are the riskiest. RepoWatch tracks these banking giants because repo is a major way they finance their growth, and when there’s a run on repo it’s … Continue reading

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Fannie and Freddie limit systemic risk

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The paradox of government guarantees, like those provided by Fannie Mae and Freddie Mac in housing, is that they encourage lenders to take on too much risk – knowing that the risk will fall to the taxpayer, not the lender … Continue reading

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Government needs to enforce transparency in housing securitization

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In discussions of what to do about Fannie Mae and Freddie Mac, some people are recommending that government get out of housing finance entirely. That would be a mistake, say economists Adam Levintin and Susan Wachter writing in The New … Continue reading

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RepoWatch roundup of securitization data

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RepoWatch’s quarterly roundup of securitization data shows no sign that securitization – and the credit it provides businesses and consumers – is reviving. RepoWatch tracks securitization because it was the combination of repos and securitization, which Yale professor Gary Gorton … Continue reading

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RepoWatch roundup of repo data

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Last updated June 26, 2012 RepoWatch’s quarterly roundup of repo data shows a very slow-growing financial market dominated by the mega-banks and still relying largely on collateral that is guaranteed by the U.S. taxpayer: PRIMARY DEALERS (1) Federal Reserve primary dealers, repo volume, … Continue reading

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Bloomberg: Repo news briefs

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Recent  briefs from Bloomberg. For more detail, click on links: March 2: Remember when the Federal Reserve was keeping short-term repo rates low after the dot.com and Internet busts and the 9/11 attacks? Some blame those low interest rates for fueling the destructive … Continue reading

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FSOC studies data needed to spot systemic risk

Bloomberg has obtained a copy of a confidential Feb. 3 study by the Financial Stability Oversight Council that discusses data the council needs in order to be able to determine when a financial institution poses systemic risk to the financial … Continue reading

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Critics question proposals to replace Fannie, Freddie

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The Obama Administration proposals to replace Fannie Mae and Freddie Mac include one option that essentially continues the old regime but under a new name, some critics told The American Banker. Option three would have the government sell reinsurance to … Continue reading