GLG News by Mortgage Brokers

Any step to infuse capital in the limping mortgage market is a good thing. But in  comparison to the mortgage crisis at large this is just a drop in the bucket. The real problem stems from consumer liquidity and their lack financial strength and credit worthiness. Once again the real problem...

    Feds involvment is way to soon!

Fed shows it is reactive rather than proactive. They waited until investors were stampeding to the exits to react in a desperate manner. Markets have lost some of its confidence with Ben Bernanke and the honeymoon is over. Traders do not feel that he is atuned to the markets as the Maestro (Alan Greenspan)....

The fact that there is going to be an increase in subprime losses is a given.  Many companies that invested in securities that are backed by these loans are going to take substantial hits to their balance sheets, because of these assets.  Also, new mortgage backed securities are taking...

Bank of america needs to adopt a more gracious policy when dealing with its customers to insure that it maintains them as future customers.  These people will talk and their potential customers will decrease if they have a hard ball image.

But the superfund SIV that will be funded by the “banks” is bunk, and will be done as follows. 1)The Banks are thin on liquidity 2) The bank CPA and auditors said to them 2 weeks ago, “we are not going to roll over, you need to address these SIV’s, your commercial paper, or I will not sign your annual...

It is redundant and not very useful research. Same data is readily available with any mortgage amortization software.

HOW low can the dollar go? The short answer is that nobody knows but expert opinion generally agrees the greenback still has some way to fall, if only because of the outlook for America. "Currency investors continue to fear the implications of a worldwide credit squeeze on the US economy," dollar guru...

The market is fixated on the unemployment reports as the basis for cutting the Fed Funds rate on Sept 18th. Crying that we need the relief.  I have long argued, and Mr. John Bougearel has pointed out in his post http://news.glgroup.com/cm/Analysis/PostDetail.aspx?pid=16348 that the ever widening...

It will be everyone's problem if the FED and Treasury pander to the market. The time is upon the leaders of the FED and Treasury to maintain a very steady course. The risks to the global financial system are the highest in over a century.   What is the LIBOR market saying? With spreads widening...