GOP Senators Gives No Valid Reason To Oppose Watt GOP Senators today dealt a blow to President Barack Obama’s efforts to install his own nominee as regulator of Fannie Mae (FNMA) and Freddie Mac (FMCC), blocking an effort to confirm Representative Mel Watt to the post. Republicans cited misgivings about the qualifications of Watt, a North Carolina Democrat, to lead the Federal […]
The Dubai Economic Comeback Is Going Nuts, And There’s A Surprising New Factor Fueling The Boom Joe Weisenthal of Business Insider wrote a great piece about the Dubai economic comeback. Here’s a fascinating nugget from SocGen strategist Kit Juckes, who just spent some time in Dubai. Everyone knows that there’s a huge real estate boom there […]
JPMorgan Has No Idea What they Bought From The FDIC Matt Levine of Bloomberg wrote a great piece about how JPMorgan Chase has no idea what WaMu Assets They Bought From The FDIC You may have heard that the nation’s third largest bank is paying a lot of people billions of dollars to settle those […]
John Gittelsohn & Heather Perlberg from Bloomberg wrote a great piece about Blackstone Funding Steve Schwarzman’s Blackstone Group LP (BX) has spent $7.5 billion acquiring 40,000 houses in the past two years to create the largest single-family rental business in the U.S. The private-equity firm is now planning to sell bonds backed by lease payments, the latest step in […]
Citigroup Selling Servicing Rights as Banks Retreat The U.S. mortgage market’s largest lenders like Citigroup are pulling back amid looming regulations and a drop in refinancing that fueled record profits last year. Bloomberg via National Mortgage News Citigroup Inc., the third-biggest U.S. bank, is selling mortgage-servicing rights on $63 billion of loans, or about 21 […]
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