Fed Mortgage Rate Help Waning? Let it happen or make it happen, it’s up to you! Or, with mortgage rates, it is up to the Fed. The Fed’s buying mortgage-backed securities has kept mortgage rates low, right? And one way to attract private investors to buy mortgage securities is to make the yield attractive, right?
Office of Thrift Supervision
It’s been well known that private equity firms are a viable white knight for banks who are temporarily troubled but may be good bets long term. So if they take majority stakes in banks, are they subject to the same rules as banks, or is this an end-run around the rules? According to a Bloomberg
Jay Leno said, “Barack Obama says one of his top priorities once he becomes president is closing down Guantanamo Bay. To make sure it closes, he’s going to turn it into a bank.” Factoid About National Highway System Years ago I’d heard a rumor that, for Interstate Highways built in the 1950’s, every five miles
AmTrust Bank In Trouble The Office of Thrift Supervision issued simultaneous cease and desist orders against AmTrust Financial Corp. and unit AmTrust Bank. The orders require the holding company and its nondepository subsidiaries to: Seek prior approval from the OTS before incurring, issuing, renewing or rolling over any debt, increasing any lines of credit or
In a press release 4 days ago, IndyMac said they were shutting down their retail and wholesale lending units but keeping their 33 branch banking network. The next day, a private equity firm purchased IndyMac’s retail lending operations for an undisclosed amount. Today, the Office of Thrift Supervision shut down IndyMac’s retail banking operations and