Posts filed under “Derivatives”

Open Thread: Closing the Barn Door on Sub-Prime ARM Mortgages

To be filed under "Better-Late-Than-Never" regulatory actions: The Federal Reserve is considering the following changes in Sub-Prime lending disclosures:

The federal financial regulatory agencies today issued proposed illustrations
of consumer information for certain adjustable-rate mortgage (ARM) products
described in the agencies’ Statement on Subprime Mortgage Lending (Subprime
Statement), effective July 10, 2007. The Subprime Statement recommends
communications that ensure consumers have clear, balanced, and timely
information about the relative benefits and risks of certain ARM products. The
illustrations are intended to assist institutions in providing this information.

(Below is a table of the proposed changes)

So is this a case of too-little-too-late, or might this actually accomplish something positive?

What say ye?

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click for larger table
Sample_loans

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The rest of the proposed changes are after the jump . . .

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Category: Credit, Derivatives, Federal Reserve, Psychology, Real Estate

Goldman Sachs Conference Call Highlights

Category: Corporate Management, Derivatives, Earnings, Hedge Funds

Open Thread: Fed Intervention

Category: Credit, Derivatives, Federal Reserve

The Greenspan Kaput

Category: Books, Derivatives, Federal Reserve, Markets, Psychology

Open Thread: Rescue Me!

Category: Credit, Currency, Derivatives, Federal Reserve, Markets, Psychology

Category: Credit, Derivatives, Psychology

Time to Warm Up The Helicopters?

Category: Credit, Derivatives, Federal Reserve, Psychology

Advice for Rich Uncles and Others . . .

Category: Credit, Derivatives, Investing, Markets

Open Thread: Bear Stearns

Category: Corporate Management, Credit, Derivatives, Finance, Psychology, Trading

A Short History of the Credit Boom & Bust

Category: Credit, Derivatives, Finance, Markets, Psychology, Real Estate