Off to Bloomberg TV

last minute call

I should be on after 2:00 pm

be back soon . . .

Category: Media

Quote of the day: Moral Hazard

Category: Credit, Derivatives, Psychology

Attention Robert Novak: The Fed isn’t at Neutral

Category: Data Analysis, Federal Reserve, Financial Press

The Negativity Bubble

Category: Psychology

Global Returns: YTD, QTD

Category: Investing, Markets

SPX: Flat negative for the Year

Category: Investing, Markets, Psychology, Technical Analysis, Trading

Raging Bull

Category: Markets, Psychology

How To Speak Hedgie

Category: Hedge Funds

Ratings Agencies 2007 = Equity Analysts 2000 ?

Category: Credit, Derivatives, Hedge Funds, Psychology, Real Estate

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 . . .

Read More

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