Financial Mortgage Rates - Fix Rates, 30 Year, Arm

Ignoring Fannie and Freddie, the Gigantic Subprime Elephants in the Room (at Minyanville)
Disregarding their threat, as the Dodd Frank Act did, is setting the stage for another housing bubble.

The Financial Panic: Never Again (at Forbes)


U.S., European bank writedowns, credit losses (at Reuters)


Moody's Begins to Close the Ratings Uplift Gap (at Minyanville)
Clearly, the long-term debt ratings of the world's largest banks are dependent on both the willingness and the ability of governments to support them.

Dow Tests Semiannual Risky Level at 10,558 (at Minyanville)
Daily and weekly value levels are 10,296 and 10,212 with my annual pivot at 10,379.

The financial case for renting vs. buying a home (at Fortune)
Home ownership was the gold standard American Dream. But the financial crisis showed owning can easily be a nightmare.

Treasury moves on US housing finance reform (at Financial Times)
The Obama administration sought to regain the initiative on Tuesday on reform of US housing finance, calling a public meeting on the issue next month as it prepares to deliver an overhaul plan for Fannie Mae FNM and Freddie Mac to Congress in January.

State may kill $30M in energy grants (at bizjournals.com)


Stop Focusing On Your Core Business (at Forbes)


Foreclosures jump among prime US borrowersso-called (at Financial Times)
Credit-worthy borrowers with straightforward mortgages are entering foreclosure at a record pace, according to a report released on Tuesday by Lender Processing Services, which tracks and analyses mortgages.

Hedge Against Market Risk With Default Servicers (at TheStreet.com)


233-unit Clairmont apartments near airport fetch $6.5 million in foreclosure sale (at bizjournals.com)


Some Perspective on Bank Loan Loss Provisions (at Minyanville)
What we're witnessing with respect to bank loan loss reserves this quarter may be all a function of timing, not a fundamental improvement in the economy.

Loan Options for the Credit-Score Challenged (at TheStreet.com)


Time for true debate on Fannie and Freddie (at Financial Times)
When the results of bank stress tests are released on Friday in Europe, there will be a flurry of hand-wringing about the capital hole - and who is going to plug it, or bear losses.

[$$] Sovereign Debt Is Far From Crisis Level (at TheStreet.com)


Economy Still Weak, Risk Not Rewarded: Travelers CEO (at CNBC)


Too Big to Trust (at Forbes)