HousingWire TECH100 winner FormFree issued pioneering patent

HousingWire TECH100 winner FormFree issued pioneering patent

All-digital verification is now a thing

Ginnie Mae ditches paper and goes eMortgage

Electronic filing to start very soon

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation
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Items Tagged with 'trader'

ARTICLES

SEC tells two Wall Street bond traders this isn't Monopoly

Accused of Free Parking
February 4, 2014
Two Wall Street traders are charged with involvement in a “parking” scheme that arranged for one to purchase several securities with the understanding that the other would repurchase them at a profit in order to skirt around company rules.
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Big banks debate blocking traders from chat rooms

November 11, 2013
Amid regulatory scrutiny, top banks are debating a plan that would block traders from computer chat rooms to ward off controversy in the wake of interest-rate rigging and trading scandals.
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Traders tangled in Fed uncertainty

Mixed signals keep traders guessing
August 15, 2013
Traders are weighing in on an assortment of concerns and the threat of the Federal Reserve pulling back bond purchases, making it difficult for traders to sift through what evidence to act on.
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Mortgage investors call robo-signing settlement a '401(k) tax'

June 7, 2012
A panel of mortgage bond investors complained to a House subcommittee Thursday about having to bear some of the burden in a $25 billion settlement with...
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The more the Fed changes, the more it stays the same

November 3, 2010
The Federal Open Market Committee is going forward with its highly anticipated quantitative easing, version 2. The program announcement should not be a shock, except that the secondary market participants were banking on a Treasury focus. It's still not quite certain that's what they got. "Fear that the Fed may whisper the word 'mortgage' initiated the emergency MBS buy and hold program," joked an MBS trader in a mass e-mail.
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Common misconception: Wall Street execs make all the cash

October 12, 2010
CNN Money released a list of the top 20 highest paying jobs -- and to the surprise of many here in the newsroom -- not one position on Wall Street was listed. Indeed, financial firms employees are persona non grata. Yes, not one hedge fund manager, not one stock trader, not one bank executive, not one mortgage broker made the top 20. In short, no one who would read this website is on this list. What gives? We're working hard here!
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In defense of FHLB advances

October 8, 2010
When I spoke to a trader at one of the two big banks that operate a covered bond platform in the U.S., he told me that his boss would always show a preference to Federal Home Loan Bank advances as long as there is no established covered bond platform in the U.S. Since then, I wrote an article that referred to advances from FHLB as being less efficient than covered bond financing. Well, the banks disagree. And in the spirit of balance and open dialogue in the financial markets, those concerns are republished below:
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In the Search for Non-Agency MBS Trading, Can I Get a PPIP?

July 28, 2010
HousingWire publisher Paul Jackson just sent me an email in reference to an article by Jody Shenn called "Mortgage-Bond Spreads Surpass Lows Reached During Fed Buying" to which our publisher commented that, "Treasuries are too rich for buyers, so they're flooding the agency MBS space."
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What do stock crashes, your 401k, and Tom Petty have in common?

May 7, 2010
This crossed my desk this morning, from a trader at JPM -- those of you in the secondary markets know well who this is from, but I thought I'd share. Make sure to sing in your best "Free Fallin'" impersonation, a la Tom Petty! There's no good bid, my 401k lost a comma. Help me Jesus, Greece and Portugal too! Hit another back bid, feels like I got kicked in the pelvis But I throw parties - at the Central Park Zoo. It's been a long day, just downed my fifth Stoli
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Pass Throughs Pass Treasuries

April 26, 2009
Analysts in the residential mortgage-backed securitization (RMBS) arena report that 30-year pass throughs (coupons) outperformed Treasuries last week. While this is not an indication of a rally, the higher profitability of RMBS pass throughs may begin to entice more investors into the mortgage investment space. A pass through, a hallmark of securitization structuring, represents how much an investor gets paid after all fees and services are taken.
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