Items Tagged with 'Meredith Whitney'

ARTICLES

  • Meredith Whitney lays down the law

    HW readers, don't miss this -- perhaps the most insightful discussion of the state of the U.S. banking sector I've ever seen. Meredith Whitney, like me, sees most of the banking gains this quarter as being driven less by economic fundamentals and more by accounting artifacts. You're welcome.
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  • Viewpoint: Like Us, Whitney Sees Risks in Fed’s MBS Exit

    HousingWire readers have already been reminded on a number of occasions that the Federal Reserve dominates the agency/GSE MBS market (and has since the purchase plan was announced almost a year ago) and that banks and would-be mortgage borrowers are first in line to be whacked when the Fed exits the MBS market. So I was thrilled yesterday when celebrated bank analyst Meredith Whitney put out an industry note that zeroes in on the Fed’s MBS purchase program; She calls the “Great Exit” the biggest market and bank risk over the next four months.
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  • Analyst: Home Prices Could Fall Another 30 Percent

    Analyst Meredith Whitney, well-known for her work at Oppenheimer & Co. and now at her own firm, told cable television news outlet CNBC Tuesday morning that she expects home prices to fall another 30 percent -- a bearish prediction that, if correct, means that U.S. banks and mortgage lenders may yet have their worst work ahead of them.
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  • Downgrades Outpacing TARP Funding: Analyst

    Meredith Whitney has rightfully made a name for herself throughout the current credit crisis -- mostly by being right in her calls -- and her latest call in a research note late Monday is a doozy. The prominent Oppenheimer & Co. analyst suggested that the pace and effect of securities downgrades in the fourth quarter alone will be enough to eat through the roughly $300 billion in funding provided to banks via the U.S. Treasury through its Troubled Asset Relief Program and associated capital purchase program.
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  • Fannie, Freddie, Wachovia Lead Stock Market Down

    Credit fears remain clearly in investors' view for the second straight week, and shares of dual mortgage finance giants Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] continue their pre-market freefall. Freddie Mac was at 5.55, down nearly 22 percent as of 9:57am; Fannie Mae was at $8.16, down 16.14 percent.
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  • Citi, Merrill, Lehman, WaMu See Shares Hit by Analysts' Calls

    The credit crunch isn't over yet, not with downgrades to major monoline bond insurers and private mortgage insurance providers last week by key credit rating agencies. Not with housing prices still likely to slide further in the months ahead. Not with option ARM resets looming, and HELOCs provining to be problematic That's the message coalescing Monday in two key analyst reports that sent financial and banking company shares tumbling, despite overall recovery in U.S. stock markets on Monday.
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  • Fitch Cuts Ambac to AA; First Monoline to Lose AAA Status

    Fitch Ratings today did what some thought might not happen -- it downgraded a AAA-rated monoline insurer. The rating agency downgraded troubled guarantor Ambac Financial Group and its affliliates, after the insurer said Friday morning that it would abandon a plan to raise the additional capital needed to maintain its rating.
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