Treasuries Rise; Stock Declines Fuel Demand for Government Debt
Bloomberg - Mortgage Debt After the best annual start for Treasuries since 1998, investors are betting the highest-rated mortgage and corporate bonds will outperform as the Fed cuts rates. Pacific Investment Management Co., manager of the …
Paris to ‘block any Societe bids’
BBC News - His lawyers say Societe Generale is using him as a scapegoat to cover up the bank’s wider losses caused by bad US sub-prime mortgage debt. Societe Generale says Mr Kerviel had an unauthorised position, or a bet, worth about 50bn euros on the future …
Commentary: Is Foreclosure Right for You?
There has been plenty of attention given lately to the idea of the so-called ruthless default hat tip goes to Tanta at Calculated Risk here which says that borrowers are becoming increasingly more likely to simply walk away from their mortgages, even if they may have the ability to pay or otherwise have other workout options available to them. Call it jingle mail. Call it the mortgage put option. Call it what you will, but mortgage lenders are becoming increasingly concerned over bad bor