[CAwireman]

Pretty interesting info.

If you can find a source to show the number and % ARM and ALT-A loans by San Diego Zipcode, per year beginning with 2004, I’d be very interested in that!

Any possibility? Thanks for the link to the article.

HiggyBaby

[CAwireman]

Pretty interesting info.

If you can find a source to show the number and % ARM and ALT-A loans by San Diego Zipcode, per year beginning with 2004, I’d be very interested in that!

Any possibility? Thanks for the link to the article.

HiggyBaby

[CAwireman]

sdr,

The comments are both helpful and priceless!

Thanks for the update,

HiggyBaby

[CAwireman]

sdr,

The comments are both helpful and priceless!

Thanks for the update,

HiggyBaby

[CAwireman]

sdr,

The comments are both helpful and priceless!

Thanks for the update,

HiggyBaby

[CAwireman]

Finished out almost flat (DOW – 15, NASDAQ down – .7, and S&P up +4.5.)

Helps to keep the market from careening off a cliff….

HiggyBaby

[CAwireman]

Finished out almost flat (DOW – 15, NASDAQ down – .7, and S&P up +4.5.)

Helps to keep the market from careening off a cliff….

HiggyBaby

[CAwireman]

Finished out almost flat (DOW – 15, NASDAQ down – .7, and S&P up +4.5.)

Helps to keep the market from careening off a cliff….

HiggyBaby

[CAwireman]

Quick snapshot: Dow – 102, NASDAQ – 8.2, S&P – 6.49
Let’s wait until the large lady sings at the end of the
day.

If anyone can give me a “follow the money” version of what the central banks are doing with the money they are infusing into the system and how it helps. Thanks all.
_________________________________________________

Stocks Extend Slide on Countrywide News
08/16/07 10:28 EDT
By JOE BEL BRUNO

NEW YORK (AP) – Stocks fell sharply Thursday after investors were shaken by problems at Countrywide Financial Corp. that confirmed fears of widening credit problems and after the Federal Reserve injected $17 billion of liquidity into the banking system. The Dow Jones industrial average fell 130 points.

Investors’ confidence, already diminished by months of bad news about mortgages and credit, took a further drubbing after Countrywide, the nation’s largest mortgage lender said it was forced to draw on an $11.5 billion credit line to fund operations.

And, Wall Street seemed unfazed as the New York Fed – which carries out the central bank’s market operation – announced an overnight repurchase agreement worth $12 billion. This was on top of a 14-day “repo” worth $5 billion announced before the market opened.

Central banks around the world have been supplying billions of funds to banks in the past week to make cash available for lending and keep interest rates from rising amid signs that credit was drying up. The Fed uses a repo to buy securities from dealers, who then deposit the money into commercial banks.

HiggyBaby

[CAwireman]

Quick snapshot: Dow – 102, NASDAQ – 8.2, S&P – 6.49
Let’s wait until the large lady sings at the end of the
day.

If anyone can give me a “follow the money” version of what the central banks are doing with the money they are infusing into the system and how it helps. Thanks all.
_________________________________________________

Stocks Extend Slide on Countrywide News
08/16/07 10:28 EDT
By JOE BEL BRUNO

NEW YORK (AP) – Stocks fell sharply Thursday after investors were shaken by problems at Countrywide Financial Corp. that confirmed fears of widening credit problems and after the Federal Reserve injected $17 billion of liquidity into the banking system. The Dow Jones industrial average fell 130 points.

Investors’ confidence, already diminished by months of bad news about mortgages and credit, took a further drubbing after Countrywide, the nation’s largest mortgage lender said it was forced to draw on an $11.5 billion credit line to fund operations.

And, Wall Street seemed unfazed as the New York Fed – which carries out the central bank’s market operation – announced an overnight repurchase agreement worth $12 billion. This was on top of a 14-day “repo” worth $5 billion announced before the market opened.

Central banks around the world have been supplying billions of funds to banks in the past week to make cash available for lending and keep interest rates from rising amid signs that credit was drying up. The Fed uses a repo to buy securities from dealers, who then deposit the money into commercial banks.

HiggyBaby

[CAwireman]

Quick snapshot: Dow – 102, NASDAQ – 8.2, S&P – 6.49
Let’s wait until the large lady sings at the end of the
day.

If anyone can give me a “follow the money” version of what the central banks are doing with the money they are infusing into the system and how it helps. Thanks all.
_________________________________________________

Stocks Extend Slide on Countrywide News
08/16/07 10:28 EDT
By JOE BEL BRUNO

NEW YORK (AP) – Stocks fell sharply Thursday after investors were shaken by problems at Countrywide Financial Corp. that confirmed fears of widening credit problems and after the Federal Reserve injected $17 billion of liquidity into the banking system. The Dow Jones industrial average fell 130 points.

Investors’ confidence, already diminished by months of bad news about mortgages and credit, took a further drubbing after Countrywide, the nation’s largest mortgage lender said it was forced to draw on an $11.5 billion credit line to fund operations.

And, Wall Street seemed unfazed as the New York Fed – which carries out the central bank’s market operation – announced an overnight repurchase agreement worth $12 billion. This was on top of a 14-day “repo” worth $5 billion announced before the market opened.

Central banks around the world have been supplying billions of funds to banks in the past week to make cash available for lending and keep interest rates from rising amid signs that credit was drying up. The Fed uses a repo to buy securities from dealers, who then deposit the money into commercial banks.

HiggyBaby

[CAwireman]

Stocks are basically flat on Wednesday at noon, Eastern
time (actually down 9 pts on the Dow).

Stocks Edge Up After Fed Adds Liquidity [??]
08/15/07 11:23 EDT
By MADLEN READ

NEW YORK (AP) – Stocks recovered some ground Wednesday, drawing some reassurance from the Federal Reserve’s announcement that it was adding more cash to the banking system.

The market changed course several times in early trading amid conflicting announcements from the New York Fed over its plans to make a repurchase agreement – in which it arranges to buy securities from dealers, who then deposit the money the Fed has paid them into commercial banks.

Ultimately, the Fed said it would buy $7 billion, following the Canadian central bank’s announcement that it has temporarily expanded the list of eligible collateral it will accept when it makes injections. Central banks worldwide have supplied billions of funds to banks over the past week to make cash available for lending and keep interest rates stable amid signs that credit was drying up.

Now, Wall Street is curious if the Fed will cut interest rates at its Sept. 18 meeting. On Wednesday, the Labor Department said its Consumer Price Index – a gauge of price inflation on food, energy and consumer products – rose 0.1 percent in July, meeting the consensus forecast of economists polled by Thomson Financial.

Price pressures have been keeping the Fed from lowering rates – a move that would free up more cash and that could trigger a rally in the Dow, which is now nearly 1,000 points below its record close in mid-July above 14,000.

“Yes, the market would probably move dramatically higher if they made a cut,” said Linda Duessel, market strategist at Federated Investors in Pittsburgh. “But I think it’s more prudent to allow this correction to continue to unfold. After all, we’re in the month of August and coming into September – historically, the weakest months of the year. The market has been in need of a correction.”

http://money.aol.com/marketnews/article

HiggyBaby

[CAwireman]

Stocks are basically flat on Wednesday at noon, Eastern
time (actually down 9 pts on the Dow).

Stocks Edge Up After Fed Adds Liquidity [??]
08/15/07 11:23 EDT
By MADLEN READ

NEW YORK (AP) – Stocks recovered some ground Wednesday, drawing some reassurance from the Federal Reserve’s announcement that it was adding more cash to the banking system.

The market changed course several times in early trading amid conflicting announcements from the New York Fed over its plans to make a repurchase agreement – in which it arranges to buy securities from dealers, who then deposit the money the Fed has paid them into commercial banks.

Ultimately, the Fed said it would buy $7 billion, following the Canadian central bank’s announcement that it has temporarily expanded the list of eligible collateral it will accept when it makes injections. Central banks worldwide have supplied billions of funds to banks over the past week to make cash available for lending and keep interest rates stable amid signs that credit was drying up.

Now, Wall Street is curious if the Fed will cut interest rates at its Sept. 18 meeting. On Wednesday, the Labor Department said its Consumer Price Index – a gauge of price inflation on food, energy and consumer products – rose 0.1 percent in July, meeting the consensus forecast of economists polled by Thomson Financial.

Price pressures have been keeping the Fed from lowering rates – a move that would free up more cash and that could trigger a rally in the Dow, which is now nearly 1,000 points below its record close in mid-July above 14,000.

“Yes, the market would probably move dramatically higher if they made a cut,” said Linda Duessel, market strategist at Federated Investors in Pittsburgh. “But I think it’s more prudent to allow this correction to continue to unfold. After all, we’re in the month of August and coming into September – historically, the weakest months of the year. The market has been in need of a correction.”

http://money.aol.com/marketnews/article

HiggyBaby

[CAwireman]

Stocks are basically flat on Wednesday at noon, Eastern
time (actually down 9 pts on the Dow).

Stocks Edge Up After Fed Adds Liquidity [??]
08/15/07 11:23 EDT
By MADLEN READ

NEW YORK (AP) – Stocks recovered some ground Wednesday, drawing some reassurance from the Federal Reserve’s announcement that it was adding more cash to the banking system.

The market changed course several times in early trading amid conflicting announcements from the New York Fed over its plans to make a repurchase agreement – in which it arranges to buy securities from dealers, who then deposit the money the Fed has paid them into commercial banks.

Ultimately, the Fed said it would buy $7 billion, following the Canadian central bank’s announcement that it has temporarily expanded the list of eligible collateral it will accept when it makes injections. Central banks worldwide have supplied billions of funds to banks over the past week to make cash available for lending and keep interest rates stable amid signs that credit was drying up.

Now, Wall Street is curious if the Fed will cut interest rates at its Sept. 18 meeting. On Wednesday, the Labor Department said its Consumer Price Index – a gauge of price inflation on food, energy and consumer products – rose 0.1 percent in July, meeting the consensus forecast of economists polled by Thomson Financial.

Price pressures have been keeping the Fed from lowering rates – a move that would free up more cash and that could trigger a rally in the Dow, which is now nearly 1,000 points below its record close in mid-July above 14,000.

“Yes, the market would probably move dramatically higher if they made a cut,” said Linda Duessel, market strategist at Federated Investors in Pittsburgh. “But I think it’s more prudent to allow this correction to continue to unfold. After all, we’re in the month of August and coming into September – historically, the weakest months of the year. The market has been in need of a correction.”

http://money.aol.com/marketnews/article

HiggyBaby

[CAwireman]

So, people think WaMu is a safe place for CD’s?

Additional comments anyone?

HiggyBaby

[Author]

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