Bear Stearns Makes $1 Billion Bet on Continued Subprime Woes

Mark Baum says 0% :-) Bear Stearns, bitten badly by the housing crash, is short more than $1 billion on subprime mortgage securities — a big bet by the investment bank that the woes that have driven a historic collapse in.

MBA: New home purchase mortgage apps rise 5% MBA, which released its forecast on Tuesday in conjunction with its annual convention and expo, anticipates that purchase mortgage originations will grow by 7.3 percent, to a total of $1.2. The path to owning your own home isn’t just a checkbox on life’s to-do list.

Interactive Mortgage Advisors has a $1.2 billion Fannie Mae and Ginnie Mae bulk residential MSR offering: 3.75% wac, with a wide geographic dispersion, sub-serviced by DMI, and with a weighted. And earlier this month, $1.2 billion more in MSRs was brought to the market, boasting Fannie and Ginnie-backed loans.

ADP optimistically predicts flat job growth The ADP National Employment Report showed private employers added 213,000 jobs in January, falling short of the median. reported slightly disappointing fourth quarter sales and predicted 2015.

"At the end of the day, I’d like someone to be honest with me about what’s going on," says one investor in the hedge fund, which bet heavily on bonds backed by subprime. to $1.25 billion. But the.

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"Notwithstanding that Bear Stearns continued to have high quality collateral to provide as security for borrowings, market counterparties became less willing to enter into collateralized funding arrangements with Bear Stearns," said Cox. bear stearns’ liquidity pool started at $18.1 billion on March 10 and then plummeted to $2 billion on March 13.

In addition, Bear Stearns was carrying more than $28 billion in ‘level 3’ assets on its books at the end of fiscal 2007 versus a net equity position of only $11.1 billion. This $11.1 billion supported $395 billion in assets , [9] which means a leverage ratio of 35.6 to 1.

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