Tuesday, 19 Oct 2010 | 4:05 PM ET

The Securitization Market Is Seizing Up

Posted By: Lori Ann LaRocco
After my interview with Andy Sandler of Buckley Sandler, who said he is seeing a freezing of the credit markets because of the foreclosure fiasco and put-back tsunami, I decided to call on one of the well known banking experts in the market—David Ellison, Portfolio Manager of the five star FBR Small Cap Financial Fund. »Read more
  Tuesday, 19 Oct 2010 | 1:01 PM ET

Three Fund Manager Titans Who Have A Lot To Lose In A Put-Back Apocalypse

Posted By: John Carney
Josh Brown over at the Reformed Broker blog explains who has a lot to lose if the worst fears of the put-back apocalypse become a reality. »Read more
  Tuesday, 19 Oct 2010 | 11:22 AM ET

Banks Are Way Too Complacent About Put-Backs

Posted By: John Carney
On Tuesday’s third-quarter earnings call, Bank of America’s executives downplayed the possibility that problems with bubble-vintage mortgage securitization could lead to a tsunami of mortgage repurchases—that would, in turn, punch a huge hole in bank balance sheets. »Read more
  Tuesday, 19 Oct 2010 | 10:49 AM ET

Bank of America’s New Egalitarianism Means Higher Fees For Most Customers

Posted By: John Carney
As it turns out, consumer protection will mean more banking fees for most consumers. »Read more
  Tuesday, 19 Oct 2010 | 9:48 AM ET

We Could Be Headed For A Put-Back Tsunami

Posted By: Lori Ann LaRocco
When news broke that problems with the foreclosure process at several large banks broke, several Capitol Hill lawmakers began calling for a national moratorium on foreclosures. Although the Obama administration has refused to jump on this bandwagon, it’ s worth considering the likely consequences of a national freeze. »Read more
  Tuesday, 19 Oct 2010 | 8:39 AM ET

Goldman Beats The Street — But Not Impressively

Posted By: Ash Bennington
A roundup of the morning headlines. »Read more
  Monday, 18 Oct 2010 | 6:04 PM ET

Walgreen's CFO Arrested For DUI...Again

Posted By: Cadie Thompson
Walgreen's chief financial officer Wade D. Miquelon, was arrested last month for driving under the influence for the second time in a little over a year, according to a report by ChicagoBusiness. »Read more
  Monday, 18 Oct 2010 | 5:18 PM ET

H&R Block Slammed Again

Posted By: Lori Spechler
H&R Block got slammed again today. One of the most actively traded stocks on the NYSE today, nearly 24 million shares changed hands closing near the lows of the session. Shares were pummelled after reports that the company had filed a lawsuit against HSBC for breach of contract (insert link here to Reuters story on cnbc.com) related to refund anticipation loans. »Read more
  Monday, 18 Oct 2010 | 5:00 PM ET

Are Banks Pushing Loan Mods to Cover up Mortgage Perfection Problems?

Posted By: Ash Bennington
A roundup of the day's headlines. »Read more
  Monday, 18 Oct 2010 | 4:08 PM ET

Bank Of America Resuming Foreclosures

Posted By: John Carney
Bank of America will re-start its foreclosure engines in 23 states by October 25, the company said today. »Read more

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