The countdown continues …
The following graph is from the Atlanta Fed Financial Highlights, and shows the Fed MBS purchases by week:
Click on graph for larger image.
From the Atlanta Fed:
The Fed purchased a net total of $12 billion of agency-backed…
From Bloomberg: Lenders Pursue Mortgage Payoffs Long After Homeowners Default
[L]enders are exercising their rights to pursue unpaid mortgage balances. To get their money, they can seize wages, tap bank accounts and put liens on other assets held by debtors.
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While…
Yesterday, Goldman Sachs (GS) reported third quarter profits of $3.19 billion on revenues of $12.37 billion, which prompted stories like this one in the New York Times about Goldman’s public relations problems over giving high bonuses.
While the release didn’t talk about the…