Real estate blog entries tagged with banks by Michael Haltman (Hallmark Abstract Service LLC)

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Home : Blogs : Michael Haltman : The Hallmark Abstract Sentinel : Tag "banks"

banks: Mark To Market Eased: Making A Silk Purse From A Sow's Ear? Example Included Below - 04/02/09 08:15 PM

From The Political and Financial Markets Commentator
Taking From Peter To Pay Paul
The FASB (Financial Accounting Standards Board)relaxed the rules that require a bank to mark the value of an asset on its books to a"market" price, <strong>IF</strong> a transaction that takes place is distressed and/or if the market that security trades in is inactive. This would probably describe pretty much every asset that is considered toxic, and that if marked to market would most likely cause a bank to become effectively insolvent.
These are complicated products that even the banks themselves, save for a few of the quants … (0 comments)

banks: Fannie Mae: Plain Vanilla or Chocolate Sundae? - 10/06/08 06:11 AM

Monday, October 6, 2008
Fannie Mae: Plain Vanilla or Chocolate Sundae? Market Update: Things are not looking great post Bill passage. I have a funny feeling in the pit of my stomach.VIX: Not yet open. Closed Friday at 45.14, and speculate we will see 50+ today.The Ted Spread: 3.89 this morning, up from Friday (higher is not better)Overseas stock markets are down fairly large, and S&P futures are down large."In A System Designed For Plain Vailla, Like Trying To Push A Chocolate Sundae Through Its' Gears"
To see the rest of the story, please go to http://commercialmortgagehotline.blogspot.com .
… (4 comments)

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Michael Haltman

Jericho, NY

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Hallmark Abstract Service LLC

Address: 131 Jericho Turnpike, Suite 205, Jericho, NY, 11753

Office Phone: (516) 741-4723

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The Hallmark Abstract Sentinel is written for the purpose of keeping our clients and subscribers current on any issues that may have the potential to impact the real estate, mortgage or title insurance markets. Examples of these issues include the current foreclosure crisis and the potential that foreclosures already completed could be overturned due to a variety of legal issues.

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