Martes 19/10/10, Inicios de casas, Goldman, BAC, Coca Cola

[admin]

FAS pasa al rojo -0.53%

-139.30

[admin]

EDC -8.47%

ERX -7.02%

BVN -4.96%

SCCO -3.11%

Yield down 2.48%

-159.54

Bajando mas

[admin]

El indice del dolar se fortalece a 78.03

Yields down 2.46

El dolar gana la batalla hoy dia. Todo se rinde.


-182.66

[admin]

-209.23

[admin]

-200.86

Lo preocupante es que no son las 3 p.m. son las 2 p.m., parece que alguien se equivoco.

[admin]

PIMCO y el NY FED recompraran hipotecas, esta es la noticia que hizo bajar al Dow Jones.

Euro down 1.3752

[admin]

Au down 1,331.70

-197.16

[admin]

EDC -9.35% (tres veces los mercados emergentes)

Hacian muchas lunas que los mercados emergentes no cain tanto.

-188.72

[admin]

Au down 1,331.80, ha bajado mas de $40

[admin]

Maniana sera otro dia.

[admin]

-185.50

[admin]

PIMCO, Black Rock y el Fed de NY presionan a BAC. BAC tendra que recomprar sus malas hipotecas, malos prestamos, etc.

BAC -3.16%

Eso fue lo que hizo caer al unico sector al alza hoy dia.

-207.07

[Carlos38]

La variación de tasas de China es lo que esta justificando semejante caída de EDC o hay algo mas??? Gracias por su respuesta.

[admin]

Son $47 billones que quieren que BAC recompre.

Bonds .Pimco, New York Fed Said to Seek BofA Repurchase of Mortgages
By Jody Shenn - Oct 19, 2010 1:49 PM ET

Pacific Investment Management Co., BlackRock Inc. and the Federal Reserve Bank of New York are seeking to force Bank of America Corp. to repurchase soured mortgages packaged into $47 billion of bonds by its Countrywide Financial Corp. unit, people familiar with the matter said. Photographer: Andrew Harrer/Bloomberg


Play VideoOct. 19 (Bloomberg) -- Brian Moynihan, chief executive officer of Bank of America Corp., discusses the company's third-quarter loss reported today. The largest U.S. lender said its loss was $7.3 billion, or 77 cents a share, due to costs associated with new federal rules on consumer accounts and credit cards. Excluding one-time gains and costs, the bank earned $3.1 billion, or 27 cents a share. (Source: Bloomberg)


Pacific Investment Management Co., BlackRock Inc. and the Federal Reserve Bank of New York are seeking to force Bank of America Corp. to repurchase soured mortgages packaged into $47 billion of bonds by its Countrywide Financial Corp. unit, people familiar with the matter said.

A bondholder group wrote to Bank of America and Bank of New York Mellon Corp., the debt’s trustee, citing alleged failures by Countrywide to service the loans properly, their lawyer said yesterday in a statement that didn’t name the firms.

Investors are stepping up efforts to recoup losses on mortgage bonds, which plummeted in value amid the worst slump in home prices since the 1930s. Last month, BNY Mellon declined to investigate mortgage files in response to a demand from the bondholder group, which has since expanded. Countrywide’s servicing failures, including insufficient record keeping, may open the door for investors to seek repurchases by bypassing the trustee, said Kathy Patrick, their lawyer at Gibbs & Bruns LLP.

“We now are in a position where we have to start a clock ticking,” Patrick, who is based in Houston, said today in a telephone interview.

MetLife Inc., the biggest U.S. life insurer, is part of the group represented by Gibbs & Bruns, said the people, who declined to be identified because the discussions aren’t public. TCW Group Inc., the manager of $110 billion in assets, expects to join BlackRock, the world’s largest money manager, and Pimco, which runs the biggest bond fund, in the group, the people said.

Countrywide also hasn’t met its contractual obligations as a servicer because it hasn’t asked for repurchases itself and is taking too long with foreclosures, either because of document or process mistakes or because it doesn’t have enough staff to evaluate borrowers for loan modifications, Patrick said. If the issues aren’t fixed within 60 days, BNY Mellon should declare Countrywide in default of its contracts, she said.

Trustee Duties

“The letter states a demand directed to Countrywide to cure the defaults,” said Kevin Heine, a spokesman for BNY Mellon. “It does not ask BNY Mellon to take any action. BNY Mellon will continue to perform its duties as trustee.”

Charlotte, North Carolina-based Bank of America will “defend our shareholders” by disputing any unjustified demands it buy back defective mortgages, Chief Executive Officer Brian T. Moynihan said today.

Most claims “don’t have the defects that people allege,” Moynihan said on Bloomberg Television, referring to so-called putbacks, in which guarantors or investors in mortgage-backed securities ask to return bad loans. “We end up restoring them, and they go back in the pools.”

Mark Porterfield, a spokesman for Newport Beach, California-based Pimco, Brian Beades, a spokesman for New York- based BlackRock, and Peter Viles, a spokesman for Los Angeles- based TCW, declined to comment.

John Calagna, a spokesman for New York-based MetLife, didn’t immediately return messages seeking comments. Jeffrey V. Smith, a spokesman for the New York Fed, declined immediate comment.

“We continue to review and assess the letter, and have a number of question about its content, including whether these investors have standing to bring these claims,” Bank of America Chief Financial Officer Charles H. Noski said today on a conference call with analysts. “We continue to believe the servicer is in compliance with the servicing obligations.”

[admin]

Oil debajo de 80 a 79.58 ha bajado $3.30

-197.61