Home purchase-driven market to influence MBS prepayment speeds --

Refinance demand is down, creating a situation where a more purchase-centric mortgage market could drive a shift in prepayment speeds on agency mortgage securities, analyst Sarah Hu with Royal Bank of Scotland concluded Wednesday.

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QE lovers shoulde be aware of Larry Summers --

One of Obama’s top chocies of the next head of the Federal Reserve has some reservations about current monetary policy.

CNN Money

Stephen Gandel

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Genworth profitable on improving MI business, cost cuts --

Genworth Financial Inc. posted a second-quarter profit of $ 141 million, or 28 cents a share, nearly doubling the firm’s year-ago profit of $ 76 million, or 16 cents a share. 

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Mel Watt fails to obtain Congressional vote before summer recess --

Forget about seeing a confirmation of Rep Mel Watt, D-N.C., to lead the FHFA this summer. Congress is breaking for summer vacation without a vote scheduled. 

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Blackstone in talks to sell rental bonds with Deutsche Bank --

The Wall Street Journal

Jeannette Neumann

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