Another graph from the BofA Second Quarter 2010 Earnings Presentation (ht Brian) Click on graph for larger image in new window. This graph shows the components of BofA mortgage banking revenue. The increasing red contribution is from “Rep and warranty” - these are the loans being pushed back on BofA
Posts Tagged larger-image
The Federal Reserve reports : Consumer credit decreased at an annual rate of 4-1/2 percent in May 2010. Revolving credit decreased at an annual rate of 10-1/2 percent, and nonrevolving credit decreased at an annual rate of 1-1/2 percent. Click on graph for larger image in new window.
From the WSJ: Currency Fall Curbs Europe’s Taste for New York Property Although there are no hard figures, the article mentions ab estimate of 15% to 20% of Manhattan condo buyers are Europeans.
The Federal Reserve reports : Consumer credit increased at an annual rate of 1/2 percent in April 2010. Revolving credit decreased at an annual rate of 12 percent, and nonrevolving credit increased at an annual rate of 7 percent. Click on graph for larger image in new window
S&P/Case-Shiller also released the Q1 2010 National Index this morning. By request, here is a graph that shows the national index in both nominal and real terms (adjusted with CPI less shelter). Click on graph for larger image in new window.
IMPORTANT : These graphs are Seasonally Adjusted (SA). S&P has cautioned that the seasonal adjustment is probably being distorted by irregular factors. These distortions could include distressed sales and the various government programs
Morning Market News
May 25
From the NY Times: Concerns Over North Korea Shake Markets and Euro From the WSJ: Europe’s Banks Hit by Rising Loan Costs On Monday, the London interbank offered rate, or Libor—the rate at which banks lend money to each other, and thus a vital sign of their mutual trust—rose to its highest level for the three-month dollar rate since last July. While the current Libor, at just above 0.5%, is far below the sky-high levels of 4.81875% reached at the height of the financial crisis in 2008, it is still a significant jump from 0.25% as recently as March. But Libor’s jump is more pronounced at European banks
The FDIC released the Q1 Quarterly Banking Profile today. The FDIC listed 775 banks with $431 billion in assets as “problem” banks in Q1, up from 702 banks with $403 billion in assets in Q4, and 305 banks and $220 billion in assets in Q1 of 2009.
