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I switched to the main Ihub page and BANG
10 trackers
Thanks for the tip
I just loaded Ghostery and my service provider (ATT.NET) only has 13 blocked now. Ihub-4.
In sum, the court finds that defendant has presented sufficient evidence to support its claim that dire harm would flow from the disclosure of the sensitive material that is the subject of the protective order. Defendant has also demonstrated that Mr. Howard is not a dispassionate, independent expert, but rather, a stockholder and former Fannie Mae executive with a personal motivation to resuscitate his career and be vindicated about his leadership of Fannie Mae. For these reasons, the court will not grant him access to the privileged material. In reaching its conclusion, the court examined the facts supplied by defendant, including Mr. Howard’s public statements concerning his desire for vindication, and evaluated them in light of the grave harm to the nation’s economy that would result from the disclosure of information subject to the protective order, inadvertent or otherwise. However, the court wishes to stress that this ruling should not be misconstrued as an adverse ruling concerning Mr. Howard’s character. The court has not concluded that Mr. Howard is untrustworthy, but has rather determined that the need to protect United States financial markets from the consequences that would flow from the deliberate or inadvertent disclosure of sensitive material trumps Mr. Howard’s request for access. Accordingly, because disclosure of the protected information could place this nation’s financial markets in jeopardy, a risk that the court is not willing to take, especially in light of the fact that Mr. Howard is not the sole expert available to assist plaintiffs, Mr. Howard is DENIED entry to the protective order in this case.
IT IS SO ORDERED.
s/
http://timhoward717.com/2014/10/14/true-perspectives/#comment-9711
6 days up and 1 day down
Does not define a downtrend.
Hi Risky
I am actually more concerned by the closing price making an Evening Star Doji.
That usually indicates a top, either short term or long term.
Tomorrow's candle is either going to confirm the Doji by opening and closing down.
Or not. (g)
Trying not to toot my horn
I am a retired Mortgage Broker. I have what you might call a "Working Knowledge" of what I speak.
1. The difference between a Mortgage Deed and a Mortgage Lien is really a matter of semantics. Both have a Mortgage document and a separate Note document. Strangely enough, mostly the original 13 Colonies use the Mortgage Deed and everyone else uses the Mortgage Lien. They are nearly identical and they both end up the same way if the borrower does not make the payments. The difference is so small as to not be an issue whatever state you close the loan in.
2. FNMA never funds a closing. The proper term for that would be "Table Funding". They only buy closed loans. All approved FNMA lenders must fund their own loans. Where the funds to close come from is not really important. The lender can use a credit line to close loans or use its own money. Using a credit line incurs a cost of as much as 1% of the loan amount to the bank furnishing the credit line to the lender. That cost has to be covered by some of the YSP.
Interesting enough is the Truth In Lending Law requires that a "table funded" loan must reveal the amount of the yield spread premium to the borrower and show it as Fees Paid by third party. A loan closed in the lender's name using its own $ or a separate credit line is not required to reveal the amount of the YSP.
So, typically, FNMA assigns a yield purchase price based on a yield-points formula. They actually send every lender a schedule of YSP's for different interest rates. The higher interest rate issued to the borrower, the higher the YSP. That being said, the loan interest rate can be bought down by paying points. Usually 4 points buys the rate down 1%.
It is all very complicated but suffice it to say that no lender ever wants to sell a loan to FNMA at a loss of any amount. They are, after all, in business to make money.
Wrong, Wrong, Wrong
1. Some states like Florida it is true that there is a Mortgage Lien and title to the property rests with the buyer.
Other states like North Carolina have a Mortgage Deed system which conveys title to the mortgage company. The foreclosure process is different for each type.
2. The bank does, in fact sell the mortgage for a fee. It works like this. FNMA agrees to buy the loan, say, at a yield of 5%. The bank makes the loan @ 5 1/2% which generates higher payments to FNMA. FNMA pays the bank a "Yield Spread Premium" which gives the bank a couple to several thousand for doing the work of generating the loan. The bank takes the premium as its profit and makes a new loan with the funds received from FNMA.The way you described shows the bank as losing the "Fee" on each loan but makes up for losing money every time with volume. (g)
Remember this when negotiating the loan. The rate is negotiable. In the car business, the F&I person does the same thing producing "Back Side" profits for the dealership. "Wow. That seems high. Where do I sign" buries one even deeper in the new car. Prepayment penalties are the sure sign of a large "Yield Spread Premium".
3. The bank gets ALL of its money back plus the "Yield Spread Premium" as its profit for doing the deal. Then it makes another loan. Lather rinse repeat.
Arca just put up a bogus million share ask @ $2.45
Dissolved away when it started to get hit.
CNSNews.com) – Marine Corps Gen. John Kelly, commander of the U.S. Southern Command, predicted last week that the Ebola virus will not be contained in West Africa, and if infected people flee those countries and spread the disease to Central and South America, it could cause “mass migration into the United States” of those seeking treatment.
“If it breaks out, it’s literally, ‘Katie bar the door,’ and there will be mass migration into the United States,” Kelly said in remarks to the National Defense University on Tuesday. “They will run away from Ebola, or if they suspect they are infected, they will try to get to the United States for treatment.
“The potential spread of Ebola into Central and Southern America is a real possibility,” the article written about the general’s speech and posted on the Department of Defense website on Wednesday stated.
In his speech, Kelly cited the Centers for Disease Control and Prevention’s prediction that 1.4 million people could be infected with Ebola by the end of the year, with 62 percent of those infected dying from the disease.
“That’s horrific,” Kelly said. “And there’s no way we can keep Ebola [contained] in West Africa.”
Kelly said the scenario of another widespread breakout is particularly possible if the disease reached countries like Guatemala, Honduras or El Salvador.
“It will cause panic, and people will flee the region,” Kelly said.
Kelly also spoke about the danger of transnational criminal networks smuggling people into the U.S. that could be infected with Ebola.
He spoke about his recent visit to the border of Costa Rica and Nicaragua with U.S. Embassy personnel where they saw men lined up waiting to enter Nicaragua.
“The embassy person walked over and asked who they were and they told him they were from Liberia and they had been on the road about a week,” Kelly continued. “They met up with the network in Trinidad, and now they were on their way to the United States -- illegally, of course.”
Kelly said the men could make it all the way to New York City within the incubation period for Ebola of 21 days.
The D.O.D. article stated that Kelly was in “close contact” with his counterpart in the U.S. Africa Command.
http://cnsnews.com/news/article/penny-starr/us-general-warns-potential-ebola-driven-mass-migration-south-border
Face Mask And Hazmat Suit Companies' Shares Explode Higher On Monday
Read more: http://www.businessinsider.com/alpha-pro-tech-lakeland-industries-shares-rally-2014-10#ixzz3G7QGfeDx
Protective gear is the hottest trade in the stock market.
On Monday, shares of Alpha Pro Tech and Lakeland Industries were in rally mode after the second case of Ebola was confirmed in Dallas over the weekend.
On Monday, Lakeland shares closed up 47% while shares of Alpha Pro Tech gained 33%.
Alpha Pro Tech, which now has a market cap of about $180 million, makes protective face masks and other protective gear, while Lakeland Industries, which has a market cap of about $160 million, makes hazmat suits.
Shares of both companies have been rallying of late as cases of Ebola have been confirmed in Dallas and Madrid, and on Monday the stocks extended gains after a second confirmed case in Dallas.
Early Sunday, news broke that a healthcare worker in Dallas who treated Thomas Eric Duncan, the first patient treated for Ebola in Dallas who passed away last week, had contracted the virus.
Over the last month, shares of both Lakeland and Alpha Pro Tech have gone completely parabolic, gaining more than 180% each over that period as Ebola cases have spread outside of West Africa.
Back in the summer, the first companies that were part of the "Ebola trade" were drug makers including Tekmira Pharmaceuticals, which is still up more than 100% over the last three months.
Here's the insane one month chart of both Alpha Pro Tech and Lakeland.
Bullion Daily Report
http://www.kitco.com/reports/BullionDaily_Oct092014.pdf
So yesterday we learned that not only is the Fed going to leave on the
training wheels, but they’ve gone out and bought us a nice shiny helmet,
knee and elbow pads, and those gloves without the fingers that keep your
palms from getting scraped up if you take a header. And a mouth guard.
And shin pads, too.
It turns out that the outside influences on the US market are indeed
sufficient to direct Fed policy. When can we all stop the charade and
instead of guessing when the Fed will raise rates, we move on to trying to
identify what the excuse will be for leaving rates unchanged? Yellenke’s
term doesn’t end until 2018. Nothing is going to happen before the
November elections are in and the new representatives are sworn in in
January. And with the Republicans favored to take a majority in the
Senate, too, there exists the strong possibility of an even more business
friendly attitude from DC while Obama treads water for his last two years.
The streak of shorter lines at the unemployment office continues, and that
combined with bulging inventory numbers from August was enough to
dampen enthusiasm in the stock market. There are still a lot of shorts left
in gold, but they may draw some comfort that today’s rally hits the 38.2
Fibonacci retracement number.
Stuttgart now 1.881 euros = $2.39
I read somewhere
That the reason is JNUG tracks Jr miners. Jr miners are stocks and not gold. Stocks go down with a total market correction. When the total market takes the miners down then they decouple from the price of gold.
Sooner or later, the price of gold wins. http://stockcharts.com/freecharts/candleglance.html?GG,ABX,NEM,CDE,AUY,AU,GFI,GOLD,IAG,DUST,SPAN,JNUG,
October 12, article re Ackman remarks this week:
http://www.valuewalk.com/2014/10/gibi-conference-2014/
Overview:
Post-depression: 50% of all houses were in foreclosure. At the time the longest you could get was a 10 year mortgage. 30 year mortgage market made it more affordable for the working class. They had leveraged fixed income arbitrage issuing debt & buying business. 40 to 1. It proved to be the downfall. Lowest credit quality ever & forced into conservatorship. Gov’t had to inject capital $185B in capital. 10% coupon & 80% of the profits. Fannie & Freddie made mistakes. ’08-’11 they lost $ & housing started to stabilize & recover. $240B in reserves. 2012-2013 reporting huge gains. Richard Perry, Bruce Berkowitz and others sued the gov’t.
Bill Ackman says he owns 10% of FNMA & 10% of FMCC and is still very bullish. Ackman says that Pershing Square has been buying both up to the last 5 minutes. Private property cannot be taken by the government. Ackman says that the gov’t had inappropriately changed conservatorship. The gov’t took the assets. Read the gov’t ruling by the judge: the last paragraph. Fannie & Freddie is not a regulatory taking when the shareholders continue to profit. This is a taking of our constitution. 71 year old judge. We’ve bought 20% of the volume. We own the common vs. the preferred. The preferred is the residual claim. The common is just as good an investment. I believe we will ultimately win. There is an opportunity for settlement. We own 10%. 80% is owned by individual investors. Many want to join the lawsuit. Gov’t 80% + taxing power. There is no scenario that the entities are shot down. It’s good for America.
You mean like the one Holder just got from a TBTF bank?
If you read the articles about the Woman
Who made all those recordings of her meetings with GS while she was a regulator, you will see clearly that you are exactly correct.
The rules are ONLY for the little people.
Nope
Those hedge fund managers were told that (in effect) a gigantic naked short in FnF was perfectly OK with the Treasury since they were going to take down FnF in a couple days. Pauson's alma mater (Goldman Sachs) would make naked shorting possible for everyone who wanted to pile on.
The following Friday morning FnF share prices tanked 80% and the next day they were seized into "Conservatorship".
When FnF surprised all those ex GS folks and actually began to strongly recover, the only thing they could do to protect those hedgies who helped them with the seizure was to sweep the profits forever.
The article I linked in the post you were replying to shows how amazed the Hedgies were that they were getting such explosive early info and they would be fools not to take advantage of it.
They somehow left Ackman and Ichan out of the meeting though and now they got to pay.
Paulson told hedge fund managers of his plans to take down FnF
In a meeting a week before they took them down. That is why the 80% drop the day before. It was orchestrated.
Do a search for "The first sound they well hear is when their heads hit the floor". http://seekingalpha.com/article/693681-what-to-do-with-a-profitable-fannie-and-freddie
Market Cap to GDP Indicator
I'm now thinking the Market Cap to GDP indicator has something to do with the market today.
If it continues to weigh on the market, it will cause a flight to the safety of gold.
http://www.advisorperspectives.com/dshort/updates/Market-Cap-to-GDP.php
I have since received an email (News type)
That says that miners are stocks and all stocks went down today. Even though the JNUG environment should otherwise have ramped up the share price, the market took down the miners.
Tomorrow is another day.
As I suspected
Check out the shorts bailing their miners positions and JNUG reaping the late benefits.
So tell somebody who can do something with it
http://www.myfwc.com/redtidestatus
Rather than reply in kind which is the
Recluse of the beaten, just write me off as whatever you need to use to satisfy your troubled mind.
Hope you and your fish tanks are doing well.
Oh Please!
You have a confirmed red algae bloom. The bloom is killing millions of fish by clogging their gills and you can see and smell the rotting carcasses. Fishing and shrimping has come to an end in the Big Bend area of Florida. And you are asking about false dilemma so you can justify dumping ship loads of iron dust into the oceans to solve a completely different problem.
Get a grip. Your battle is not with me. It is with anyone who has to live with your "Cure" for global warming. A problem that doesn't exist in the first place.
Your "cure" might have a place if it ever gets so hot that the damaging side affects, if any, are no longer important. Until then, it is just another theory.
By the way, if you want to do some really interesting research into CO2, look into heat seeking missile research. Turns out that they found out that global warming stops after 400 CO2 is surpassed.
Wasn't what they were looking for. It just came up when they were making sure heat seeking missiles went after real aircraft targets and not diverted up car exhaust pipes or the sun, or reflections off the ionosphere.
What part of "Millions of dead fish floating in the Gulf"
Don't you understand? You can see them as well as smell them.
Red tide killed them all. It may be a generation or longer before the resource recovers.
Go there and look for yourself before you advocate messin' with Mother Nature.
Could be just big shorts hitting the spikes in the miners
If it spikes after 2:30 today, it may get to the high $12's while the covering happens.
I will sell 1/2 then.
Nope. It is the smell of dead fish.
Millions of them.
Strange
Gold is now $40 higher than it was Monday morning. The dollar is down from 86.7 to 85.6.
JNUG is virtually unchanged.
Bought more here @ $9.78
See
Now that's where you might be wrong in your opinion. Just because you can influence algae growth in a fish tank doesn't make you God. To make irreparable decisions for humanity while looking at your fish tank is playing God without full information.
This planet is going to shake off mankind like a bad case of fleas. Maybe dumping iron dust into the oceans is all it would take to speed up the process.
Take a field trip to Cedar Key, Fl and look at what might happen if your calculations are just a little bit off. Bring your nose with you.
Yup
There is a difference between courage and stupidity. I just had that conversation with my 9 yr old grandson a couple days ago.
If I do nothing, then maybe it will work out OK without my influence. Maybe not. To do something which appears courageous but may be profoundly stupid, just because I can, is betting the future of the entire planet when the outcome is unknown.
Doesn't even matter if you are actually correct in your theory. You, or 1,000 other scientists or even a million scientists who might agree with you don't have the right to make that decision for humanity.
OOPS! doesn't seem enough if you are wrong.
While your research may be just fine
I would say, that since it is a closed environment, that it is really no better than the computer programs that make climate predictions for today's warmist scientists. That is not to say that you may not be correct but.....
I am not willing to bet the entire planet on your opinion being correct or not. When you get down to it, that is what we would be doing.
JNUG has decoupled from Gold once again.
Gold has remained higher than yesterdays high all day. JNUG down nearly a buck fifty.
Everyone has stopped fishing the Florida Big Bend area
Millions of dead fish floating in the water is such a bummer.
And,
If you are wrong, how do you go about stopping the damage the iron might cause?
How does the iron differentiate between good algae and bad algae?
I bring to mind Caulerpa algae in the Med or lion fish in Florida from fish tanks. Or pythons in the Everglades. Cats in Hawaii. Rabbits in Australia.
Mother Nature does like being messed with.
As the "Settled" scientists are finding their predictions are being proved wrong every day, what would the next Ice age look like with artificially induced iron dust in the oceans?
First do no harm.
Tim was gone long before the conservatory
He gave the Gov a hard time about buying trash and got canned.