@RobTVDC

Why don't Washington and Wall Street talk? Cause they don't speak the same language. Ever.

Joined June 2013
  • Tweets9.7K
  • Following683
  • Followers1.2K
239Media
Rob Zimmer retweeted
Jake Sherman
@JakeShermanFeb 3
OGLES and ROSE have just emerged from the cloak room. They are voting yes Rule passes
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News: The Senate Banking Committee has advanced Stephen Miran to be a governor on the Federal Reserve Board on a partyline vote, 13-11.
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Russia's Morozovsk airfield. No comments.
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800 years ago, Italy had a city of skyscrapers — it's known as the "Manhattan of the Middle Ages". So what happened to them all? 🧵
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Rob Zimmer retweeted
Jake Sherman
@JakeSherman8 Nov 2023
While you were sleeping, House Republican leadership pulled the Transportation, Housing and Urban Development bill from the floor. They didn't have the votes.
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Rob Zimmer retweeted
Jake Sherman
@JakeSherman3 Oct 2023
🚨🚨 BREAKING -- THE HOUSE HAS VOTED TO REMOVE KEVIN MCCARTHY AS SPEAKER. 8 Republicans and all Democrats present voted to oust McCarthy after 269 days as speaker. 216-210 The House, once again, is in a state of chaos.
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Rob Zimmer retweeted
Jake Sherman
@JakeSherman3 Oct 2023
TOM COLE has motioned to table the MTV.... Vote is starting now.....
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Breaking news - Central banks socializing bond market losses and privatizing gains is not disinflationary. *ECB, Fed, and BOJ $2T of current market-to-market losses - - held to maturity, losses deferred. The year 2022, was the worst year for bonds in 30+ years.
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Rob Zimmer retweeted
Daniel Gross@grossdm23 Jan 2023
leading economic indicators are falling sharply but the coincident indicators refuse to cooperate yet conference-board.org/topics/…
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Yes. It is called quantitative tightening. They unlocked a seized mortgage market by buying MBS. Problem is that quantitative easing and quantitative tightening are not symmetric on their impact. We have more experience with QE than QT. Reason to tread cautiously now.
Erik Sherman (@eriksherman.bsky.social)@ErikSherman22 Nov 2022
I read the other day how the Fed cutting off purchases of mortgage backed bonds was the big factor in driving up mortgage rates, making houses even more unaffordable. Looked at it for a second and thought, oh, makes total sense. If lenders hold the risk, of course rates rise.
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The Fed is running an operating loss as it pays more to banks and money funds on interest than it earns on its securities portfolio. The central bank, which sends all surpluses to the Treasury, can create an IOU so the loss doesn’t affect its operations wsj.com/articles/higher-inte…

Higher Interest Rates Fuel Losses at the Federal Reserve

The central bank is now paying out more in interest expenses than it earns in interest income.

wsj.com
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President McCargo also touched on the importance of the IMB sector and highlighted this change as part of Ginnie Mae’s support to the secondary mortgage market in a challenging interest rate environment, to ensure liquidity is reliably available. bit.ly/3Tvd7ZK
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The Fed plans to 'reset' the housing market. Here's what that means, according to Fed Chair Powell.
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Rob Zimmer retweeted
Paul Merski@PMerski2 Sep 2022
Good news and timing from OCC's Michael Hsu. Given the challenging economy and new regulatory mandates, cutting assessment fees will primarily aid community banks by $41.3 million. Midsize banks can expect an $11.1 million reduction. bankingdive.com/news/occ-cut…

OCC to cut smallest banks’ assessment fees by 40%

The move, effective in March 2023 and applying to a bank’s first $200 million in assets, marks the regulator’s fourth fee cut in as many years.

bankingdive.com
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Rob Zimmer retweeted
THE CMLA@the_CMLA17 Aug 2022
Same mission, more reach. Ready.
National Mortgage News
@NatMortgageNews17 Aug 2022
"We ultimately concluded that we'd be a more powerful and effective organization because now we have more members, more resources," Scott Olson, executive director of the combined groups, said. @the_CMLA, @CHLAssociation By @NMNBrad trib.al/qwMAFbT

Mortgage trade groups for smaller lenders merge

The Community Home Lenders Association and the Community Mortgage Lenders of America are combining under a new name, the Community Home Lenders of America.

nationalmortgagenews.com
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Rob Zimmer retweeted
Jake Sherman
@JakeSherman3 Aug 2022
Absolutely horrible. A very, very nice woman.
Erica Finke TV@EricaFinkeTV3 Aug 2022
#BREAKING: U.S. Congresswoman Jackie Walorski (R-Indiana) has been killed in a crash that happened at 12:32 P.M. in Elkhart County on S.R. 19 south of S.R. 119.
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Note that McConnell said he would blow up the chips bill if Dems tried to do budget reconciliation pkg for social spending plan. Chips passes. Manchin/Schumer immediately announce agreement on reconciliation measure
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Chairwoman @RepMaxineWaters' statement following the confirmation of Sandra Thompson to serve as Director of the Federal Housing Finance Agency (@FHFA) | go.usa.gov/xJCnv
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FHA has temporarily shut down its Loan Review System for repairs after users reported experiencing intermittent document errors over the past several weeks. It plans to restore access to the LRS no later than April 25. bit.ly/3xuweLa
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The U.S. two-year yield has exceeded the 10-year yield for the first time since 2019 bloomberg.com/news/articles/… via @markets
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