The KUIK Closing Market Report for Friday, December 26: |
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Markets were up. |
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|
Direction |
Change |
Units |
Last |
Time |
Change |
|
Dow |
Up |
24 |
points |
18,054 |
1:29 PM |
|
|
S&P500 |
Up |
0.3% |
percent |
2,089 |
|
6.89 |
|
Nasdaq Composite |
Up |
0.7% |
percent |
4,807 |
|
33.39 |
|
30 Year Treasury |
Down |
(2) |
Basis Points |
2.81 |
Annual Yield |
|
|
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Banks and financial firms that originate residential mortgage-backed securities will have a year to comply with a new risk-retention rule under Dodd-Frank. In October, the Federal Reserve, along with other federal agencies, approved a rule requiring sponsors of asset-backed securities to retain at least 5% of the credit risk of the assets used as collateral. |
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Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. |
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http://www.marketwatch.com/story/issuers-of-mortgage-backed-securities-have-1-year-to-comply-with-risk-rule-2014-12-24 |
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For today’s Closing Market Report click to listen-> |
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