| The KUIK Closing Market Report for Friday, December 26: | |||||||
| Markets were up. | |||||||
| 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 | ||
| 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. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/issuers-of-mortgage-backed-securities-have-1-year-to-comply-with-risk-rule-2014-12-24 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||