Yields on Fannie Mae and Freddie Mac mortgage securities jumped by the most relative to benchmark rates in five weeks as the Federal Reserve’s unprecedented buying of housing debt drew to a close today. » Read more…
Tag Archives: Mortgage Market
Mortgage-Bond Yield Spreads Jump as Fed Exits Market
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Mortgage-Bond Market Adjusts to End of Fed Program
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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After an initial wobble, the mortgage-bond market found its footing in the first full week of trade following the Federal Reserve’s exit. » Read more…
Top US banks face $30bn of mortgage losses, warns CreditSights
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Three of America’s largest banks face losses of up to $30bn (£19.5bn) as a result of their continued exposure to problems in the US mortgage market, a leading research firm has warned. » Read more…
Bank of America Continues to Improve
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Bank of America may finally be returning to health. » Read more…
British, German regulators to probe Goldman’s sale of mortgage securities
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Financial regulators in Britain and Germany said Monday that they will open investigations to see whether Goldman Sachs’s sale of mortgage securities broke any local laws after the disclosure that two European banks lost money on what U.S. officials allege were fraudulent deals. » Read more…