Quick Move After Fed’s Exit Could Draw Buyers Next Week.
Mortgage-backed securities stumbled on Thursday as the market struggled to adjust to the absence of Federal Reserve buying. » Read more…
Tag Archives: mortgage
Mortgage Risk Premiums Widen
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Should I be concerned about Ottawa’s new mortgage rules?
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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By Jonathan Chevreau
As of April 19, home-buyers will have to meet tougher standards to get a mortgage. Among the new rules is a requirement that borrowers be able to afford a five-year, fixed-rate mortgage,
even if they plan to stay short and variable. » Read more…
Greenspan: Housing bubble was not created by central bank
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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WASHINGTON (MarketWatch) — The housing bubble was not created by the central bank’s monetary policy, but rather long-term mortgage rates were a key contributor, former Federal Reserve Chairman Alan Greenspan told the Financial Crisis Inquiry Commission, a government-appointed inquiry panel, in defense of his tenure on Wednesday. » Read more…
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…
Bank Of America Sees Biggest Monthly Gain In Mortgage Changes
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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DOW JONES NEWSWIRES
Bank of America Corp. (BAC) added about 12,000 customers to the ranks of borrowers completing mortgage modifications under the federal government’s Home Affordable Modification Program in the past month, the bank’s biggest increase to date. » Read more…