Tag Archives: Mortgage Backed Securities

Why Housing Affordability Is at Risk

The average rate on the 30-year fixed mortgage dropped to 3.68 percent last week, according to the Mortgage Bankers Association. From 1985 through 1999, rates ranged from 6 to 13 percent. Present low rates have allowed buyers to purchase more … Continue reading

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Freddie Mac makes loan data available

Freddie Mac says it will disclose performance data on a swath of single-family loans that it purchased over a 13-year period representing about 53 percent of Freddie Mac’s total mortgage acquisitions, or 15.7 million mortgages, from Jan. 1, 1999 to … Continue reading

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S&P accused of misrepresenting risks of bundled mortgages

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Overseas forces driving puzzling rise in interest rates

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Is the Refi ‘Apocalypse’ Really Upon Us?

In Bethesda, Maryland, Apex Home Loans CEO, Craig Strent, says a rise in rates could actually bring in more business in the short term. “There is a huge population that have benefitted from adjustable rate mortgages. When the rates adjusted, … Continue reading

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Already Time to Throw Up Caution Signs on Housing?

Fitch contends that home prices remain overvalued and that price growth is not being driven by fundamentals but by technical factors that could easily change. As more homes move more quickly to final foreclosure, especially in states that require a … Continue reading

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Housing’s Recovery Means Fewer Can Afford Homes

Rising home prices are not the only factors hitting home affordability. Fees charged to lenders by Fannie Mae and Freddie Mac (known as “guarantee fees” for bundling and selling mortgages) began rising dramatically in the past month and are now … Continue reading

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Home Builders Need Mortgage Bankers to Keep Recovery Alive

A jump in signed contracts to buy newly built homes in September brought volumes to the highest level since April of 2010, when the home buyer tax credit temporarily infused the housing market. The median price of a newly built … Continue reading

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CitiMortgage CEO on Tight Credit: ‘There’s Nothing Wrong with People Making Profits’

Mortgage rates are at record lows, but they could be even lower. Several reports recently have documented why the spreads between mortgage bonds and mortgage rates have widened so much, but few have agreed as to why mortgage rates have … Continue reading

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Fed May Drive More Investors Into Commercial Real Estate

The Federal Reserve’s decision to buy more mortgage-backed securities from Fannie Mae and Freddie Mac could impact more than just the housing market.  So-called QE3 (quantitative easing) could drive more investors to commercial real estate, in the great hunt for … Continue reading

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