Mortgage-Bond Yield Spreads Approach Lowest Level on Record Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates approached record lows relative to Treasuries as evidence of climbing borrowing costs and homeowners’ refinancing difficulties reduce concern that supply will increase. Read more on BusinessWeek Stampede to Refinance Farmers know a deal [...]
Mortgage-backed securities in revival US banks are accelerating their push back into packaging commercial real estate loans into bonds, two years after the financial crisis ground much of the business to a halt. Read more on Timaru Herald Mortgage Demand Jumps After Tax Credit Payback The Mortgage Bankers Association reported demand for home loans jumped [...]
Nocera: Wake-Up Time for a Dream Sheila Bair, the chairwoman of the Federal Deposit Insurance Corporation , began her week with a bit of honest heresy, the kind that only she, among all the bank regulators, seems willing to utter in the wake of the financial crisis. Read more on New York Times Fitch Affirms [...]
Are You Ready For New York Mortgage Refinancing? With the recent global economic recession, a lot of lenders are wondering whether or not they have to undergo New York mortgage refinancing now. The economic slump that has hit us quite hardly has left us with considerable damage which includes pay cuts and even tragically losing [...]