Stocks rise after increase in consumer spending
Thursday, March 17th, 2011Stocks rose Monday after an increase in consumer spending boosted confidence in the economy.
Paulson: Mortgage Players Must Keep ‘Skin In The Game’
Wednesday, March 16th, 2011WASHINGTON (Dow Jones)–Former Treasury Secretary Henry Paulson said Thursday underwriters and originators of mortgage-backed securities should retain some “skin in the game” by keeping a portion of those securities.
Mortgage Bond Market Rocked By Prepayment Fears
Monday, March 14th, 2011Agency mortgage securities were sharply lower Thursday as rattled investors sold amid speculation the government would press Fannie Mae (FNMA) and Freddie Mac (FMCC) to refinance home loans to reduce principal balances–speculation Washington officials quickly denied.