Mortgage securities with U.S.-backed guarantees are trading at record high prices on speculation homeowner refinancing will fail to accelerate and as supply of the bonds remains limited.
The average price of $5.2 trillion of bonds guaranteed by government-supported Fannie Mae and Freddie Mac or federal agency Ginnie Mae climbed to 106.3 cents on the dollar yesterday, [...]
Posts Tagged ‘credit’
Mortgage Bond Prices Rise to ‘Insane’ Records: Credit Markets
June 24th, 2010 by Mortgage Writer
Tags: bank of america, borrowers, commercial mortgages, credit, fannie mae, Freddie Mac, homeowners, housing market, money, Mortgage Bankers Association, mortgage securities, wall street
more...Goldman faces second investigation as mortgage assets leave bitter taste
June 11th, 2010 by Mortgage Writer
Securities and Exchange Commission investigators are focusing on a second mortgage-backed asset created by Goldman Sachs as they attempt to bolster their $1 billion fraud case against the embattled bank.
Hudson Mezzanine, a synthetic collateralised debt obligation (CDO), was structured by Goldman in late 2006, shortly before the bank made and sold Abacus, the now-notorious CDO [...]
Tags: business, credit, financial market, Goldman Sachs, investors, mortgage backed securities, mortgage investors, mortgage market, wall street
Mortgage loan modification and credit scores
May 24th, 2010 by Mortgage Writer
A mortgage loan modification can prevent foreclosure but inevitably will damage your credit.
Homeowners struggling to make their house payments may seek a mortgage loan modification in hopes of avoiding foreclosure and protecting their credit score. However, loan modifications also take a toll on those scores.
In theory, a loan modification should be a mutually acceptable solution [...]
Tags: borrowers, credit, economy, financial, foreclosures, homeowners, investors, lenders, mortgage debt, mortgage loans, mortgage payments, US Economy
What Cede Affect Mortgage Rates This Week
October 5th, 2009 by Mortgage Writer
Last lifetime was a exceptionally delicate being mortgage rates. The economic dirt was mixed, some pointing benign economic growth, date some hinted at difficulty beginning considering the reclamation. Despite the multiple data, the prices of mortgage backed securities approached the supreme levels of the span bringing mortgage rates to 5 bout [...]
Tags: credit, economic, mortgage, mortgage professionals, mortgage rates, news, treasurys
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