Mortgage Rates Lowest in Decades Yet Sales Plummet
Tuesday, March 15th, 2011Record breaking mortgage rates are not enough to spark the US real estate market..
Fannie Mae Subpoenas May Find $30 Billion of Bad Mortgages, Analyst Says
Tuesday, March 15th, 2011Fannie Mae and Freddie Mac’s regulator may identify as much as $30 billion of debt included in mortgage bonds that the companies can force sellers to repurchase, according to Joshua Rosner, an analyst who in 2007 predicted the collapse in the market for the securities.
Fannie Mortgage Bonds Drop Most Since February on Refinancing
Monday, March 14th, 2011Fannie Mae and Freddie Mac mortgage securities tumbled, with prices for certain debt declining the most relative to U.S. Treasuries over two days since February on concern that refinancing will accelerate after the Federal Reserve said it would buy more government notes.
Mortgage Rates Rise, Are Home Finance Loans Next?
Sunday, March 13th, 2011Mortgage Rates Rise and are currently at an average of 4.65%, according to new bank & finance data.