Investors should continue buying mortgage bonds tied to U.S. home loans because they are unlikely to suffer a wave of refinancings that would cut yields, according to JPMorgan Chase & Co.
Congressional action would be required to trigger any significant “government-sponsored refi wave” in the market for bonds owned or guaranteed by mortgage financiers Fannie Mae [...]
Posts Tagged ‘jpmorgan’
Only Congress Can Spark `Nuclear’ Mortgage Refinancing Wave, JPMorgan Says
August 31st, 2010 by Mortgage Writer
Tags: fannie mae, Freddie Mac, home loans, homebuying, interest rates, jpmorgan, mortgage bonds, mortgage rates, private mortgage
more...Mortgage-Bond Yield Spreads Approach Lowest Level on Record
July 14th, 2010 by Mortgage Writer
Fannie Mae’s current-coupon 30-year fixed-rate mortgage bonds narrowed 0.03 percentage point to about 0.65 percentage point more than 10-year Treasuries as of 4:45 p.m. in New York, according to data compiled by Bloomberg. The gap reached 0.59 percentage point on March 29, two days before the Federal Reserve ended its buying of $1.25 trillion of [...]
Tags: borrowers, central bank's, fannie mae, federal reserve, home loans, jpmorgan, Mortgage Bankers Association, mortgage bonds, mortgage market, mortgage securities, tax credit
FHFA Subpoenas Firms That Sold Debt to Fannie Mae, Freddie Mac
July 13th, 2010 by Mortgage Writer
The Federal Housing Finance Agency subpoenaed firms that sold mortgage-backed securities to Fannie Mae and Freddie Mac as the regulator aims to determine whether issuers can be held liable for losses on the debt.
FHFA, which has overseen the government-sponsored mortgage companies since they were placed under conservatorship in September 2008, issued 64 subpoenas seeking loan [...]
Tags: fannie mae, Federal Housing, FHA, Freddie Mac, jpmorgan, mortgage backed securities, mortgage market, subprime mortgages
Banks Return to Commercial Mortgage Bonds
June 30th, 2010 by Mortgage Writer
Once dominant, and then dormant, commercial real estate loans are beginning to show signs of life on the trading floor after a two-year slump, Jotham Sederstrom reports in The New York Times.
Attracted by more conservative underwriting and the perceived bottoming-out of property values, banks like J. P. Morgan Chase and the Royal Bank of Scotland [...]
Tags: borrowers, commercial real estate, financial market, investment, jpmorgan, mortgage backed securities, real estate loans, stock markets, wells fargo
JPMorgan to Sell $716.3 Million of Mortgage Bonds
June 7th, 2010 by Mortgage Writer
JPMorgan Chase & Co. is marketing $716.3 million of bonds backed by commercial mortgages, according to a person familiar with the offering.
The transaction, which is the second of newly issued commercial-mortgage backed bonds to be sold this year, consists of 36 loans on 96 properties, said the person, who declined to be identified because terms [...]
Tags: borrowers, commercial mortgages, economy, federal reserve, financial, financial crisis, homebuyers, housing market, jpmorgan, mortgage market, real estate, US Economy
Bank probes expanding with new investigation
May 13th, 2010 by Mortgage Writer
U.S. authorities are expanding their probes of past mortgage securities deals, with New York’s attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.
New York Attorney General Andrew Cuomo’s office on Wednesday served subpoenas on four U.S. banks and four European lenders, the source said.
Cuomo is [...]
Tags: bank of america, economy, euro zone finance, financial, Freddie Mac, Goldman Sachs, interest rates, jpmorgan, US Economy, wall street
Credit card data hints at U.S. consumer rebound
March 15th, 2010 by Mortgage Writer
Credit card delinquency rates improved at JPMorgan Chase & Co and a majority of others — a sign the lenders still face hurdles in the wake of the deep recession.
The delinquency rates likely received a seasonal boost, but nonetheless signal the card issuers are less likely to have to write off bad loans in the [...]
Tags: credit card, deep recession, jpmorgan, us consumer, us credit card
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