Mortgage-Bond Yield Spreads Approach Lowest Level on Record
Tuesday, March 15th, 2011Fannie 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 [...]
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.
FDIC to Sell $409 Million in Mortgage Bonds
Tuesday, March 15th, 2011The Federal Deposit Insurance Corp. is tapping the securitization market to rid itself of assets from failed banks.
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.
Bond Sellers Join With Mortgage Investors to Seek Tougher Rules
Monday, March 14th, 2011Creators and underwriters of asset- backed securities joined bond investors in telling the Securities and Exchange Commission to go further than proposed new rules on sellers’ obligations to take back bad mortgages from future securitizations.
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