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 Bonds Pare Relative Declines Amid Worst Trading Month Since 2008
Monday, March 14th, 2011Fannie Mae and Freddie Mac mortgage bonds pared losses relative to Treasuries with the market for government-backed home-loan debt heading for its worst month since 2008 at the height of the global financial crisis.
Only Congress Can Spark `Nuclear’ Mortgage Refinancing Wave, JPMorgan Says
Monday, March 14th, 2011Investors 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.
Mortgage Bonds Drop After Home Refinancings Outpace Expectation
Sunday, March 13th, 2011Mortgage bonds with U.S. government guarantees fell relative to Treasuries after data showed more homeowners with low interest rates refinancing than some analysts expected.
Central Banks Cut Holdings of U.S. Agency Debt by 7% This Week
Sunday, March 13th, 2011Central banks outside the U.S. are among investors that cut holdings of debt from government- related companies including Fannie Mae and their mortgage bonds by $57 billion in a week, according to Federal Reserve data.
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