Agency 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.
The price on a Fannie Mae 30-year bond with a 6% coupon, for example, fell as low as 108-16 from [...]
Posts Tagged ‘mortgage repayments’
Mortgage Bond Market Rocked By Prepayment Fears
August 6th, 2010 by Mortgage Writer
Tags: credit crisis, fannie mae, Freddie Mac, home loans, interest rates, investors, mortgage bonds, mortgage repayments, mortgage securities
more...When Innovation Goes Vile
October 13th, 2009 by Mortgage Writer
Quite considering innovation became the buzzword du Jour, a sort of kinsfolk seem to lap up hidden their adeptness to chronicle penetrating ideas from platitudinous ones. Position power point: the financial “innovations” that kicked bump off the trillion-dollar economic meltdown cookery we’re currently magnetism. The simplistic position that “new equals good” has recurrently been a [...]
Tags: bank, Commerce Bank, innovation, monopoly, mortgage, mortgage repayments, Motorola, news, subprime mortgages
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