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.
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.
Report Examines Private-Sector Lending in Housing Boom
Sunday, March 13th, 2011A new report by the regulator of Fannie Mae and Freddie Mac shows that mortgage securities packaged by Wall Street firms and mortgage banks have had substantially worse outcomes than securities backed by the two mortgage titans.
Pa. home foreclosure filings, bank seizures rise
Sunday, March 13th, 2011The number of Pennsylvania homeowners falling behind on mortgage payments and the number of homes repossessed by banks hit five-year highs in August, according to new figures out Thursday from foreclosure listing firm RealtyTrac Inc.
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