Tag Archives: federal reserve board

How About Some Rules For Mortgage Risk?

Lobbyists must be raking in the big bucks as regulators thrash out arcane mortgage risk rules that will significantly affect the health of banks and subsequently reduce or increase the availability and price and terms of mortgages. Most experts agree … Continue reading

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Banks Face Fines For Crumby Foreclosures

Many banks have suspended their foreclosure operations for months while they review their procedures and make sure that everything they do is by the book. It appears that the Obama administration is more interested in the health of the housing … Continue reading

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Federal Reserve Struggles To Loosen Credit Market

The Federal Reserve is operating a program to buy over one trillion dollars worth of mortgage-backed securities. This keeps mortgage interest rates at record lows. This program is expensive and members of the Federal Reserve board are arguing about whether … Continue reading

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How Will The Obama Administration Affect Refinance?

I’m reading a lot of people who predict massive inflation. Irwin M. Steltzer writes for the Weekly Standard that things should get better short-term, but long-term the latest Fed move means inflation. The Fed has decided to pump trillions into … Continue reading

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Why Alan Greenspan Did Not Recognize The Housing Bubble

From alternet: That’s right, the former Maestro told Congress last week, when asked about the meltdown of the housing bubble and the resulting financial crisis, “we’re not smart enough as people. We just cannot see events that far in advance.” … Continue reading

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New Rules On Mortgage Rate Disclosure

WASHINGTON, Oct 20 (Reuters) – The Federal Reserve Board on Monday approved final rules that require mortgage lenders to notify borrowers of the interest rate difference between between higher priced mortgage loans and comparable prime mortgages in many cases. The … Continue reading

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Refinance Interest Rates Going Up

From forbes: Looks like Fannie and Freddie can’t hold back the tide. Or the Fed. On Thursday, U.S. 30-year mortgage rates rose to an 11-week high this week, according to a survey published by Freddie Mac (nyse: FRE – news … Continue reading

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Mortgage Rates Rise

From the San Jose Mercury News: Interest rates for long-term mortgages rose this week to their highest levels since March, pushed up by the threat of inflation. The national average interest rate for 30-year, fixed-rate mortgages increased to 6.08 percent … Continue reading

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Mortgage Rates Rise

From bizjournals.com: Mortgage rates at Hawaii‘s four largest banks rose this week, along with the national average rate for a 30-year fixed-rate loan, amid concerns about inflation. American Savings Bank, Bank of Hawaii and First Hawaiian Bank each offered a … Continue reading

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Mortgage Squeeze Down Under

From the Herald Sun: THE mortgage-belt suburbs of Hampton Park, Craigieburn and Roxburgh Park are reeling from interest rate rises, and are falling behind with their repayments. Fitch studied home loan data from 947,000 loans nationwide. The report found that … Continue reading

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