Tag Archives: mortgage bonds

Mortgage Bonds Getting A Second Look

Until there’s a growing demand for mortgage-backed securities (MBS), lenders are not going to have many funds available for lending for new mortgages. Now some of the same people who were selling MBS prior to 2007 are now buying them, … Continue reading

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Mortgage Bonds Pay Price For Obama’s Refinancing Scheme

Every time the government decides to do something, it is good news for parts of the economy and bad news for parts of the economy. Obama’s refinancing scheme for home underwater is undoubtedly good news for home owners in trouble … Continue reading

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Obama’s Plan To Expand Mortgage Refinancing Seems Like A Political Statement

Investors in mortgage-backed security bonds regard President Obama’s plan to expand mortgage refinance as more of a political theater rather than an economic reality. Significant parts of the president’s plan would need congressional approval and that is unlikely to happen … Continue reading

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Obama’s Refinancing Plan Causes Mortgage Bonds To Fall In Value

President Obama’s plan will make it easy for homeowners who are underwater on their mortgage to refinance into a low-interest mortgage. This is pushing down the value of mortgage-backed securities and increasing pressure for a rise in mortgage interest rates, … Continue reading

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US Mortgage Bonds Hit Six Months Low

President Obama’s plan to allow millions of underwater homeowners to refinance their mortgages will have a mixed effect on the mortgage market in particular and the economy in general. It’s not even clear if this move will stimulate the economy. … Continue reading

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Are Government Backed Mortgages A Good Investment?

REITs (real estate investment trusts) tend to buy only high quality government backed mortgage bonds. They have a reputation as a safe investment. Yet they have been hammered over the past. Some REITs have lost 20$ of their value. Uncertainty … Continue reading

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Federal Reserve Move Shocks Mortgage Market

U.S. mortgage bond rates are at record lows following a Federal Reserve decision to swap out its purchases of short-term mortgage bonds for long-term bonds. This will raise the price of bonds and reduce their yields, leading to lower mortgage … Continue reading

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Good Luck To Uncle Sam In Collecting From 17 Banks

The United States is suing 17 major banks over mortgage bonds they sold to Fannie Mae and Freddie Mac. The US claims that the banks sold fraudulent bonds. That the banks knew that the mortgages backing up the bonds were … Continue reading

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Obama Administration Considers Housing Refinance Plan

The Obama administration is considering a deep intervention into the housing market to try to turn things around before the 2012 election. One consideration would allow millions of Americans with government supported mortgage to refinance at current low rates. Opposition … Continue reading

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Is The S&P Investigation Another Example Of Gangster Government?

Barack Obama comes from Chicago, which has about the dirties politics in the nation. Michael Barone started calling the Obama administration “gangster government” in 2009 for the way it was handling its GM intervention, doing everything for the unions while … Continue reading

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