Tag Archives: mortgage buyer

Mortgage Rates At Record Lows

Why are mortgage rates so low? Because demand is so weak for mortgages. With economic prospects uncertain, fewer Americans than is normal are in the market for a mortgage, so it is in lender’s interest to make their mortgages as … Continue reading

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Mortgage Rates Hit Record Lows

I’ve been writing such headlines for about four years. It always seems like they can’t drift any lower, but with all the bad economic news piling up, the demand for U.S. Treasury bonds builds, the bond yields decline, and with … Continue reading

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Freddie Mac Loses $20 Billion In 2010

In the fourth quarter of 2010, Freddie Mac lost $1.7 billion. The Bush administration did its best to rein in Freddie and Freddie from risky lending but Barney Frank and Congress prevented substantive change. Now taxpayers are on the hook … Continue reading

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Taking Out Your First Mortgage

Taking out your first mortgage will most likely be the most significant financial decision you have ever made. Mortgages have steadily become more expensive over the past six months as the home market has weakened, supply far outrunning demand. The … Continue reading

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Freddie Mac Stops Buying New York Subprime Mortgages

From the WSJ: In its latest effort to deal with the fallout of the subrprime credit crisis, government-sponsored mortgage buyer Freddie Mac said it will not purchase subprime mortgages secured by properties in New York state with note dates on … Continue reading

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U.S. Home Prices Fall 3%

May 22 (Bloomberg) — U.S. house prices sank 3.1 percent in the first quarter from a year earlier, according to a government report, as buyers waited for values to stop falling. The number of mortgage originations is expected to drop … Continue reading

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