Tag Archives: mortgage investments

SEC Imposes New Rules On Mortgage Backed Securities

I dig this New York Times article. There is no mention that the subprime market was ginned up by Bill Clinton and the Democrats forcing Fannie and Freddie to buy subprime loans extended to minority homeowners who would not qualify … Continue reading

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Exemption Proposed For Mortgage Securities

The exemption would apply to mortgages where borrowers have made at least a 20% down payment. When buyers have made such down payments, they are much less likely to walk away from their homes and to default. Few free market … Continue reading

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The Government Is Cleaning Up the Mortgage Mess

The government is buying bad mortgages. The FBI are cracking down on fraudulent mortgage operations. Stricter standards are in place. Help is available. Mortgage rates are low. There’s a flood of refinance applications and Bank of America recently announced plans … Continue reading

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Fannie Mae, Freddie Mac In Political Spotlight

From the WSJ: Fannie Mae and Freddie Mac have become prime suspects in the political debate over who caused the mortgage meltdown. Fannie and Freddie do share some of the blame for the mortgage and housing bust. Fannie officials have … Continue reading

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How Did Our Mortgages Get Us Into This Crisis?

From the San Jose Mercury News: Investment banks seeking high rates of return gobbled up groups of mortgages, many of them risky subprime loans to people with poor credit. When the interest rates on some of those loans spiked, homeowners … Continue reading

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What effect will the latest news have on mortgage rates?

Kimberly Palmer writes: Since 30-year mortgage rates tend to follow the yield of 10-year treasury notes, those rates have also fallen, explains banking consultant Bert Ely. Bankrate.com reports an average 30-year fixed rate of 5.78 percent, down from last week’s … Continue reading

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The Scoop On Hard Money Lenders

From azcentral: For years, "hard-money" real-estate lenders have operated in relative obscurity, raising billions of dollars from investors to fund thousands of developments across Arizona. Phoenix-based Mortgages Ltd. was considered Arizona‘s largest, oldest and best-known private lender. But the company … Continue reading

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Mortgage Help On The Way

WASHINGTON (AP) — Mortgage companies are pledging to let troubled borrowers know whether they are approved for help within 45 days of receiving a homeowner’s application. The changes, outlined in a copy of mortgage industry guidelines, are aimed at clarifying … Continue reading

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U.S. Federal Government Investigates Mortgage Industry

The FBI and the IRS are looking into whether mortgages made loans without any effort into inquiring whether borrowers can repay their loans. What’s wrong with letting the free market deal with this stuff? If lenders make bad loans, let … Continue reading

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