Tag Archives: barclays capital

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 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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America’s Mortgage Bond Slump

As long as mortgage-backed bonds are slumping in price, lenders will have restricted capital to lend for new mortgages. Unless mortgages can be securitized, only a comparatively small amount of money will be available to lend out. A turnaround in … Continue reading

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Fannie Mae, Freddie Mac Find It Difficult To Unload Their Assets

About half of the mortgage assets of Fannie Mae and Freddie Mac are toxic. They’re subprime loans wit huge default rates. Why are Fannie and Freddie in the subprime business? You can blame Bill Clinton for that. He wanted to … Continue reading

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What To Do With Fannie Mae (FNMA) and Freddie Mac (FMCC)?

The Obama administration will release its plans for Fannie Mae (FNMA) and Freddie Mac (FMCC) this month. Will the government guarantee the mortgage bonds and debt securities? That is the key question of investors. How big of a market are … Continue reading

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California’s Foreclosure Mess

Report: First the good news. Home sales are up in California. The bad news — there are a ton of foreclosures to work through before the decline in home prices stops. How much will California real estate decline next year? … Continue reading

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Boost For Jumbo Loans

From Reuters: Fannie Mae and Freddie Mac, the largest providers of U.S. home loan funding, may for the first time use larger loans as collateral for up to 10 percent of bonds in the first stage of the $4.5 trillion … Continue reading

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Mortgage Haggling On The Hill

From the Economist: Democrats got their expansion of the Federal Housing Administration (FHA), the government agency that supports low-cost housing. The cost will be limited to $500m, and covered not by the taxpayer but by America‘s housing-finance giants, Fannie Mae … Continue reading

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