mac: Government Intervenes to Stabilize Fannie, Freddie; Will Mortgage Risk Fall? - 09/08/08 04:44 PM
In a widely anticipated move, the United States Treasury placed mortgage giants Fannie Mae and Freddie Mac in conservatorship this weekend, shoring up markets for the mortgage giants debt, but essentially canceling the value of those companies' stock. This move is seen as providing much-needed reassurance to mortgage investors that their … (1 comments)
mac: After brief respite, Mortgage – Treasury Spread reaches new peak - 08/25/08 09:09 PM
The 2nd quarter of 2008 began on a positive note for mortgage borrowers, as a relative lack of news caused the Mortgage - Treasury spread to narrow from its March 13th peak at 2.60% to a low of 2.03% May 30th. The Mortgage Treasury spread is an indicator of relative risk … (4 comments)
mac: Worries at Fannie, Freddie, push Mortgage - Treasury rate spread close to 52-week high - 07/11/08 09:06 AM
Fannie Mae and Freddie Mac have been struggling with the fallout of the mortgage and foreclosure crisis for some time now. This week alone, there have been several front-page articles in the Wall Street Journal. In pre-market trading this morning, stocks of the two companies are in free-fall, suggesting possible losses … (4 comments)
mac: Fed Cuts Rates, but Mortgage Rates Go Up? - 02/25/08 10:59 AM
CNN this morning reported on a new "conundrum" faced by the Federal Reserve. Industry veterans will recall 2-3 years ago when then Fed Chief Alan Greenspan noted the unfathomable disconnect between bond yields and Fed rate moves. Now Ben Bernanke is faced with the prospect of his moves having a similar, … (2 comments)
mac: $729,750: The New Jumbo (for now) - 02/11/08 12:27 PM
That's right, the economic stimulus package will be in effect shortly, and with it will come the ability for Government Sponsored Entities Fannie Mae and Freddie Mac, along with the Federal Housing Administration (FHA), to increase their loan purchase limits significantly in higher cost areas. Sure, more of us are thinking … (2 comments)
mac: What's the best weekend to get your more marginal clients signed into purchase agreements? - 11/30/07 02:50 PM
This weekend is, if a massive pricing adjustment I just received from one of our lenders spreads across the whole market. I just received an email indicating that borrowers with credit scores below 680, along with borrowers with debt-to-income ratios higher than 50%, will be charged as much as an additional 1% … (2 comments)
mac: Mortgage Rates Leave Treasuries in the Dust - 11/23/07 02:36 PM
I get an email every morning from a wholesale lender I've never met or closed a loan with, telling me about his take on the market. Specifically, today's email stated that treasury notes had slipped on investors renewed interest in a potentially rising stock market. That's all very well and good, but … (0 comments)
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In a widely anticipated move, the United States Treasury placed mortgage giants Fannie Mae and Freddie Mac in conservatorship this weekend, shoring up markets for the mortgage giants debt, but essentially canceling the value of those companies' stock. This move is seen as providing much-needed reassurance to mortgage investors that their … (1 comments)
