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treasury: Treasury Unveils Plan... - 07/09/09 10:15 AM
Late in the day Wednesday, the Treasury unveiled their plan to take up to $40 billion in so-called illiquid assets off bank balance sheets.  Nine investment managers have been chosen to bid for these illiquid assets.
The $40 billion is composed of $30 billion of equity and debt invested by the Treasury, along with an additional $10 billion by the private investor groups.
The programs goal is to enable the financial institutions to dispose of troubled illiquid mortgage securities and other packaged assets so they can provide new sources of lending to the economy.
Some analyst believe interest in the program … (0 comments)

treasury: What's in store for Mortgage Rates? - 06/23/09 10:59 AM
Today the Fed begins their 2 day meeting.  We know the Fed Funds Rate is not going to change, but there is speculation that the Fed will buy more longer-term Treasuries, which may provide a jump start to eventually bring Mortgage rates down.
So if you are still considering a refinance, it is important to be ready to pull the trigger should "Fed-speak" cause a rally tomorrow.  Be prepared to act quickly.
I've seen many people pass on saving $200 per month in the hopes rates might improve a bit more, helping them gain another $25 per month in additional savings … (0 comments)

treasury: Confidence Disappoints Stocks, Will Bonds Benefit? - 01/27/09 09:17 AM
Last night the Senate confirmed Timothy Geithner as Secretary of the Treasure.  Obama showed up to swear him in, which is a bit unusual.  It will be interesting to see how Obama's recovery plan will advance.
Consumer Confidence comes in lower than expectations and knocked the life out of stocks. Mortgage Bonds catch a slight bounce.  The conference board said they are beginning to see improvements in consumer expectations...could this be the result of renewed hope with a new President?
This afternoon a big supply of Bonds will hit the market at 1pm ET, when the Treasury will auctions off $40B in 2-year T-Notes.  … (0 comments)

 

Elizabeth Rose - Certified Mortgage Planning Spec - Texas

Highland Village, TX

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Network Funding, LP

Address: 2800 Corporate Drive, Suite 101, Flower Mound, TX, 75028

Office Phone: (972) 244-3121

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An inside look at the mortgage market and how it might affect you.


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