Federal Reserve Targets Big Banks

Bringing to a close a three year investigation, Federal regulators are nearing a settlement with Fannie Mae and Freddie Mac.  In a proposed agreement with the Securities and Exchange Commission, no monetary penalty or admission of fraud will be required of the loan giants.  Regardless of any admission of guilt, the settlement would represent an [...]

The Impending Reform of Fannie Mae and Freddie Mac

According to the public listings of meetings, Treasury officials have met with executives from several leading banking institutions, including Wells Fargo, Morgan Stanley, Credit Suisse and Goldman Sachs.  Executives from these banks are proposing ideas publicly through trade groups suggesting they become the new housing and finance leaders helping to bundle individual mortgages into securities [...]

Is The Canadian Housing Market Sustainable?

Is the Canadian economy a success story that we should follow, or are the Canadians traveling down the same path as the American economy?  This is an important question for the citizens here in the U.S.  We are watching as Canada announces better economic numbers and predicting increasing home sales.  According to Canada Mortgage and [...]

Fed Purchases Of Mortgage Backed Securities To End

The Federal Reserve Bank will discontinue buying mortgage backed securities in March 2010.  The Federal Reserve has been actively supporting the treasury and mortgage markets with purchases of treasuries and mortgage backed securities since fall 2008. This could have an impact on the mortgage climate for the foreseeable future.  A Morgan Stanley chief economist feels [...]

Federal Reserve Move Lowers Mortgage Rates Below 5%

The Federal Reserve will increase its purchases of mortgage-backed securities this year by $750 billion.  This is on top of the $500 billion promised between January and June.  Market watchers expect the move to drive down mortgage rates in coming weeks. Mortgage rates are already at near-record lows. Nationally, the average 30-year fixed mortgage was [...]

• Sponsor

• Recent Posts

  • Lenders Want More Credit Information
  • Federal Reserve Targets Big Banks
  • The Impending Reform of Fannie Mae and Freddie Mac
  • Tax Credit Helps Homes Sales Increase
  • Baltimore Sues Wells Fargo, NAACP Backs Off

• Archives

  • 2011
  • 2010
  • 2009
  • 2008

• Blogroll

  • Debt Consolidation Solutions
  • Mortage Lenders