Fannie Mae and Freddie Mac. What cute-sounding names. They suggest adorable siblings, not twin financial disasters that may cost $1 trillion when we get the final bill.
According to Edward Pinto, Fannie Mae’s former chief credit officer, in 2008 the two government-supported mortgage finance companies, along with the Federal Housing Administration [...]
Posts Tagged ‘borrowers’
Kotlikoff: How to Fix the Mortgage Mess
January 17th, 2011 by Financial Writer
Tags: au, bank, banks, borrow, borrowers, borrowing, business, buyers, Debt, economic, economics, fannie Mae, fed, finance, financial, freddie Mac, glo, Global Financial, government, home prices, housing, interest rate, Invest, investment, investor, investors, lender, lenders, loan, loans, money, mortgage, mortgage applications, mortgage finance, mortgage market, mortgages, oil, president, rate, stock, subprime mortgages, taxpayers, ubs, us, wall street
more...If The Bank Sued To Foreclose, The Mortgage To Ensure That They Meet
January 5th, 2011 by Financial Writer
One of the creative defenses to a foreclosure action in this past year has shown, that the demand for bank foreclosure of the mortgage shall demonstrate in this regard and has been home and apartment owners to sue. In the vast majority of the shares of foreclosure, banks are not the original notes, rather [...]
Tags: au, bank, banks, borrow, borrowers, company, foreclosure, homeowners, Invest, investment, investor, investors, lender, lenders, lending, loan, loans, mortgage, mortgage companies, mortgages, owners, predatory lending, rate, transaction, ubs, us
Mortgage-Bond Slump ‘Won’t Be Fun’ for Housing: Credit Markets
December 13th, 2010 by Financial Writer
A slump in government-backed mortgage securities that’s sent yields to the highest level since May is threatening a recovery in the U.S. housing market, which had been bolstered by record-low borrowing costs.
Yields on Fannie Mae-guaranteed securities that most affect loan rates jumped as high as 4.21 percent today, an increase [...]
Tags: au, bank, bank of america, banking, banking group, banks, barack obama, ben, borrow, borrowers, borrowing, borrowing costs, business, buyers, California, company, credit market, dealers, Debt, dollar, economist, euro, Europe, fannie Mae, fed, Federal Reserve, finance, financial, financial industry, foreclosure, freddie Mac, general electric, government, home prices, homeowners, housing, housing market, increase, inflation, inventory, Invest, investment, investor, investors, lender, lenders, lending, loan, loans, mortgage, mortgage market, mortgage rates, mortgages, new york, obama, owners, president, rate, rate mortgages, sales, the dollar, unemployment, us, USA
Home loan conference recap
December 7th, 2010 by Financial Writer
Mortgage maven Christopher Cruise summarizes yesterday’s housing conference in D.C.:
My overall impression of the conference is that there will be changes and that maybe, maybe sometime in the next decade or so, Fannie and Freddie will cease to exist, or their functions will be split and half-retained in government and the other half fully privatized. [...]
Tags: au, bank, bank of america, borrow, borrowers, government, home prices, housing, housing market, increase, loan, loans, mortgage, obama, obama administration, president, ubs, us
China’s Stocks Decline on Inflation Concern, Commodity Prices
November 11th, 2010 by Financial Writer
China’s stocks fell the most in two weeks on slumping commodity prices and concern the government may step up measures to contain growth in housing and consumer prices after inflation accelerated to a two-year high last month.
Industrial and Commercial Bank of China Ltd. slid more than 2 percent after Bank of America Merrill Lynch Research [...]
Tags: Bank Inflation, bank of china, borrowers, consumers, financial system, Global Economy, inflation, lenders, loans, real estate, stock market
Inflation Bonds Are Sold With Negative Yield for First Time
October 25th, 2010 by Financial Writer
At a time when savers complain that they are earning almost no interest from their bank accounts, some investors on Monday bought United States government bonds that effectively had negative rate of return.
Bizarre as it sounds, that is correct. In an auction of a special kind of five-year Treasury bond, investors paid $105.50 for every [...]
Tags: borrowers, commerce department, financial crisis, inflation, interest rates, investors, loans, money, us stocks, us treasury
China’s Stocks Fall on Higher Interest Rate Concerns; Banks, Brokers Drop
October 22nd, 2010 by Financial Writer
China’s stock index fell for a second day, narrowing this week’s gains, as banks and brokerages dropped on concern quickening inflation may push policy makers to boost interest rates further.
Industrial & Commercial Bank of China Ltd. led a gauge of financial stocks lower for a second day after data showed the fastest inflation in 23 [...]
Tags: borrowers, central bank, china business, financial system, stock market
Bernanke Signals Fed Is Ready to Prop Up Economy
August 27th, 2010 by Financial Writer
The Federal Reserve chairman, Ben S. Bernanke, said Friday that the central bank was determined to prevent the economy from slipping into a cycle of falling prices, even as he emphasized that he believed growth would continue in the second half of the year, “albeit at a relatively modest pace.”
To help sustain the economy, Mr. [...]
Tags: ben bernanke, borrowers, central bank, economists, european central bank, Federal Reserve, IMF, interest rates
U.S. Treasury to Sell $74 Billion in Long-Term Debt Next Week
August 4th, 2010 by Financial Writer
The U.S. Treasury Department plans to sell $74 billion in its quarterly sales of long-term debt next week, as lower projected budget deficits allow the government to reduce borrowing at a “gradual pace.”
The Treasury is starting to scale back auction sizes, after expanding debt sales to finance annual budget deficits exceeding $1 trillion for the [...]
Tags: borrowers, economic growth, economic recovery, federal economic, financial, Global Economy, US Finance, us treasury
South Korea’s Industrial Output Rises for 12th Month, Exceeding Forecasts
July 29th, 2010 by Financial Writer
South Korea’s industrial output rose more than forecast in June, expanding for a 12th month, showing resilience to risks from advanced economies and providing more reason to keep raising rates.
Output gained 16.9 percent from a year earlier, after rising a revised 21.7 percent in May, the statistics office said in Gwacheon today. That compared with [...]
Tags: borrowers, consumers, economic growth, economists, Global Financial, global financial crisis, interest rates, South Korean