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 [...]
Posts Tagged ‘dealers’
Mortgage-Bond Slump ‘Won’t Be Fun’ for Housing: Credit Markets
December 13th, 2010 by Financial Writer
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
more...Government suspends ‘cash for clunkers’ program
July 30th, 2009 by Financial Writer
The government is suspending the explosively popular “cash for clunkers” program fearing it would go broke before it could parcel out what it still owes dealers for a huge backlog of sales.
The pending suspension was confirmed by Bailey Wood, legislative director for the National Automobile Dealers Association (NADA), which had been called Thursday night by [...]
Tags: backlog, dealers, government, USA