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Despite already receiving $145 billion in taxpayer monies from the Treasury, Freddie Mac and Fannie Mae are asking for more money in order to provide funding for the U.S. mortgage market and to keep the market stable. MarketWatch reports that another bailout would ensure there is adequate capital available to banks and other lenders. Of the … Continue reading Freddie and Fannie Say They Need More Money Things have gotten interesting on the mortgage brokerage front. The New York Times released a bombshell article on its Web site last night, reporting that top management at Goldman Sachs oversaw the mortgage unit and took an active role in overseeing the mortgage unit as the housing bubble was on the brink of popping. According to … Continue reading Who (or What) Was Behind The Mortgage Market Collapse? See how this week shapes up below: MON: Existing Home Sales TUES: Case Schiller Index / Consumer Confidence WED: Crude Inventories / New Home Sales / FOMC Meeting On Rates THURS: Jobless Claims / Durable Goods Orders FRI: GDP / Chicago PMI Last Week- Another decent week for the bond and mortgage markets, the benchmark 10 yr treasury yield fell 8 basis points to its … Continue reading Affordable Financial Services’ Weekly Finance Review The bond and mortgage markets opened better this morning as the choppy trade remains intact with not much actual change in rates this week so far. At 8:00 the 10 yr +7/32, mtgs +3/32 and the DJIA futures -30; at 9:00 the 10 yr note +13/32 at 3.69%, breaking under 3.70%, … Continue reading Affordable Financial Services Mortgage Market Report |
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