The European debt crisis is taking its toll on the U.S. stock market and sovereign debt yields. But it also has the yield on the 10-year Treasury note lower than any close on record — creating more opportunity for U.S. mortgage originators. The 10-year yield closed at 1.70 percent on May 17 — its lowest [...]
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10-Year Yield Trading Below Record Low
May 30th, 2012 
davidguide 
Posted in Business Loans 
Tags: Below, debt, department of the treasury, federal reserve board, Low, mortgage originators, percent, trading, Treasury, u s stock market, year treasury note 
Comments OffRealtors Oppose REO-to-Rental Program
April 24th, 2012 davidguide The Federal Housing Finance Agency recently began qualifying investors to purchase pools of real-estate-owned assets in some of the nation’s worst housing markets from Fannie Mae and Freddie and convert them to rental properties. But the strategy is opposed by some local California Realtors who stand to lose commissions on such bulk sales. The FHFA, [...]
Posted in Business Loans Tags: california realtors, department of housing and urban development, department of the treasury, Fannie, Federal, finance, Housing, housing and urban development, housing finance agency, REOs, strategy Comments OffU.S. Nets Tidy Profit from MBS Investments
March 19th, 2012 davidguide More than $200 billion in agency mortgage-backed securities acquired by the U.S. government at the height of the financial crisis has netted taxpayers a more than 10 percent return. The Housing and Economic Recovery Act of 2008 was signed into law by President George W. Bush on July 30, 2008. Among the provisions of the [...]
Posted in Business Loans Tags: Act, department of the treasury, economic recovery act, fannie mae, ginnie mae, Housing, investments, law, mortgage backed securities, percent, Tidy Comments OffRates Increase But Might Retreat
January 27th, 2012 davidguide The average 30-year fixed-rate mortgage this week climbed 10 basis points from the previous week. A 7-basis-point elevation was recorded for the average 15-year mortgage. But rates could see-saw and wind up around 10 BPS lower in next week’s report based on an analysis of data from the Department of the Treasury. View full post [...]
Posted in Business Loans Tags: 30 year fixed rate, 30 year fixed rate mortgage, basis, department of the treasury, elevation, fixed rate mortgage, post, Retreat, Treasury, wind, year fixed rate mortgage Comments OffHolidays Dampen Demand, Rates Bounce off Bottom
December 26th, 2011 davidguide The U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended Dec. 23 was 193. It was the slowest week for loan inquiries since the Thanksgiving index of 161. The 30-year mortgage average fell to the lowest on record, but an analysis of market data reported by the Department of the Treasury [...]
Posted in Business Loans Tags: com, demand, department of the treasury, loan inquiries, Mortech, mortgage market, MortgageDaily, Rates, Thanksgiving, thanksgiving index Comments OffExpected Bailout Costs Lowered for Fannie, Freddie
October 27th, 2011 davidguide The Federal Housing Finance Agency projected a year ago that draws under Fannie Mae’s and Freddie Mac’s stock purchase agreements with the Department of the Treasury could reach as much as $363 billion by 2013. But a new report from the regulator estimates that Treasury draws will likely only reach a maximum of $311 billion [...]
Posted in Business Loans Tags: department of the treasury, Expected, Fannie, fannie freddie, fannie mae, finance, Housing, housing finance agency, Regulator, stock purchase, Treasury Comments OffAgency MBS Investments by Treasury Prove Profitable
July 7th, 2011 davidguide The Department of the Treasury spent $225 billion to buy agency mortgage-backed securities to help stabilize the housing market during the Great Recession. Since launching an effort to cut its holdings, the department has recovered about 65 percent so far. “Based on current market conditions, Treasury expects to make a profit for taxpayers on this [...]
Posted in Business Loans Tags: assistant secretary, current market, Department, department of the treasury, Housing, housing market, investments, mortgage backed securities, percent, Profit, Treasury Comments Off
