Search Results for: covered bonds

New accounting rules may make covered bond program more prominent

Posted on in Credit Crisis

Rob Chrisman wrote in yesterday’s edition of the “Pipeline Press” (a great blog if you want to stay abreast of the changes in the mortgage industry) that new accounting rules may make covered bonds more common with regard to securing mortgages.  I originally blogged about covered bonds back in 2008 when the subprime mortgage crisis […]

Hank & the Treasury are at it again…..

Posted on in General Mortgage Info., Housing & Real Estate

Treasury Secretary Henry “Hank” Paulson is at it again cooking up additional solutions aimed at shoring up confidence in the battered mortgage/ financial market.  His latest recipe calls for an alternative secondary marketplace to supply funding for mortgages.  From the looks of it his strategy is designed to instill confidence amongst investors in the mortgage market by […]

Mortgage Rate Update November 18, 2013

Posted on in Rate Update

Mortgage note rates are unchanged from Thursday but the accompanying closing costs are slightly less so in fact the rate environment has improved modestly. Over the past week mortgage rates have recovered all the losses caused by the stronger than expected jobs report released on Friday, November 8th.  Despite the growth in jobs for October […]

Mortgage Rate Update June 27, 2013

Posted on in Rate Update

Mortgage rates have reversed lower off the highs we saw on Monday. With the exception of yesterday’s revised US Gross Domestic Product (GDP) numbers most of the economic data released this week has been positive for the economy.  Durable goods orders, the Case-Shiller Home Price Index, Consumer Confidence, and initial jobless claims were all reported […]

Mortgage Rate Update April 9, 2012

Posted on in Rate Update

Mortgage rates are better today. With the stock market closed on Friday US equities have opened sharply lower in response to Friday’s disappointing jobs report.  When stocks trade lower it typically helps mortgage rates move lower. Mortgage rates have recovered about .25% from the spike in rates suffered after the Fed’s last monetary policy statement. […]

Mortgage Rate Update April 4, 2012

Posted on in Rate Update

Mortgage rates are higher this morning. Mortgage rates got rocked yesterday afternoon following the release of the minutes from the Fed’s most recent monetary policy meeting.  There was no indication in the minutes that the Fed was preparing to unveil another round of quantitative easing (QE) after “Operation Twist” ends on June 30th.  QE is […]

Mortgage Rate Update March 29, 2012

Posted on in Rate Update

Mortgage rates have opened up slightly better this morning. Domestic economic data is driving the interest rate markets this morning.  The Labor Department reported that the number of people filing for jobless claims fell to the lowest level in 4 years last week.  Normally good news for the economy is is bad news for mortgage […]

Mortgage Rate Update January 13, 2011

Posted on in Rate Update

Mortgage rates are slightly better this morning. Mortgage rates recovered yesterday afternoon following the US Treasury’s 10-year note auction which saw stronger demand than was anticipated. This morning brought 3 economic data points to the markets.  Weekly jobless claims jumped last week which isn’t entirely surprising.  Employers who held off laying off workers during the […]

Mortgage Rate Update January 6, 2011

Posted on in Rate Update

Mortgage rates are priced slightly worse this morning. Pricing on mortgage rates worsened yesterday in response to the much stronger than expected jobs numbers from payroll company ADP.  This morning mortgage-backed bonds have recovered a fraction of the losses suffered yesterday as investors get ready for tomorrow’s all-important jobs report. Expectations for the numbers of […]

Rate Update July 14, 2010

Posted on in Rate Update

Mortgage rates are unchanged this morning. After mortgage-backed bond (MBS) prices fell yesterday afternoon, threatening to push rates higher, they have recovered this morning on technical support and weak economic news. Bad economic news is often good news for mortgage rates.  This morning the Commerce Department reported that retail sales fell in June by more […]