residential mortgage backed roosters comin' home to roost as rmbs task force gets to workfirst the feds were looking at the the swath of mortgage-backed securities among federal home loan mortgage corporation (freddie mac), the federal national mortgage association (fannie mae), and the government national mortgage association (ginnie mae) (collectively, "MBS").  if you just go by the reports in the press and the swirling rumors on the street, a lot of banks are nervous: ally ...mortgage rules prove too strict for some retireesit’s a mortgage problem that is likely to intensify as home-owning baby boomers by the millions shift into retirement: although they may have significant financial assets tucked away in retirement accounts, their diminished monthly incomes may not be sufficient to meet some lenders’ hyper-strict underwriting rules. read full article >>swedish banks' margin on mortgage loans widensthe margin between mortgage rates and swedish banks' financing costs have increased in recent years and was 1.1 percentage points at the end of the first quarter, sweden's financial supervisory authority said thursday.mortgage brokers busy as interest rates fallmortgage brokers say they've been flooded with enquiries, as banks slash interest rates. |
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