Google+
  • Ocwen2.66+0.04 +1.53%
  • Zillow43.34+0.11 +0.25%
  • Trulia47+0 +0%
  • NationStar17.00-0.07 -0.41%
  • CoreLogic42.64-1.08 -2.47%
  • RE/MAX55.20+0.90 +1.66%
  • Fannie Mae2.60+0.00 +0.00%
  • Freddie Mac2.50+0.02 +0.81%
  • Wells Fargo52.41-0.37 -0.70%
  • CitiMortgage62.07+0.12 +0.19%
  • Bank of America23.24-0.01 -0.04%
  • Fidelity National Financial42.42+0.57 +1.36%
  • First American43.10-0.17 -0.39%
  • Black Knight Financial Services39.45-0.30 -0.75%
  • AUDUSD=X0.7437-0.0007 -0.0981%
  • USDJPY=X111.3900+0.0800 +0.0719%
Home | Tag Archives: MBS

Tag Archives: MBS

Speculation Surrounds the Fed Balance Sheet

As the Federal Reserve begins to normalize their balance sheet, speculators believe that the final product may be up to three times larger than it was before the financial crisis, if not bigger. The balance sheet refers to the portfolio of securities, such as various types of Treasury debt and mortgage-backed securities (MBS), that it has purchased. Rising interest rates are sure to drive up rates in the housing market, and the Fed’s decision to pullback from mortgage-backed securities will only add to the rising rates.

Read More »

Fed’s MBS Phaseout May Drive Up Rates

Many expect the Federal Reserve to begin pulling back from the MBS market later this year or early next. A new analysis delves into the options the Fed has for its pullback--as well as the impact each of those options may have on the market. Whichever the Fed choose, expert say it will impact mortgage rates either way.

Read More »

Morgan Stanley Announces $1.25B Settlement with FHFA

In a filing with the Securities and Exchange Commission (SEC) Tuesday, Morgan Stanley revealed it has reached a $1.25 billion agreement in principle with FHFA to resolve pending mortgage-backed securities (MBS)-related litigation. In connection with the settlement, the company announced it is recording a $150 million addition to its fourth-quarter legal reserves.

Read More »

FOMC Moves Forward on Tapering

bernanke

The Federal Open Market Committee (FOMC) voted on Wednesday to scale back the Federal Reserve's bond-buying program. The cut—the second one in as many months—will see total monthly asset purchases coming down to $65 billion. While December's weak employment report led some to believe there might be a pause in the taper, the committee waved it off in light of other, more positive indicators.

Read More »

Business Ticks Up at Freddie Mac

freddie-mac-two

According to Freddie Mac's December volume summary, the GSE's total mortgage portfolio grew at an annualized rate of 0.4 percent for the month, bringing 2013's average rate to -2.6 percent. The portfolio grew in four out of last year's 12 months and shrank in eight, including a streak of declines from July through November. As of the end of the year, the portfolio was valued at approximately $1.91 trillion.

Read More »

Commentary: Looking Forward

In a commentary shared with DSNews.com, Peter Muoio, chief economist for Auction.com Research, revealed the company's predictions for 2014. Muoio says the housing recovery will get its second wind next year, the Federal Reserve's tapering of stimulus measures will extend for a longer period that most analysts are expecting, REO-to-rental will cool off, and the Canadian housing bubble will come closer to bursting.

Read More »

FHFA Wants to Hear Your Thoughts on Proposed Loan Limits

The Federal Housing Finance Agency (FHFA) says it wants input on a plan to lower the ceiling for loans eligible for purchase by Fannie Mae and Freddie Mac. Under FHFA's proposed plan, the $417,000 maximum limit for single-family homes in most areas around the country would be lowered to $400,000, a reduction of about 4 percent. Areas with higher limits would see a similar cut, with the $625,500 maximum dropping to $600,000.

Read More »

FHFA Announces Plans to Combine Divisions

As the newly confirmed Mel Watt prepares to take the reins at the Federal Housing Finance Agency, current Acting Director Edward DeMarco has announced changes to the agency's senior staff. Jeffrey Spohn, deputy director of the Office of Conservatorship Operations, will retire in January. To fill the role, the agency has appointed Wanda DeLeo, who currently serves as deputy director in the Office of Strategic Initiatives. The two divisions will be combined into a new Division of Conservatorship to ease the transition.

Read More »

Freddie Mac’s Mortgage Portfolio Shrinks at Fastest Rate This Year

Freddie Mac's mortgage book of business contracted at an annualized rate of 6.4 percent in October, marking the fourth consecutive month of declines. The book has registered declines in seven of the first 10 months of 2013, according to Freddie Mac's monthly volume summary. October's pace of decline was the highest rate so far this year and is up from a 4.3 percent annualized rate reported for September.

Read More »
Scroll To Top