Posted by admin! / Under Mortgage Backed Security
First lets define what a Mortgage Back Security is, or MBS. More or less a MBS is a bond sold on wall street from the big government backed firms Fannie Mae and Freddie Mac. These loans are originated by banks we all know and love. Then the banks sell these loans off to Fannie Mae, and Freddie Mac in big pools (collections of mortgages).
Published on Monday 8th of March 2010 07:33:11 PM
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Posted by admin! / Under Mortgage Backed Security
mortgage refinance for poor credit. Breaking News New Fha Rules
Refinance with a Government Backed Secure FHA LoanNew FHA Rules Require 10% Down 580/lower credit.
Published on Monday 8th of March 2010 07:33:11 PM
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Posted by admin! / Under Mortgage Backed Security
An influential voice on Capitol Hill has unexpectedly called into question the safety of investing in Fannie Mae and Freddie Mac, raising the specter that investors who have lent money to the two firms or bought their mortgage-backed securities could one day suffer losses.
Published on Monday 8th of March 2010 07:33:11 PM
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Posted by admin! / Under Mortgage Backed Security
Mortgage rates will rise as the government stops buying mortgage backed securities. Home affordability will suffer as a result.
Published on Monday 8th of March 2010 07:33:11 PM
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