Mortgage-backed security
A mortgage-backed security (MBS) is an asset-backed security or debt obligation that represents a claim on the cash flows from mortgage loans, most commonly on residential property.
Posted by admin! / Under Mortgage Backed Security
The Federal Reserve has paid a year long bribe to the housing market to keep mortgage rates almost a full point below average. The $1.25 trillion payoff also known as the Mortgage Backed Security purchase program is about to end. Will the mortgage market stay bought?
Published on Wednesday 17th of March 2010 10:08:41 PM
Posted by admin! / Under Mortgage Backed Security
Housing is on the rocks and prices are headed lower. Master illusionist Ben Bernanke managed to engineer a modest 7-month uptick in sales, but the fairydust will wear off later this month when the Fed stops purchasing mortgage-backed securities and long-term interest rates begin to creep higher.
Published on Wednesday 17th of March 2010 10:08:41 PM
Posted by admin! / Under Mortgage Backed Security
The Federal Reserves move to stop buying mortgage-backed securities shows a degree of confidence that it can eliminate that pillar of support without undermining the nation's economic recovery.
Published on Wednesday 17th of March 2010 10:08:41 PM
Posted by admin! / Under Mortgage Backed Security
The US housing market will face another retreat while mortgage-backed securities and Treasurys are likely to go through a "material" correction, Meredith Whitney, CEO of Meredith Whitney Advisory Group, told CNBC Tuesday.
Published on Wednesday 17th of March 2010 10:08:41 PM
by Helen Keller
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