Tag Archives: Mortgages

mtg apps dip

How does that go again about low rates helping housing? Mortgage Applications Dipped Last Week June 29 (Reuters) — Applications for U.S. home mortgages slipped last week as demand waned, even as mortgage rates dropped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes […]

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Mosler proposal for the housing agencies

Have the Fed Financing Bank fund the agencies with fixed rate amortizing term funding. Have the FFB eat the convexity and allow prepayments of advances at par as mtgs pay down. Have Congress set the FFB’s advance rate for the mtgs for public purpose. Have fed member banks originate agency mtgs on Congressionally dictated terms […]

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mtg apps for new purchases fall again

Seems the fall off after the tax credit ended April 30th has yet to fully run its course: US Mortgage Applications Soar on Refinance Demand July 7th (Reuters) —Refinancing drove total U.S. mortgage applications to a nine-month high last week, while demand for loans to purchase homes sunk to a near 13-year low as buyers […]

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Re: Alt A downgrades

[Skip to the end] (An email exchange) On Wed, Jun 4, 2008 at 12:57 AM, Eric wrote: >     I guess you have seen this article. > >      Primes going down too. > > >      More generally look at the attached graphs, they suggest that IOs and other >      exotic mortgage are clearly […]

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U.K. mortgage approvals drop to least since 1999

U.K. Mortgage Approvals Drop to Least Since 1999 By Jennifer Ryan (Bloomberg) U.K. mortgage approvals dropped in December to the lowest in at least nine years, and consumer credit fell, threatening the outlook for economic growth. Lenders granted 73,000 loans for house purchase, down from 81,000 in November and the least since records began in […]

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