Archive for May, 2009
Fed Considering Slowing Bad Credit Mortgage Securities
Bad credit mortgage loans have not disappeared. A recent report indicated that poor performing mortgage securities were still a concern and the loan modification craze certainly has not helped the subprime mortgage or FHA loan market. The Federal Reserve will probably slow its rate of mortgage-backed securities purchases this year to make room for private [...]
Jumbo Mortgage Problems Hurting High End Home Sales
The limited availability and high cost of jumbo mortgage products not backed by the government is taking a toll on sales of high-priced homes, a trend that’s rippling through housing markets and the economy, according to a new research report by the National Association of Realtors. The mortgage lending report floats the idea of temporarily [...]