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 [...]

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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 [...]

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