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Rates on 30-year mortgages sink, match record low
finance.yahoo.com — McLEAN, Va. (AP) -- Average rates for 30-year fixed mortgages fell this week, matching a record low... set last spring and more than a full percentage point below what they were a year ago, Freddie Mac said Wednesday. Rates for 30-year mortgages averaged ... (more) Rates on 30-year mortgages sink, match record low
Freddie Mac: Taylor, Bean loss may be significant (AP)
news.yahoo.com — AP - Mortgage finance company Freddie Mac said Monday it could lose $500 million or more as... a result of the bankruptcy protection filing of Taylor, Bean & Whitaker Mortgage Corp. (more) Freddie Mac: Taylor, Bean loss may be significant (AP)

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Random Thoughts: Carbon Trading, Airport Parking Fees, Freddie Mac Losses, Student Loans
Freddie Mac Mortgage Portfolio Rose To $2.244 Trillion, Single-Family Portfolio Delinquencies ...
hf-implode.com — "The government sponsored version of subprime expert New Century reported October numbers, and they were not pretty.... The bankrupt lender of 3.5% down housing loans saw its total mortgage portfolio rise to $2.244 trillion, thanks to the Fed which keeps on buying whatever crap FRE spews off the ... (more) Freddie Mac Mortgage Portfolio Rose To $2.244 Trillion, ...
Freddie Mac trying to minimize exposure from failed lender, regional bank
hf-implode.com — " Freddie Mac, the government-backed mortgage finance giant, said Monday it's trying to minimize losses on more... than $1 billion in assets at risk because of the summer collapse of mortgage lender Taylor, Bean & Whitaker and a regional bank with which it did business." (more) Freddie Mac trying to minimize exposure from failed ...
Freddie says TBW-related loss may grow, files claim (Reuters)
news.yahoo.com — Reuters - Freddie Mac, the U.S. mortgage finance giant, said on Monday it is seeking $595 million... in loan payments and other funds hung up after the bankruptcy of lender Taylor, Bean & Whitaker. (more) Freddie says TBW-related loss may grow, files claim  ...
Agency Mortgage Bonds are RICH
Agency Mortgage Bonds are RICH
econompicdata.blogspot.com — Bloomberg (via Calculated Risk ) details Meredith Whitney's latest concern: The Federal Reserve has begun slowing purchases... in the $5 trillion market for so-called agency mortgage-backed securities after announcing in September that it would extend ... (more) Agency Mortgage Bonds are RICH
Risk versus the US dollar
hf-implode.com — If and when the Federal Reserve moves out of the mortgage backed securities field -a move expected... in the first quarter of 2010-, will private investors step in? Well, why should they? What profit can they expect to reap? US housing prices have been kept artificially high for at least the past ... (more) Risk versus the US dollar
U.S. to aid some local mortgage programs
hf-implode.com — A Treasury Department program aimed at propping up local housing finance agencies will help inject $29 billion... into these groups over the next year, according to government data scheduled to be released Tuesday. The program focuses on state and local housing finance agencies, which provide ... (more) U.S. to aid some local mortgage programs
FHA boss: FHA is not the new subprime (AP)
news.yahoo.com — AP - Federal Housing Administration Commissioner David Stevens says concerns that the agency is headed for the... same financial trouble that snared Fannie Mae, Freddie Mac and the subprime sector are unwarranted. (more) FHA boss: FHA is not the new subprime (AP)
Our Economy Is on Steroids
minyanville.com — To help the auto industry, taxpayers were subsidizing the price of autos through the Cash for Clunkers... program and thus were creating artificial demand. The housing market, the epicenter of this crisis, is propped up from different directions. On one ... (more) Our Economy Is on Steroids
New fed housing program involves $29B in financing
hf-implode.com — "A new federal program to support state and local housing finance agencies is expected to involve more... than $29 billion in government support, Fannie Mae and Freddie Mac disclosed Thursday." (more) New fed housing program involves $29B in financing
Bair: "Bank Bailout NOT a good thing"; Pension Benefit Guaranty Corp (PBGC) Bailout Coming
hf-implode.com — David Stevens: "Bailout is a term widely used with financial institutions. FHA is a government agency so... let's just be clear. .... FHA does not operate under the same context as a typical financial institution. So the term bailout really just does not apply technically" Lovely Given that ... (more) Bair: "Bank Bailout NOT a good thing"; Pension Benefit ...
Why No One’s Watching Fannie and Freddie
hf-implode.com — "An arcane legal matter has left the agency charged with overseeing Fannie Mae and Freddie Mac without... an independent inspector general for nearly one year, setting off a storm of finger pointing and raising concerns from members of Congress over why the agency has gone without independent ... (more) Why No One’s Watching Fannie and Freddie
Home appraisal system could be dustbin-bound
hf-implode.com — " Could the controversial appraisal system imposed nationwide by mortgage giants Fannie Mae and Freddie Mac in... May -- and now tied to lowball property valuations, busted home sale transactions and higher fees to consumers -- be on its way out?" (more) Home appraisal system could be dustbin-bound
Fannie Mae to Rent out Homes Instead Foreclosing
abcnews.go.com — Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes... from Fannie Mae, under a policy announced Thursday. The government-controlled company, through its new "Deed for Lease" program, will allow borrowers ... (more) Fannie Mae to Rent out Homes Instead Foreclosing
Fannie Mae to rent out homes instead foreclosing (AP)
news.yahoo.com — AP - Thousands of borrowers on the verge of foreclosure will soon have the option of renting... their homes from Fannie Mae, under a policy announced Thursday. (more) Fannie Mae to rent out homes instead foreclosing (AP)
Fannie, Freddie, Counterparty Risk and More
calculatedriskblog.com — Yesterday I posted some excerpt from Freddie Mac's 10-Q: We believe that several of our mortgage insurance... counterparties are at risk of falling out of compliance with regulatory capital requirements, which may result in regulatory actions that could ... (more) Fannie, Freddie, Counterparty Risk and More