Tag Archive for: mortgage backed securities

Fannie Mae Keeps Rates 1.5% LOWER – But Do We Need Them?

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I will do anything to avoid going to the post office – and will drive miles out of my way to go to UPS or FedEx instead. The reasons are […]Read More

Treasury Yields Down; Mortgage Rates Up; Why?

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“Interest rates” went down again today, but “mortgage rates” went up. I have blogged about this before but am hitting it again because it is so interesting and because it […]Read More

Fed Promises 3 Rate Cuts This Year – But WHY? (Very Confusing Message)

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The Fed held the Fed Funds Rate steady this month – which was no surprise. The big surprise was that it announced that we’d see 3 rate cuts this year […]Read More

Is This The Worst of All Worlds? Sadly, Yes – And Here’s Why…

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WOW! Rates rose every day last week even though inflation is clearly falling! This is particularly surprising because inflation is perhaps the biggest single driver of mortgage rates. Making matters […]Read More

Who Buys Loans From Mortgage Banks; How It Works & Why It Matters

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Most mortgages in America are funded by “mortgage banks” – which are entities that solely originate, underwrite, and fund mortgages; they do not hold deposits or do any of the […]Read More

Mortgage Rate Rules Out The Window; Confirmation Bias; Kool-Aid Mustaches, Sting-Rays & Snakes

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In the pre-internet days of the mid-1990s, we would call the “Bond Market Hotline” on the telephone (with a cord 😊) several times per day to see how the 10 […]Read More

Portfolio Loans – What Exactly Are They?

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After the 2008 mortgage meltdown, a large number of Asian buyers very wisely swooped in to buy CA residential real estate on the cheap. Many came to us for financing […]Read More

Could Deregulation Bring Back Sub-Prime Lending? Not a Chance

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Sub-prime lending isn’t coming back like before 2008. Without rating agencies, Fannie/Freddie, and artificial demand, there’s no market.Read More

Loans Have To Be “Salable;” No Exceptions For Strong Borrowers

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We have seen a few major mortgage companies go out of business lately, despite a strong market for mortgages overall. One of the reasons they went out of business was […]Read More