Does the mortgage industry still need Appraisal Management Companies?

Does the mortgage industry still need Appraisal Management Companies?

Not with Fannie Mae's Collateral Underwriter

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”
W S
Investments / The Ticker

Fed shakes up the bond market

stock art
/ Print / Reprints /
| Share More
/ Text Size+

Federal Reserve Chairman Ben Bernanke stirred the bond market after announcing the Fed’s plans to continue Treasury and MBS purchases at the current pace, Bloomberg reported.

Yields, which rose 0.02 percentage point as of 11 a.m. in New York, soared as high as 3.81 percent on Sept. 5 from 2.28 percent in May as speculation mounted that the central bank would pare its $85 billion of monthly bond buying including $40 billion of government-backed mortgage securities.

“It is essential for the Fed to convince the market of its commitment to keep rates low” because many holders of mortgage bonds use borrowed money in their investing, BNP Paribas SA analysts Anish Lohokare and Timi Ajibola wrote yesterday in a report. Higher financing rates for buyers require steeper yields to maintain returns.

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus