Souring mortgage bonds that aren’t backed by the government continued to cause heartburn for some of the Federal Home Loan Banks during the second quarter. Two banks reported second-quarter losses in part because of larger loss provisions for the so-called private-label mortgage securities.
Bad mortgage bets continue to bleed home loan banks
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
