Warehouse Lending Rescue? – New Task Seen for Fannie, Freddie – By JAMES R. HAGERTY – The regulator of Fannie Mae and Freddie Mac is considering giving the government-backed mortgage companies another role: helping to finance small mortgage banks. -  Wall Street Journal 

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Fund yourself? – Report: Colonial BancGroup near deal to convert to thrift – [...]

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John P. Hussman:  On the Urgency of Restructuring Bank and Mortgage Debt, and of Abandoning Toxic Asset Purchases -  Attempting to avoid the need for debt restructuring by wasting trillions in public funds increases the likelihood that the current economic downturn will be prolonged, … This reset profile is of great concern, because [...]

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Bernanke Treasury Plan Drives Pimco to Mortgage Bonds – By Daniel Kruger – … Yields on Washington-based Fannie Mae’s current-coupon 30- year fixed-rate mortgage bonds declined to 3.85 percent on March 19, the lowest in two months. The difference between the rates and those on 10-year Treasuries shrank to 1.18 percentage points last week, the [...]

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The Week Ahead in the Capital Markets  –   March 30, 2009

“God Bless the Internet!” exclaimed one mortgage trader. Websites were pushed to their limits as the mortgage industry posted an all-time record rate lock day. When the Treasury announced its intent to buy mortgage securities two weeks ago, rates dropped and volume surged.

Record volume is [...]

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