All Posts Tagged With: "interest rate"
Mortgage Modifications Threatened by Higher Interest Rates
Mortgage interest rates have spiked during the past two weeks, so is there a need to worry? The news is unsettling because last August the Federal Reserve announced that it would stop purchasing mortgage-backed securities (MBS) in the open market on March 31, 2010. The thought of one less buyer in the marketplace — one [...]
12Apr2010 | Peter G. Miller | 0 comments | Continued
Capitol Hill Mortgages No Big Deal
According to various reports the Senate Ethics Committee has spent several hours lately speaking with a former Countrywide official. The issue is cushy mortgages and discounted mortgage rates for Senators Chris Dodd (D-Conn.) and Kent Conrad (D-N.D.), but curiously not a mention of any Republicans. This is news? The senators, of course, argue that they [...]
29Jul2009 | Peter G. Miller | 0 comments | Continued
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