Mortgage-backed security
A mortgage-backed security (MBS) is an asset-backed security or debt obligation that represents a claim on the cash flows from mortgage loans, most commonly on residential property.
Posted by admin! / Under Mortgage Backed Security
Given the state of the economy today and the generalconsensus about how we got into this mess, I imagine a lot of folks will be surprised to see anyone who doesn't work on Wall Street going on record in favor of mortgage-backed securities...
Published on Tuesday 16th of March 2010 05:14:35 AM
Posted by admin! / Under Mortgage Backed Security
Last week, Rep. Barney Frank called for the nations four largest banks to take a loss on secondary mortgage debt, such as home equity loans, which he says have no real economic value considering the state of the housing market. An influential group of investors, representing holders of some $100 billion in mortgage securities, is throwing
Published on Tuesday 16th of March 2010 05:14:35 AM
Posted by admin! / Under Mortgage Backed Security
Late on your mortgage? Did you know you might be able to negotiate a 20 percent reduction in what you owe? Josh Rosner, a financial analyst specializing in mortgage-backed securities, says that lenders lose 60% in a foreclosure. They may be willing to negotiate.
Published on Tuesday 16th of March 2010 05:14:35 AM
Posted by admin! / Under Mortgage Backed Security
Historically low mortgage rates may soon be gone once the Feds committment to purchase as much as $1.25 trillion in morgage backed securities expires March 31.
Published on Tuesday 16th of March 2010 05:14:35 AM
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