Mortgage-Backed Bonds Still Have Fans
Despite the woes rocking mortgage companies Fannie Mae and Freddie Mac, bond-fund company Pacific Investment Management continues to favor agency mortgage-backed securities over government debt.
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Key rate drops to lowest level in eight months Fixed mortgage rates have fallen to their lowest levels since spring, as investors become confident that the Federal Reserve will cut short-term interest rates.read more...
Fraud Probe Nets Prison Guard A federal prison guard and a state parole officer are among five people arrested as part of an elaborate mortgage fraud scheme in Atlanta, officials announced on Friday.read more...
Housing market strong but slowing The U.S. housing market remains strong but is chilling a bit, with the annual rate of July home sales falling 2.6% from June, the National Association of Realtors said Tuesday.read
Chancellor to meet mortgage lenders (ePolitix.com) Chancellor Alistair Darling is meeting with mortgage lenders to discuss ways to reinvigorate the housing market.read more...
Borrowers grow more wealth with 15-year mortgage Longer loan term doesn't necessarily mean less cost Q: I can afford the larger payment on a 15-year fixed-rate mortgage, but I plan to take a 30-year anyway, invest the
the Color of Money: Blacks lag in home ownership and so lose out financially Blacks lag in home ownership and so lose out financially WASHINGTON What is the economic state of black America? That is the question radio and television hosts Tavis Smiley and