Apr 4, 2012 2:46PM
Acting Federal Housing Finance Agency Director Edward J. DeMarco spoke to the Boston Security Analysts Society on Wednesday, in part defending his stand against principal reductions for Freddie Mac and Fannie Mae Loans. DeMarco said that the two government sponsored enterprises (GSEs) own or guarantee 60 percent of the outstanding mortgages in the country but account for only 29 percent of seriously delinquent loans. Even with this small share of the nation's delinquencies over half of the modifications...
Apr 4, 2012 4:17PM
In recent minutes, 10yr yields managed to creep just slightly below their previous floor of resistance around 2.238. At the same time, Fannie 3.5 MBS rose to challenge a ceiling marked by a band of prices from 102-16 to 102-19. They're currently in the