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One of the more confusing MBS topics is the concept of "dollar rolls." While it seems esoteric, secondary markets people are implicitly considering the dollar roll market every time they make the judgment to sell one month's settlement over an earlier or later month. A "roll" is a transaction where a...
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Bonds have experienced a sharp backup in rates since the beginning of October. From October 3rd through the close of 10/17, the yield on the 10-year Treasury backed up 40 basis points. The selloff was led by the long end of the curve; the 2-10 spread widened out about 40 basis points, while 5-10s has...
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The House Subcommittee on Capital Markets and Government Sponsored Enterprises took its microphones to New York City on Wednesday for a field hearing on " Facilitating Continued Investor Demand in the U.S. Mortgage Market without a Government Guarantee ." The representatives heard testimony from four...
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Seventeen banks, dozens of their subsidiaries and over one hundred bank officers were named as defendants in a lawsuit filed Friday by the Federal Housing Finance Agency (FHFA), conservator of government sponsored enterprises Freddie Mac and Fannie Mae (The GSEs.) The civil suits, filed in U.S. District...
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The Senate subcommittee on Capital Markets and Government Sponsored Enterprises will hold a hearing next Wednesday at 10 a.m. to examine ways in which the government can help create sufficient investor demand for private label residential mortgage-backed securities . The hearing will also focus on ensuring...
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Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories Fed's MBS Purchase Program: One Week To Go Before Remaining Funds Run Dry For the second to last time, the Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). Obviously everyone... -...
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Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories 10 Days Left in Fed's MBS Purchase Program. What is Potential for Extension? Don't expect an extension of the MBS program on April 1. If anything, the Fed will let the market function on its own and evaluate progress. If the... - MND...
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Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories Fed MBS Program Update: $34 Billion Left to Spend With Four Weeks to Go In the week ending March 4, 2010, the Federal Reserve purchased a net total of $10.00 billion agency MBS. This 138437 billion decline from the previous reporting...
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Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories Fed's Exit from MBS Program on Course as Planned The Federal Reserve yesterday released an outline of their plan to remove the financial marketplace from the supportive influences of accomodative monetary... - MND NewsWire GSE's Decision...
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Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories Fed MBS Program Update: 89% of Funding Used The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the holiday shortened work week between December... - MND NewsWire Mortgage Rates...
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While day trading occupied the minds of fixed income market participants yesterday, prices of mortgage backed securities managed to tick higher, despite considerable gains in stocks. Rates moved higher in the opening hours of the session, however as losses were recovered later in the day, several lenders...
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Last week ended basically where it began with prices of mortgage backed securities moving sideways near record highs and mortgage rates holding steady near six month lows. MBS traded in a very narrowing range as the week progressed which allowed lenders to publish base 30 year conventional mortgage rates...
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Following a somewhat disappointing 30 year bond auction yesterday, prices of mortgage backed securities plummeted and mortgage rates moved higher as lenders repriced for the worse. The economic calendar, like the previous four days of the week, is light today with only one report being released, International...
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The other day my boss commented that, "If every employee contributed half of their life savings to our firm, we'd be on the road to profitability!" I knew things were getting tough when they replaced "Bring Your Child to Work Day" with "Bring Your Child to do Work Day"...
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The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between August 13 and August 19, the Federal Reserve purchased a gross total of $26.640 billion agency MBS. After subtracting sales (providing liquidity/the roll) the Fed's...