Posts Tagged “Brink”

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Telegraph.co.uk

Warning of second credit crunch as lenders warn of worsening mortgage droughtDaily MailBritain could be on the brink of another mortgage drought, the Bank of England warned yesterday. Lenders expect the number of loans to …Bank of England predicts further squeeze on mortgages Loans4BOE: Tighter Credit May Dent Mortgage Availability Wall Street JournalHomebuyers Might See Another Mortgage Squeeze Choices Telegraph.co.uk (blog)  - Stock Watch  - Finance Markets (blog)all 99 news articles »

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Globe and Mail

Former Fannie Mae chief says failure was inevitableMiamiHerald.comFannie Mae, or the Federal National Mortgage Association, and Freddie Mac, or the Federal Home Loan Mortgage Corp., don’t actually make loans. …Executive Says Competition Drove Fannie to Brink New York Times (blog)Fannie Mae Felled by Business Model, Regulators Say BusinessWeekCovering Their Fannie Investor’s Business Daily Politico  - DailyFinance  - DSNews.comall 561 news articles »

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CBS News

Executive Says Competition Drove Fannie to BrinkNew York Times (blog)To hear a former senior Fannie Mae executive tell it, the mortgage giant’s dive into questionable mortgages during the housing boom arose because the firm …Fannie Mae Felled by Business Model, Regulators Say BusinessWeekFannie Mae faced ‘horrible alternatives’ PoliticoWhy Fannie Mae Failed: Ex-CEO Blames Conflicting Mandates DailyFinance GlobeSt.com  - San Luis Obispo Tribune  - CBS Newsall 451 news articles »

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NEW YORK, Nov 19 (Reuters) - U.S. fixed mortgage rates sank to or near record lows last week, home funding company Freddie Mac said on Thursday, adding incentive for refinancing and home purchases. The average 30-year home loan rate fell 0.08 percentage point to 4.83 percent, on the brink of the all-time low dating back to 1971 of 4.78 percent set in April. Fifteen-year mortgage rates dropped by …

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Why hasn’t Washington offered any aid to help the beleaguered mortgage insurance (MI) industry? Lawmakers have thrown a bone to nearly every other sector of the housing and mortgage-related industries, but not to mortgage insurers. Especially at a time when credit requirements are so stringent and when most lenders are requiring a maximum downpayment, has not one lawmaker on Capitol Hill even considered propping up this industry that’s on the brink? Note: MI policies help make low-downpa

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