Mortgage News

The Federal Reserve Bank of New York purchased $360 million in inflation-indexed Treasury debt on Monday, part of officials pledge to reinvest cash from maturing mortgage-backed securities and housing agency debt back into the bond market to support the economic recovery.

Mortgage rates are about as low as they can go. What this market needs is jobs.

NEW YORK----Fitch Ratings affirms, revises Rating Outlooks and assigns Loss Severity ratings to the following Wachovia Bank Commercial Mortgage Trust, series 2003-C3 commercial mortgage pass-through certificates as indicated:

NEW YORK----Fitch Ratings affirms, removes from Rating Watch Negative and assigns Rating Outlooks on the following Banc of America Commercial Mortgage, series 2005-1 commercial mortgage pass-through certificates:

I don t envy the folks over at Treasury and HUD who, month after month, are forced to report lackluster statistics on the Administration s mortgage bailout and find something positive to say about them.

I don t envy the folks over at Treasury and HUD who, month after month, are forced to report lackluster statistics on the Administration s mortgage bailout and find something positive to say about them.

The U.S. Federal Reserve s balance sheet shrank in the latest week, partly due to a decline in its holdings of mortgage-related securities, Fed data released on Thursday showed.

Financial stocks notch slims gains as a jump in applications for mortgage refinancing pulls banks higher.

U.S. stocks trimmed losses on Tuesday after the Federal Reserve said it would begin channeling proceeds from its maturing mortgage bonds into longer-term government debt in an effort to support a flagging economic recovery.

Mortgage rates dropped to the lowest level in decades for the sixth time in seven weeks, offering the most attractive opportunity for those who qualify to refinance or purchase a home.

Calls for the central bank to cut its mortgage bond portfolio ignore what a draconian tightening of monetary policy that would be.

The Federal Reserve Bank of New York said Wednesday that it bought $180 million in tri-party reverse repurchase agreements, the first purchase of mortgage-backed securities to test one of the central bank s potential tools to unwind its massive liquidity operation when policy makers want to.

The New York Federal Reserve said on Wednesday it accepted $180 million in agency mortgage-backed securities as collateral for reverse repurchase agreements.

PMI Group Inc. on Thursday reported a nearly $151 million loss, narrower than a year ago but far wider than Wall Street expected. Shares of the mortgage insurer tumbled nearly 15 percent.

* Treasury to deliver GSE reforms to Congress by January * Public s views on change to be heard at Treasury Aug. 17 * Geithner still mulling some guarantee for mortgages

It can be hard to figure out what made a homeowner punt on their mortgage.

FDIC to Sell $409 Million in Mortgage Bonds The Federal Deposit Insurance Corp. is tapping the securitization market to rid itself of assets from failed times, selling $409 million of mortgage bonds originated or acquired by 17 failed financial institutions.

NEW YORK----Fitch Ratings has affirmed Bear Stearns Commercial Mortgage Securities, Inc. commercial mortgage pass-through certificates, series 2004-BBA3. Fitch does not expect losses to the remaining loan in the base case, and there are no expected future fees due to the special servicer.

The lowest mortgage rates in decades are just too good for some people to pass up. Brokers are reporting rising interest in home refinancings as rates on a 30-year fixed loans have hit record lows in four of the past five weeks.

Private mortgage insurer MGIC Investment Corp. said Thursday that economist Mark Zandi joined its board. Zandi is chief economist of Moody's Analytics, where he directs economic research and consulting.