US SWAPS-Spreads swell on solid data, mortgage hedging Reuters – The recent safe-haven rally in Treasuries made home loans less valuable because lower yields, benchmarks for most U.S. mortgage rates, lead to faster mortgage prepayments. As a result, mortgage companies would not have collected all the interest … Offer: Lousy credit? Buy somebody else’s Los [...]
Latest News in Home, Mortgages, and Loans – Nov 23, 2007
November 23, 2007 By Leave a Comment
Yen Rises This Week as Investors Flee Higher Yield Assets Bloomberg – … in U.S. financial companies and real estate prompted investors to retreat from higher-yielding assets funded by loans in … The Organization for Economic Cooperation and Development yesterday estimated losses from U.S. subprime mortgage foreclosures … Prem Watsa: He has never been more [...]
