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The Fed offers to buy some dodgy mortgage loans, and markets rejoice

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In the past week markets suddenly turned leery of Fannie's and Freddie's debt, driving up mortgage rates in the process. Yves Smith --correctly, I think--describes today's Fed action as coming "as close as one can without an act of ...


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http://time-blog.com/curious_capitalist/2008/03/the_fed_offers_to_buy_some_dod.html?xid=rss-curious

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Why FHA May be the Best Option for Chicago Area Home Buyers €“ Even ... No Risk Based Pricing adjustments- Risk Based Financing is the idea that those borrowers with the best credit scores will be able to get the best mortgages rates, and those with lower credit scores will have to pay more. ...

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Rep. Frank - Mortgage Reform and Anti-Predatory Lending Act The House debates the Mortgage Reform and Anti-Predatory Lending Act of 2007. The bill is aimed at curbing predatory lending, which has been a major factor in the highest home foreclosure rate in the nation in at least 25 years. A key element of th...

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