Archive for the ‘Led’ tag
Mortgage Rates Fall in Response to Speculation about Overnight Bank Rates
Rates for both short- and long-term mortgages tumbled last week
according to Freddie Mac’s Primary Mortgage Market Survey.
The Mortgage Bankers Association (MBA) released the results of its
Weekly Mortgage Applications Survey for the week ended
July 18 on Wednesday. Mortgage activity as measured by the volume of loan
applications…
Banks, Trade Groups Say that SEC Order Does Not Go Far Enough
Less than a week after Securities and Exchange Commission Chairman
Christopher Cox invoked the Commission’s emergency powers to regulate
short selling of certain stocks including Freddie Mac
and Fannie Mae, complaints were surfacing from financial institutions.
The complaints were not because those financial institutions were on the
list of troubled banks in need of shoring up, but because they were
not.
The American Bankers Association which represents the interest of
8,500 banks said, in a letter to the SEC, that it fears that
short sellers will now concentrate their efforts on banks that
are not covered by the emergency order and asked that…
The Mortgage Reports : Featured TypePad Blog
Each morning, I’m here with new blog content for my loyal readers, but it’s TypePad’s blogging platform that is here for me. I rely on TypePad for its simplicity and reliability. I know but one other blogging company that does as much for its members. And that’s why I’m honored (and humbled) that…
Read the full post at http://www.themortgagereports.com
