Archive for the ‘Portfolio’ tag
Paulson Encourages Covered Bond Market to Increase Mortgage Financing
Treasury Secretary Henry Paulson said Monday that
covered bonds are an answer to financial market’s request for clarity. He
said covered bonds, a $3 trillion market used widely in Europe for
mortgage funding, can develop without legislation in the U.S., and four
of the largest U.S. banks are already prepared to set up the market.
“I believe covered bonds have the potential to increase
mortgage financing, improve underwriting standards, and
strengthen U.S. financial institutions by providing a new funding source
that will diversify their overall portfolio,” Paulson said.
Fed to Conclude Bear Stearns and JPMorgan Arrangements by June 26
On Thursday morning, the Federal Reserve Bank of New York announced
its intentions to conclude arrangements for the financing of
JPMorgan’s acquisition of Bear Stearns by June 26 and
finish valuating the investment bank’s portfolio.
“The New York Fed, in coordination with JPMorgan Chase, is working
carefully and expeditiously to…
Zillow, Always Creative, Puts a New Twist on Mortgage Lead Generation
Zillow has just inaugurated another aspect to its
real estate services portfolio.
Now Zillow has turned the lead generation industry on its
head.
Calling its service the Zillow Mortgage Marketplace,
Zillow offers borrowers the opportunity to receive multiple free quotes
without submitting sensitive financial information on the site and for
lenders to receive leads for free.
Here is how it works…