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Inside Mortgage Finance

December 7, 2007

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Treasury’s Rate-Freeze Proposal Elicits Mixed Response from Stakeholders

Industry groups, consumer advocates, and Wall Street are just beginning to digest a three-point plan unveiled this week by the Bush administration to prevent more foreclosures and bring back liquidity to the mortgage market. So far, reactions have been... Read More

Mortgage Delinquency Rates Spike in 3Q07; Defaults Higher in All Categories

Mortgage delinquency rates jumped dramatically higher in the third quarter, reflecting rapid deterioration in the housing market and spreading credit problems. A record 5.32 percent of the $7.32 trillion of home mortgages tracked in the... [Includes one chart] Read More

Alternative Loans Continue to Play a Significant Role in Rapidly Changing Mortgage Market

The alternative mortgage dynamo finally began to slow down in the third quarter of 2007, but the controversial array of novelty loan products still accounted for over a quarter of new originations, according to a new analysis and ranking by... [Includes two charts] Read More

Fannie Taps Equity Markets to Shore Up Capital, Save Powder for Opportunities

Fannie Mae this week announced plans to raise about $7 billion through a new preferred stock offering and cut its dividends as the government-sponsored enterprise positioned itself for a challenging market over the next year or so. Although Fannie did not appear to... Read More

Liquidity Solutions to Present Crisis Limited, Government Urged to Employ RTC-type Bailout

Participants at a government-sponsored housing forum this week said that a multi-pronged solution involving all the key players in the subprime mortgage crisis is needed to address the lack of liquidity in the mortgage market and the worsening problems in the housing...At the Nationa Read More

Mortgage REITs Continued to Get Pounded During Tough Third Quarter Environment

he hostile environment over the past year has devastated the mortgage REIT business, knocking most of the companies that had opted for a hybrid origination and investment strategy right out of the business while lowering profits for the survivors... Read More

Bankruptcy Legislation Forthcoming in the Senate; House Hopes to Jump Start Measure Next Week

Lawmakers on Capitol Hill continue to tinker with plans to allow bankruptcy courts to cram down the secured portion of home mortgages, a proposal that sends shivers through the mortgage and securities market. Sen. Chris Dodd, D-CT, the chairman of the... Read More

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