May 3rd 2012 2:50PM
By Martin Crutsinger WASHINGTON -- Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, offering more incentive for Americans to buy or refinance homes. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan fell to 3.84 percent, the lowest since long-term... Continue Reading »
Aug 30th 2010 5:51PM
In my previous article I outlined some of the now historical flaws in the housing finance system as discussed by certain panelists at the recent Future of Housing Finance Conference in Washington, specifically the misalignment of objectives within Fannie Mae and Freddie Mac, which led to their systemic failure. Now I'd... Continue Reading »
Aug 24th 2010 4:31PM
It's not every day that a successful investor takes the national stage to suggest that he should lose billions of dollars for the greater good. But that's what Bill Gross of the bond giant PIMCO did last week at the Treasury and HUD conference on the future of the housing finance system. Gross unleashed a bold proposal... Continue Reading »
Aug 17th 2010 3:17PM
The big takeaway from today's "Future of Housing Finance" conference at the U.S. Department of Treasury was that everybody agreed to agree – more or less. It was a given that Fannie Mae and Freddie Mac will be put into retirement, eventually. As Treasury Secretary Timothy Geithner said in his introductory remarks,... Continue Reading »
