Federal mortgage giants Fannie Mae and Freddie Mac remain in conservatorship with their regulator FHFA since September 6, 2008. Come September, this will represent ten years in conservatorship. With the excellent assistance from George Mason University finance majors Hakeem Azoor and Belle Matthews using Python, we have created the three stages of Fannie Mae and Freddie … Continue reading The Three Stages of Fannie Mae and Freddie Mac (Credit Scores) →
The 30-year – 10-year yield curve slope is flattening faster than other Treasury curves. In fact, the 30Y-10Y slope is at 18.65 BPS and is rapidly approaching inversion as it has prior to previous recessions.
Yes, it is time for t…
Only two months ago, the prospect of 10-year Treasury yields reaching 3 percent was an almost certainty after a relentless climb from 2.4 percent at the start of the year.
On April 12, 2018, Forbes ran a story entitled “Only 974 Fans Show Up For A Baseball Game In Chicago. It Was Just As Bad Elsewhere.
With The Fed intent on raising the short end of the yield curve and not quite committed to raising the 10 year T-note yield (through a glacial unwind spreed), we have a yield curve slope that is going down.
U.S. new-home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first-quarter economic growth, government figures showed Tuesday.
A story by Phil Hall at National Mortgage Professional revealed that the FHA insured $1.9 billion in loan in 2016 to borrowers barred by Federal requirements.
Keep on Flattening. The Treasury yield curve, that is. The 10Y-2Y slope is now down to 46 basis points … and flattening.
Bloomberg has an interesting story entitled “BofA’s Once Giant Mortgage Business Is Now Listed Under ‘Other Income’.”
I love the memory failure of American investors where they always seem to forget about prior bubble bursts and bad behaviors by government.