Home Loans Mortgage: BofA Settles GSE Buyback Requests for Pennies on the Dollar

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Jan 3, 2011 3:16PM

BofA Settles GSE Buyback Requests for Pennies on the Dollar

The Federal Housing Finance Agency (FHFA) has approved agreements reached by Freddie Mac and Fannie Mae (the Enterprises) with Ally and Bank of America.

Jan 3, 2011 4:18PM

Private Residential Construction Spending Up Slightly in November

Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of original building. It includes construction of additional housing units in existing residential structures...

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Micro News

5:11 PM:	Econ Data Picks Up As Vacation Absences End
4:02 PM:	Loan Pricing Review: 1/3/2011
3:02 PM:	Differences In MBS Coupons Illustrate Lack Of Liquidity
2:30 PM:	4.5's Touch Low End Of Range Despite Relative Strength Elsewhere
1:57 PM:	Bond Market In 2nd "Quiet" Cycle Of The Day
1:34 PM:	GSEs Come to Agreement with BoA and Ally
1:23 PM:	S&P BULLETIN: BoA Ratings Unaffected by GSE Settlement
12:59 PM:	Trends Converging In Recent Minutes, Bonds Set To Move Away From Pivots

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Today's Comments

	"S&P BULLETIN: BoA Ratings Unaffected by GSE Settlement The agreement reduces the uncertainty regarding BofA's exposure to GSE mortgage representation..."
	"Tomorrow is seen as one of the more important days of the week, with some AM Data (Store Sales at 745am and Factory Orders at 1000am) but moreover due..."
	"Frank - exactly what uneducated "drivel" did I spout in my post? You think we're not in a sverely deep fiscal hole that we keep digging further..."

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	"Loan Scenario View All Post A Scenario Loan State: Texas Loan County: Travis Loan Type: Purchase Loan Amount: $72,000 Property Value: $80,000 LTV: 90%..."

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