More on the Margins

Terris, Harry
January 2010
American Banker;1/26/2010, Vol. 175 Issue 13, p5
Trade Publication
The article discusses the profitability to banks during 2009 of mortgage-loan originations. A U.S. Federal Reserve program to buy mortgage bonds with guarantees from Freddie Mac and Fannie Mae, coupled with mortgage rates that did not fall as much as some might have expected, resulted in profitable margins for banks. Accompanying graphs illustrate mortgage rates and origination volumes over a ten-year period.


Related Articles

  • Take It Back.  // National Mortgage News;7/8/2013, Vol. 37 Issue 26, p1 

    The article reports a 53 basis point increase in the mortgage rates in the U.S. securities market and mentions its effect on the stock markets. It states that this increase had badly affected the refinancing market and reflects that the U.S. Federal Reserve System must address this situation. It...

  • Boon to GSEs. Launder, William; Terris, Harry // American Banker;1/24/2008, Vol. 173 Issue 16, p12 

    This article discusses the impact of the U.S. Federal Reserve rate cut on government-sponsored enterprises, specifically Fannie Mae and Freddie Mac. The author offers comments from an investment analyst and suggests that the rate cut will initiate heightened interest in refinancing. The negative...

  • MBS Spreads Drop As Fed Starts Buys.  // American Banker;1/7/2009, Vol. 174 Issue 4, p12 

    This article focuses on mortgage-backed security yields in the U.S. The yields pertaining to the government including Fannie Mae, Freddie Mac, and the Government National Mortgage Association have dropped to their lowest since October 2007. The U.S. Federal Reserve System plans to purchase $500...

  • Mortgage rates dip, then 'boom'. Duggan, Daniel // Crain's Detroit Business;12/8/2008, Vol. 24 Issue 49, p1 

    The article reports that mortgage interest rates dropped almost half a percentage point and battered mortgage brokers have stepped up their marketing efforts in hopes of salvaging a rough year in the U.S. The dip was caused by the U.S. Federal Reserve Board's announcement to pledge $500 billion...

  • Help the Fed to Exit Mortgages. Buckley, Jeremiah S. // National Mortgage News;5/13/2013, Vol. 37 Issue 19, p1 

    The article discusses the prospects of the housing finance system of the U.S. It states that the U.S. Federal Reserve was forced to step in as "lender of last resort" to homeowners of the country. Information on the ability of Fed for funding home mortgages, buying mortgage backed bonds issued...

  • Fed Economists Say GSEs Don't Aid Market Much. Blackwell, Rob // American Banker;1/14/2005, Vol. 170 Issue 10, p3 

    Examines claims of a paper by Federal Reserve Board economists that Fannie Mae and Freddie Mac do not improve the mortgage market for consumers. Claim of the authors, Wayne Passmore, Andreas Lehnert, and Shane M. Sherlund, that the mortgage lenders do no have a long term impact on the market;...

  • Banks Remain Leery of Loans Backed by Fannie and Freddie. Borak, Donna // National Mortgage News;5/7/2012, Vol. 36 Issue 32, p1 

    The article reports on Federal Reserve Board 's Senior Loan Officer Opinion Survey showing that lenders are no longer willing to make a home loan backed by Fannie Mae or Freddie Mac than they were six years ago in Washington. Banks were asked to compare their willingness to originate a 30-year...

  • News Relentlessly Downbeat At Secondary Market Meet. Sichelman, Lew // American Banker;4/28/2009, Vol. 174 Issue 80, p9 

    The article discusses comments made at a conference of the Mortgage Bankers Association (MBA). Both Fannie Mae and Freddie Mac indicated they would not be reducing guarantee fees charged to banks. Former U.S. Federal Reserve Board governor Randall Kroszner indicated the Fed had no definite plans...

  • Six Months Later, Does the QM Rule Still Matter? Berry, Kate // Cujournal.com;12/21/2014, p1 

    The article focuses on the minimal effect of the qualified mortgage (QM) rule of the Consumer Financial Protection Bureau (CFPB) in the U.S. mortgage market. It states that the QM rule has set basic underwriting standards as well as provides legal protections called as a safe harbor. According...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics