area lenders cheer fannie, freddie bailout; mortgage rates drophilton head island area mortgage professionals are cheering the government's takeover of mortgage giants Fannie Mae and Freddie Mac, saying it will lower interest rates and possibly spur buyers to close deals.pricing mortgage-backed securities will be toughsome things are easy to price. others, not so much. and that's the $700 billion problem facing the U.S. Treasury: how to value vast amounts of mortgage-backed securities that no one wants to buy.mortgage giants' Takeover Worries D.C. Nonprofitswashington region nonprofits say they fear cutbacks in charitable giving after a federal takeover of two mortgage companies.financial stocks: bond and mortgage insurers jump on mbia dealshares of mortgage and bond insurers rally thursday on news that mbia inc. is in a deal to reinsure billions of dollars in municipal bonds, showing the embattled bond insurer is able to attract new business despite the credit crunch. |
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