Fed’s Bernanke Urges Reform on Mortgage Securitization Process

Federal Chairman Ben Bernanke said Fannie Mae and Freddie Mac continue to remain under pressure and that the government must look at new methods to provide guarantees on mortgages.

Speaking via satellite at a conference on the mortgage breakdown at the University of California at Berkeley, Bernanke urged the government to act as a backstop for the mortgage bond market.

Bernanke also spoke about the need to reform the mortgage securitization process...

Written by Mortgage News Daily - Mortgage And Real Estate News on October 31st, 2008 with no comments.
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Zillow Survey Portrays Homeowners in Denial

Our old friend Zillow, the Seattle-based company that provides data on home values in select areas of the country, has just released results of its most recent survey of homeowner perceptions of value.

Zillow found that half of U.S. homeowners think that their homes are essentially worth the same amount today as they were one year ago.   Most housing studies would indicate that this perception is wildly out of touch with reality and...

Written by Mortgage News Daily - Mortgage And Real Estate News on October 31st, 2008 with no comments.
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