The Bond Market Association plans to expand the number of months of forward settlement dates it publishes for to-be-announced trades of agency pass-through mortgage-backed securities.The association plans to begin publishing 12 months of forward settlement dates for these securities on Jan. 1 instead of the six months that are currently published. "Growth in the overall [MBS] market and increased activity in the options market led to the need to expand the number of months for which settlement dates are posted," the association said. The settlement dates are available on the association's website at http://www.bondmarkets.com/market/setdates.shtml.
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Experts have some tips for how to best employ strategies that can minimize the damage from changes in the market.
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Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
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Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank's website is down. The bank has given no restoration date.
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It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
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The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.
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While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
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