Gfees Impact Mortgage Pricing; Fannie and Freddie Profits; Early Close for Bond Markets Due to Hurricane Sandy

Hot news from AZ Home Help:

Posted To: Pipeline Press

Although the credit markets are open until noon EST, and thus rates are moving, the Fannie Trading Desk spread the word to clients, " Due to Hurricane Sandy, the Capital Markets Sales Desk will be closed for MBS trading on Monday, October 29th . We will provide liquidity through our whole loan platforms, eCommitting and eCommitONE, until 12:00 PM EST. Fannie Mae's DC, VA, MD and PA offices will be operating with minimal staffing during the storm. We will continue to monitor conditions to determine additional recommendations for Tuesday. Market participants should be aware that SIFMA has recommended a 12:00 PM EST close for the fixed income markets. Please see the link here for SIFMA's announcement ." There is a lot going on with the agencies. (There are some Fannie & Freddie considerations...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

- For more real estate news visit our website at http://www.AzHomeHelp.com