MLS Real Estate & Listings Blog

The collapse of Bear Stearns this morning has pulled the 10-year Treasury yield to 3.42 percent, but lowest-fee mortgages are still stuck above 6 percent. Mortgage improvement was inhibited by fire sales elsewhere (Thornburg and Carlyle), and by Bear’s mortgage exposure, the Street’s largest. As one of the Fed’s 20 "primary dealers," Bear has received instant bailout, but its mortgage portfolio still overhangs the market.  more…

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In a new program intended to ease the credit crunch, the Federal Reserve today announced it will lend $200 billion in Treasury securities to banks and investment firms, allowing them to pledge mortgage-backed securities as collateral.  more…

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OAKLAND, Calif. — Bush administration officials visited a hotbed of foreclosure activity Thursday to make a case that one solution to the problems plaguing mortgage lending and housing markets is better education of borrowers.  more…

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