At least one fear was not realized amid Monday's meltdown: the concern that mortgage rates would immediately shoot higher in response to Standard & Poor's downgrade of Fannie Mae and Freddie Mac, the government-sponsored entities that are the 800-pound gorillas of the mortgage market.
Search results for downgrades
What the debt downgrades mean for your mortgage
Posted by mortgage 288 days ago (Editorial)
Agency Mortgage-Debt Spreads Widen to Most in Two Years After Downgrades
Posted by mortgage 289 days ago (Editorial)
Yields on the home-loan bonds of the biggest U.S. mortgage companies Fannie Mae and Freddie Mac jumped to the highest relative to U.S. Treasuries in more than two years, after Standard & Poor?s cut the U.S. government?s AAA rating, paving the way for a downgrade of the firms.
Credit Rating Agency that Rated Subprime MBS Investment Grade, Downgrades U.S.
Posted by mortgage 291 days ago (Editorial)
This would have been an appropriate heading for this article on S&P's decision to downgrade U.S. government debt. S&P gave investment grade rating to hundreds of billions of dollars of mortgage backed securities. They received tens of millions of dollars from the investment banks for these ratings.
S&P downgrades prime jumbo MBS (Market Watch)
Posted by mortgage 1064 days ago (Editorial)
Standard & Poor?s Ratings Services said that it downgraded several securities backed by large, higher-quality mortgages, a sign the housing crisis has spread well beyond its subprime origins.
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