Posted To: Pipeline Press

The Federal Reserve does other things besides keep overnight Fed Funds at 0% for years at a stretch. It releases some interesting stats on mortgages that, if you need a filler for a presentation you're doing, might come in handy - you'll notice mortgage debt dropping . "Rob, I don't think that many in the business have an awareness of how Basel III will impact banks , and therefore mortgages and servicing, and therefore mortgage pricing for consumers ." I tend to agree, although I am trying to alert folks about the possible ramifications. Basel III is expected to be the norm for banks around the world, which brings up the question, " How do borrowers finance their homes in other countries? " There is an in-depth look at this - click on the link near the top right of this page . Yesterday Citigroup...(read more)