Hints and tips:
...reprivatising Fannie and Freddie but the effort ultimately failed....
...“There have been a lot of borrowers who have gotten two-handle [under 3 per cent] mortgages for a couple of months now,” Mr Schmidt said....
...Walter Schmidt, head of mortgage strategies at FTN Financial, pointed out that the FHFA’s action did not help the servicers of mortgages not backed by the agencies....
...Furthermore, when Fannie and Freddie buy loans that are in forbearance, they are taking discounts of up to 7 per cent....
...“MBS investors are reacting to two things,” said Walt Schmidt, head of mortgage strategy at FTN Financial....
...Its executive chairman Eric Schmidt has defended the company’s services as “better for users”....
...Then, last year, Mr Murdoch wrote a cryptic tweet that referred to the company’s executive chairman, saying: “Please expose Eric Schmidt!”...
...“Then in 2009 Eric Schmidt [Google’s former chief executive] put his foot down,” says head of global content Kyncl, a wiry Czech who used to be a champion skier....
...The downgrade was only part of the reason for the wider spreads, said Walt Schmidt, a mortgage strategist in Chicago at FTN Financial, in a note to clients....
...According to Alex Schmidt, a lawyer who represented the tenants against Tishman, the residents will remain protected and the new owner will have to repay more than $200m in rent overcharges....
...Next week, Eric Schmidt of Google. If you have a question for Eric Schmidt, please email it to the link below....
...” - Eric Schmidt of Google on the prospect of MicroYoo “The moment we saw the offer from Microsoft we saw it as anti-competitive…It’s easy to understand … just look at their history....
...Comment, analysis and other offerings from Monday’s FT: Comment: Mohamed El-Erian – the two questions about Fannie & Freddie Will the US government’s move to take control of Fannie Mae and Freddie Mac prove...
...Based on mortgage bonds packaged by the government agencies Freddie Mac, Ginnie Mae and Fannie Mae, half of the 30-year mortgages with 5.5 per cent coupons represents about $400bn worth of paper....
...But for some, suggested Mr Schmidt, a little excitement is no bad thing....
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