News

5/27/2015

Ginnie Mae Announces Change to USDA Mortgage-Backed Securities Program

Ginnie Mae has announced that starting June 1, 2015, the maximum loan amount for USDA Sec. 538 loans that will be eligible for pooling into Ginnie Mae mortgage-backed securities (MBS) will be increased from 50% of total development costs to 70% of total development costs.

3/5/2014

Interest Rate Update

2013 proved to be a volatile year for U.S. interest rates, particularly on the long-term end of the yield curve. The yield on 10-year U.S. Treasury bonds dipped as low as 1.66% in May of 2013 before rallying to end the year at 3.04%, the highest level since July 2011. Much of the increase during the year can be attributed to discussion of a decrease in the asset purchases by the Federal Open Market Committee (FOMC) that have been keeping long-term interest rates artificially low. 

2/27/2014

Interest Rate Update

2013 proved to be a volatile year for U.S. interest rates, particularly on the long-term end of the yield curve. The yield on 10-year U.S. Treasury bonds dipped as low as 1.66% in May of 2013 before rallying to end the year at 3.04%, the highest level since July 2011. Much of the increase during the year can be attributed to discussion of a decrease in the asset purchases by the Federal Open Market Committee (FOMC) that have been keeping long-term interest rates artificially low.