Comments on: Mortgage Market Update http://lenderama.com/2009/05/25/mortgage-market-update-78/ The Original Mortgage Blog. Providing the Mortgage Industry with News and Information Since 2005. Wed, 17 Mar 2010 10:00:03 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Pling http://lenderama.com/2009/05/25/mortgage-market-update-78/comment-page-1/#comment-4311 Pling Mon, 25 May 2009 15:31:44 +0000 http://lenderama.com/?p=2642#comment-4311 And they made it worse by threatening to yank the UK's rating. Market's all jittery, and peopel are girding up for another slide. These rating agencies were more than happy to charge fees for handing out AAA ratings to anyone who wanted them before the crisis, and that added to the problem. And now, when we're getting back on track, they pull the rug out from under the recovery. And they made it worse by threatening to yank the UK's rating. Market's all jittery, and peopel are girding up for another slide. These rating agencies were more than happy to charge fees for handing out AAA ratings to anyone who wanted them before the crisis, and that added to the problem. And now, when we're getting back on track, they pull the rug out from under the recovery.

]]> By: Robert D. Ashby http://lenderama.com/2009/05/25/mortgage-market-update-78/comment-page-1/#comment-4312 Robert D. Ashby Mon, 25 May 2009 13:58:28 +0000 http://lenderama.com/?p=2642#comment-4312 I was just reading over what I posted and realized I failed to mention another reason MBS pricing has gotten worse. That reason is that Standard & Poors, the debt rating agency, has essentially threatened to take away the US's AAA rating. As you may already know, when debt is downgraded, investors demand higher yields to compensate for the added risk (remember when the mortgage market tanked back in 2007?) <br><br>Anyhow, back to my vacation... I was just reading over what I posted and realized I failed to mention another reason MBS pricing has gotten worse. That reason is that Standard & Poors, the debt rating agency, has essentially threatened to take away the US's AAA rating. As you may already know, when debt is downgraded, investors demand higher yields to compensate for the added risk (remember when the mortgage market tanked back in 2007?)

Anyhow, back to my vacation…

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