Selling Gold Remains Sporadic; Some Buyers Emerge
Debt ceiling: Selling gold isn’t the answer The idea of minting a $1 trillion platinum coin as a way to avoid the U.S. debt ceiling is officially off the table. But what about selling the nation’s deep gold reserves? After all, the U.S. Treasury has 261.5 million ounces of the precious metal in Fort Knox, [...]
Recent News Regarding Maryland Home Sales
St. Charles, MD Sets Community Record Sales Of 236 Homes In 2012 St. Charles, Maryland completed 2012 with 236 new home sales for the year, a record number of annual home sales for the master planned community. Sales throughout 2012 dramatically outpaced 2011, and the fourth quarter of 2012 continued that trend with 75 contracts [...]
Early January Mortgage News and Events
New Mortgage Rules “Banks Seek a Shield in Mortgage Rules” (DealBook, Dec. 18) did not reflect what is at stake in new mortgage regulations. The safe harbor under consideration in pending rules has no relation to past obligations or failures to comply. This safe harbor is intended to be an integral part of tough new [...]
Mid December Synopsis of The Mortgage Bond Market
U.S. Fed buys $25.6 bln mortgage bonds, sells $6.8 bln Dec 13 (Reuters) – The Federal Reserve bought $25.55 billion in agency mortgage-backed securities Dec. 6-12, more than the $19.5 billion it bought in the prior week, the New York Federal Reserve Bank said on Thursday. The U.S. central bank sold $6.75 billion of mortgage [...]
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