Claeskrantz.com

Etikett: Ekonomi. bolån

  • Staten lånar 150 miljarder till den svenska bostadsmarknaden

    Är det bara jag som undrar över varför svenska staten lånar upå och lånar vidare 150 miljarder kr för att hålla den svenska bomarknaden under armarna. Ja, jag vet att brist på krediter driver upp räntorna om jag förstås saken rätt. Men tydliogen är det de svenska skattebetalarna som ska hålla upp efterfrågan och priserna?

    VA.se » Räkna med billigare bolån

    Riksbanken och Riksgäldens beslöt i förra veckan att emittera statsskuldsväxlar till ett värde av 150 miljarder kronor. Kapitalet som Riksgälden får in kommer placeras i omvända repor i säkerställda bostadspapper, vilket meddelades i torsdags i samband med emitteringen av skuldsväxlarna.

    Mats Kinnwall, chef för makroanalys på Handelsbanken, slår fast att det medför märkbara sänkningar av bolåneräntorna.
    ”Det kommer bli en signifikant sänkning, motsvarande reporäntan kommer det bli några tiondelar lägre bolåneräntor”, säger han till VA.se.

    Senaste veckorna har bankernas riskspreadar ökat kraftigt, vilket märkts på ökade bolåneräntor. I dag har Skandiabanken, Länsföräkringar och SBAB höjt sina utlåningsräntor, med 10-23 punkter, 11-28 respektive 7-25 punkter. I förra veckan höjde Nordea och Swedbank. Sammantaget har bankernas rörliga boräntorna drivits upp till de högsta nivåerna på tolv år.

    Det är den extrema turbulensen på finansmarknaderna som pressat svenska banker och bolåneinstitut till att höja sina rörliga boräntor. Men när läget på de finansiella marknaderna stabiliseras kommer effekterna av Riksgäldens stöd till bostadsobligationer det märkas även hos de stora utgivarna av säkerställda bostadsobligationer: SEB, Handelsbanken, Swedbank, Nordea och SBAB.

    ”Om det inte kommer någon ny bomb denna vecka, och när marknaden tar in fredagens nyheter kommer kreditspreaden minska och med den även bolåneräntorna”, säger Mats Kinnwall på Handelsbanken.

  • Fortsatt tumult på den amerikanska bolånemarknaden

    Nu kommer nästa våg i den skakiga amerikanska ekonomin och den finanskris som pågår där även personer med goda inkomster börjar sacka efter i betalningarna på sina lån. Någon som tror på en snabb uppgång igen i den amerikanska ekonomin?

    Mortgage Troubles Spread

    Housing Lenders Fear Bigger Wave of Loan Defaults – NYTimes.com
    Homeowners with good credit are falling behind on their payments in growing numbers, even as the problems with mortgages made to people with weak, or subprime, credit are showing their first, tentative signs of leveling off after two years of spiraling defaults.

    The percentage of mortgages in arrears in the category of loans one rung above subprime, so-called alternative-A mortgages, quadrupled to 12 percent in April from a year earlier. Delinquencies among prime loans, which account for most of the $12 trillion market, doubled to 2.7 percent in that time.

    The mortgage troubles have been exacerbated by an economy that is still struggling. Reports last week showed another drop in home prices, slower-than-expected economic growth and a huge loss at General Motors. On Friday, the Labor Department reported that the unemployment rate in July climbed to a four-year high.

    While it is difficult to draw precise parallels among various segments of the mortgage market, the arc of the crisis in subprime loans suggests that the problems in the broader market may not peak for another year or two, analysts said.

    Defaults are likely to accelerate because many homeowners’ monthly payments are rising rapidly. The higher bills come as home prices continue to decline and banks tighten their lending standards, making it harder for people to refinance loans or sell their homes. Of particular concern are “alt-A” loans, many of which were made to people with good credit scores without proof of their income or assets.

    “Subprime was the tip of the iceberg,” said Thomas H. Atteberry, president of First Pacific Advisors, a investment firm in Los Angeles that trades mortgage securities. “Prime will be far bigger in its impact.”

  • Räckvidden för den amerikanska bolånekrisen

    Worst Fears Ease, for Now, on Mortgage Giants’ Fate - NYTimes.com If you aren’t worried about how dangerously fucked the economy and infrastructure of this country are, you’re either not paying attention or you already have a plan for offing yourself.
    Bilden säger nog det mest om betydelsen av de två bolåneinstitut som den amerikanska regeringen under Bush fick gå in och rädda. Är inte en avreglerad lånemarknad fylld med rationellt kalkylerade ekonomiska människor underbar? Hälften av 12000 miljarder blir ganska mycket.

    Worst Fears Ease, for Now, on Mortgage Giants’ Fate – NYTimes.com

    Bush administration officials had worked into the early morning
    hours on Friday drawing up contingency plans to rescue the companies, Fannie Mae and Freddie Mac,
    should their financial plight worsen. And when both companies’ stocks
    fell 50 percent initially, some investors feared the worst.

    But
    by the end of the day, the shares rebounded after both were able to
    easily continue the regular borrowing of money they need to finance
    their day-to-day operations and keep the nation’s mortgage machinery
    humming.

    If Fannie and Freddie had been cut off from borrowing
    by other financial institutions, the government might have been forced
    to step in and support them.

    Still, the modest relief on Friday
    was tempered by concerns over what might unfold in coming weeks, should
    the housing market’s woes continue and further weaken the finances of
    Fannie and Freddie.

    Uncertainty about the financial stability
    of the companies, which lie at the heart of the nation’s housing
    market, underscored their size and complexity.

    Both companies,
    which already have suffered $11 billion in losses in the last nine
    months, could report new quarterly losses in August if foreclosures
    continue.

    The financial markets continue to show signs of
    stress, underscored by the decline in the Dow Jones industrial average,
    which fell below 11,000 on Friday for the first time in two years
    before closing at 11,100.54, down 1.1 percent.

    Shares of Freddie
    Mac closed at $7.75, down more than 45 percent for the week. Fannie Mae
    settled at $10.25, a 30 percent slide for the week. And a fresh sign of
    industry problems emerged on Friday when the Federal Deposit Insurance Corporation seized IndyMac Bank, making it the largest bank to fail since the 1990s.

    The company, an offshoot of Countrywide Financial and once one of the
    nation’s largest independent mortgage lenders, was a major issuer of
    subprime loans.

    After meeting with his economic policy team on
    Friday morning, President Bush said that he had been briefed about the
    problems confronting Fannie and Freddie by the Treasury secretary, Henry M. Paulson Jr.

    “Freddie Mac and Fannie Mae are very important institutions,” the president said. “He assured me that he and Ben Bernanke will be working this issue very hard,” referring the chairman of the Federal Reserve.

    Earlier
    in the day, Mr. Paulson sought to calm investors concerned that the
    stock of Fannie and Freddie could be wiped out if the government took
    over one or both of the companies and placed them under the control of
    a conservator, as the law permits. The administration has prepared such
    a plan if the companies continue to decline, people briefed on the plan
    have said.

    “Today our primary focus is supporting Fannie Mae and
    Freddie Mac in their current form as they carry out their important
    mission,” Mr. Paulson said. Officials said Mr. Paulson wanted to convey
    the message that even under a conservatorship, the companies would not
    be nationalized. Instead, a conservator would have to prepare a plan to
    restore the company to financial health, much like a company in Chapter
    11 bankruptcy proceedings.