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Western Asset Mortgage Defined Opportunity Fund Stock News

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At Close: Jun 23, 2026

Mortgage rates fall as market liquidity improves

02:14pm, Thursday, 02'nd Apr 2020
30-year fixed-rate mortgage averages 3.33% for the ending April 2, down from 3.50% in the previous week and 4.08% at this time a year ago, according to the Freddie Mac Primary Mortgage Market Survey.T
As was previously announced, on February 18, 2020, Franklin Resources, Inc. ("Franklin Resources") and Legg Mason, Inc. ("Legg Mason") announced that they have entered into a definitive agreement for
Since the 2008 financial crisis, regulators have been preventing banks from taking on extreme leverage that almost toppled the industry.But it seems there's always someone willing to take those risks

Moody's cuts outlook on U.S. corporate debt

07:31am, Tuesday, 31'st Mar 2020
Moody's Investors Service has lowered its outlook on U.S. corporate debt from stable to negative, saying that a coronavirus recession will result in rising default rates."Government support will c
Even with the forbearance to homeowners that's included in coronavirus-related legislation, the explicit Ginnie Mae wrap and GSEs' line of credit at the U.S. Treasury will protect the timely payment o
The Federal Reserve's efforts to shore up the mortgage-backed securities markets are unintentionally hurting mortgage lenders who have hedged against the drops in MBS prices.The Fed's large-scale buyi

Mortgage rates fall after Fed swoops in

02:14pm, Thursday, 26'th Mar 2020
After last week's mini-spike, mortgage rates settle after the Fed takes action to stabilize the market.30-year fixed-rate mortgage averages 3.50% for the week ending March 26, vs. 3.65% a week earlier
Keefe Bruyette & Woods analyst Bose George suggests a mortgage payment moratorium to deal with a potentially massive spike in delinquencies as workers lose jobs and fall behind on mortgage payment
The significant turmoil seen in financial markets over the past couple of weeks has led some investors to use the U.S. mortgage market as a source of liquidity,
It's challenging to contemplate buying anything right now, much less closed-end funds. But it's usually the darkest before the dawn. For income investors, close
The New York Fed will conduct an additional $15B of MBS purchase operations this afternoon across two operations for regular TBA settlement.That's in addition to the $32B of purchases it announced las

Mortgage rates jump amid refinance demand surge

02:29pm, Thursday, 19'th Mar 2020
30-year fixed-rate mortgage averages 3.65%, up 29 basis points from 3.36% from the prior week, according to the Freddie Mac Primary Mortgage Market Survey.Compares with 4.28% a year ago.“Mortgage ra
How the COVID-19 pandemic could change the 401(k) market
We look at funds and provide commentary on CEFs that have held up the best since this debacle began four weeks ago. We also screened the funds that have seen th
With mortgage rates near record lows, mortgage lenders expect strong demand for both purchase and refinance mortgages to boost profitability, with operational efficiency cited by lenders as the second
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