Western Asset Mortgage Defined Stock News

23 out of 23 CEF sectors positive on price and 23 out of 23 sectors positive on NAV this week. CEFs stage massive relief rally. GER/GMZ announce reverse share s

30-year fixed-rate mortgage averages 3.31% for the week ending April 16, down from 3.33% in the prior week and 4.17% at this time a year ago, according to the Freddie Mac Primary Mortgage Market Surve

Michael Kagan of ClearBridge Investments outlines quality retail, medical and packaging companies.

Today is the first day independent contractors and self-employed individuals can apply for the $349 billion Paycheck Protection Program.

I just want to reiterate to members that I am not buying (other than a few individual muni bonds and preferred stocks). And I do not necessarily advocate buying

30-year fixed-rate mortgage averaged 3.33% for the week ending April 9, unchanged from the previous week and down from 4.12% at this time a year ago, according to the Freddie Mac Primary Mortgage Mark

Western Asset Mortgage Opportunity Fund Inc. (the "Fund") (NYSE: DMO) announced today that the 2020 Annual Meeting of Stockholders (the "Meeting") of the Fund originally scheduled for Friday, April 17

As unemployment rises due to efforts to slow the spread of the coronavirus, the number of homeowners appealing to mortgage companies for more time to pay has soared in recent weeks, according to data

As many as 30% of Americans with a home mortgage, or 15M households, could stop paying if the U.S. economy stays closed through the summer or later, estimates Mark Zandi, chief economist for Moody's.S

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 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