9 Articles match "August","Federal Reserve"

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• Should Fannie Mae & Freddie Mac Bail Out Private Lenders?
  
  It was just a few months ago that worries about the mortgage marketplace were dismissed by the Federal Reserve, a view which changed markedly in late Augus
  RealtyTrac Article Library - Friday, October 5, 2007
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• Should Fannie Mae & Freddie Mac Bail Out Private Lenders?
  
  It was just a few months ago that worries about the mortgage marketplace were dismissed by the Federal Reserve, a view which changed markedly in late Augus
  RealtyTrac Article Library - Friday, October 5, 2007
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• UCLA: Crash and Burn Unlikely for National Economy
  
  But in their Q3 2006 report , forecasters at UCLA’s Anderson School of Management are calling for the Federal Reserve to reduce the Federal Funds Rate to 4.5 But while the economy’s air traffic controllers are first trying to chart new flight plans, the nation’s foreclosure activity is flying high — up 53 percent on a yearly basis — according to the RealtyTrac August 2006 U.S. The nation’s economy, driven mostly by the real estate sector, has been flying at Mach 1 in clear blue skies for a number of years. Now, however, some clouds are starting to appear on the
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Back to Wait and See for the Fed
  
  The Federal Open Market Committee took the advice Wednesday of all the financial analysts and market watchers and did absolutely nothing with the short term Federal Funds Rate (FFR). After whittling away at the rate over time from a high of 5.25 percent back in August 2007 down to 2 percent last month, the Fed has decided to go back to the wait-and-see stance Chairman Ben Bernanke established when he first took over the reins of the agency back in August 2006. At that time former Fed Chairman Alan Greenspan had just finished adjusting the rate upward 17 consecutive times.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• No Place Like Home
  
  Kelly Edmiston, Senior Economist in the Community Affairs Department of the Federal Reserve Bank of Kansas City , said in a luncheon address at the conference that the state’s housing market never fully recovered from previous foreclosure surges, making it more susceptible to high foreclosure levels now. “Kansas Edmiston provided an eye-opening example of how a monthly mortgage payment on a $200,000 so-called nontraditional loan taken out in August 2004 could increase from about $600 to more than $1500 when it resets three years later. As state Rep. Tom Borroughs noted
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fed Stands Fast on Rate; Little Solace for Homeowners
  
  It wasn’t long after Ben Bernanke took over the reins of the Federal Reserve from Alan Greenspan that he put a halt to the 17 consecutive upward adjustments in the federal funds rate (FFR) — the short-term interest rate banks charge each other — back in August 2006. On Wednesday, the Federal Open Market Committee (FOMC) decided to keep its hands-off stance, leaving the FFR at 5.25 percent. Needless to say, many real estate industry analysts are hoping the Fed continues to maintain this wait-and-see attitude towards the national economy for the remainder of
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fed Remains in Hibernation on Interest Rates
  
  After 17 consecutive meetings of raising interest rates, and a switch over to new leadership under Ben Bernanke, the Federal Reserve went into hibernation last August and has remained there ever since. On Wednesday the watchdog of federal monetary policy did what many economists expected it to do and hit the snooze button yet again, deciding to keep the short term federal funds rate at its current level of 5.25 percent. The recent actions of the Federal Open Market Committee may seem unresponsive to concerns of industries, like real estate, that believe lowering
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Good Morning Mr. Bernanke!
  
  As head of the nation’s largest mortgage lender, maybe Mozilo woke the Federal Reserve Chairman at some ungodly hour this morning from his long hibernation and complained, “Wake up and do something already!!!” Well, something finally clicked because Bernanke and the members of the Federal Open Market Committee acted this morning, and started cutting rates (although not the rate most economists — and the real estate industry in particular — are waiting for them to cut). The Fed sliced 50 basis points (one-half a percentage point) off of its discount rate — the rate it charges
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The Government Goes After Loan Officers
  
  The defendants also allegedly falsified client account forms and order tickets relating to the securities sales.” In effect, the SEC is saying that its a federal crime to misrepresent mortgage terms. That said, whats plain is that the SEC has opened a new front in the mortgage responsibility debate. Interstate Commerce At first it may seem odd that mortgages are a federal matter since loans are secured by real estate and nothing is more local than dirt. The Government Goes After Loan Officers By Peter G. Miller    One of the
  www.realtytrac.com - Tuesday, February 3, 2009
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