3 Articles match "Federal","January","New York"

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Don't Dump Investors
Blinder, a professor of economics and public affairs at Princeton University and a former vice chairman of the Federal Reserve, could not be more clear: He suggests that the government should develop a federal program to buy out mortgages from lenders, just as it did during the Depression — to “refinance only owner-occupied residences. See: From the New Deal, a Way Out of a Mess, The New York Times, Feb. Don’t Dump Investors By Peter G. Miller    When it comes to bailing out giant banks, huge companies and massive
www.realtytrac.com - Tuesday, February 3, 2009
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Fed, World's Banks Pull Off Global Rate Reduction
In an unprecedented move aimed at quelling the mounting tidal wave of unrest affecting the world’s economies and investors, the Federal Reserve, in partnership with other central banks around the world, pulled off a coordinated reduction of short-term interest rates Wednesday. Ben Bernanke and his team at the Federal Open Market Committee took the federal funds rate down another 50 basis points (one-half a percent) to 1.5 Citing the recent intensification of the global financial crisis even while inflationary pressures are starting to moderate somewhat, the Fed, along with the Bank of Canada, the Bank of England, the European Central Bank, Sveriges Riksbank, and the Swiss National Bank, all announced rate reductions.
www.foreclosurepulse.com - Thursday, December 18, 2008
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Subprime Market Sinking Further Into the Abyss
The latest victim of its own success is New Century Financial Inc. which just last month was boasting an increase in loan production for January 2007 over numbers reported for the same month a year earlier. based lender announced that it was the subject of a federal investigation into charges of accounting errors and stock trading, according to a Reuters report published Monday. The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The problem has gone far beyond the $1 trillion worth
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Subprime Market Sinking Further Into the Abyss
    The latest victim of its own success is New Century Financial Inc. which just last month was boasting an increase in loan production for January 2007 over numbers reported for the same month a year earlier. based lender announced that it was the subject of a federal investigation into charges of accounting errors and stock trading, according to a Reuters report published Monday. The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The problem has gone far beyond the $1 trillion worth
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Fed, World's Banks Pull Off Global Rate Reduction
    In an unprecedented move aimed at quelling the mounting tidal wave of unrest affecting the world’s economies and investors, the Federal Reserve, in partnership with other central banks around the world, pulled off a coordinated reduction of short-term interest rates Wednesday. Ben Bernanke and his team at the Federal Open Market Committee took the federal funds rate down another 50 basis points (one-half a percent) to 1.5 Citing the recent intensification of the global financial crisis even while inflationary pressures are starting to moderate somewhat, the Fed, along with the Bank of Canada, the Bank of England, the European Central Bank, Sveriges Riksbank, and the Swiss National Bank, all announced rate reductions.
    www.foreclosurepulse.com - Thursday, December 18, 2008
    READ MORE
  • Don't Dump Investors
    Blinder, a professor of economics and public affairs at Princeton University and a former vice chairman of the Federal Reserve, could not be more clear: He suggests that the government should develop a federal program to buy out mortgages from lenders, just as it did during the Depression — to “refinance only owner-occupied residences. See: From the New Deal, a Way Out of a Mess, The New York Times, Feb. Don’t Dump Investors By Peter G. Miller    When it comes to bailing out giant banks, huge companies and massive
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE