Fannie and Freddie Mac Mortage Lending Window Set Free

Federal regulators have eased the lenders’ capital surplus requirements, to inject some much-needed money into the mortgage market
Another stone fell into place in the federal government’s plan to build a path to credit market recovery. On Mar. 19, the Office of Federal Housing Enterprise Oversight, or OFHEO, said it was reducing the amount of capital [...]

Dollar Falls, Gold Rises in Europe

The U.S. dollar was down against other major currencies in European trading Friday. Gold rose.
The euro traded at $1.5612, up from $1.5587 late Thursday in New York. Earlier Friday, the euro notched a record high of $1.5651.
Later, in midday trading in New York, the euro fetched $1.5619.
Other dollar rates in Europe, compared with [...]

Payment Protection Insurance in depth information or PPI

Payment Protection Insurance (PPI) is a type of insurance that provides an income to maintain a borrower’s debt repayments in the event of an accident or sickness that prevents them from working, or unemployment.
PPI policies are obtainable to protect most forms of personal debt, including personal loans, mortgages, and credit card repayments. Insurance coverage is [...]

Hedge funds fleeing Bear’s prime broker business

Even the backing of the New York Federal Reserve and JPMorgan Chase can’t keep hedge funds from fleeing Bear Stearns’ once-vaunted brokerage division.
Some hedge funds that have regularly traded with Bear over the years say they are shifting to other prime brokers, fearing they won’t be able to get their cash [...]

What is a Fixed Rate Mortgage?

A fixed rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or “float.” Other forms of mortgage loan include interest only mortgage, graduated payment mortgage, adjustable rate mortgage, negative amortization mortgage, [...]

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