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 [...]

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, [...]

Fed chief says mortgage crisis set to continue

Bernanke warns foreclosures, late payments to rise ‘for a while longer’
WASHINGTON - Federal Reserve Chairman Ben Bernanke called Tuesday for additional action to prevent more distressed homeowners from falling into foreclosure.
“This situation calls for a vigorous response,” Bernanke said in a speech to a banking group meeting in Orlando, Fla.
Even with [...]

Bernanke signals Fed to stay on easing course

Inflation risk remains a secondary concern behind stimulating growth

 
 
 
 
WASHINGTON (MarketWatch) — The Federal Reserve will remain on course toward implementing additional interest-rate cuts, at least in the near term, although the journey has become more treacherous as prices are rising, the U.S. central bank’s chairman said Wednesday.
Downside risks to economic growth remain the key [...]

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