Tags: Economy + Federal Reserve + housing + Interest Rates + Markets + Mortgages + Taxes
Federal Reserve chairman Ben Bernanke once again gave a sobering speach to update us on the credit crisis. Basically he said it that delinquencies and foreclosures would continue for some time principally for three reasons: (1) there was an on-going imbalance in supply and demand for housing (2) about one and a half million Adjustable
March 5, 2008 - Economy, Politics - 0 Comments
Tags: Banks + Economy + housing + Money Market Funds + sub prime
One has to wonder why the silence on Ginnie Mae, the direct US government agency that guarantees mortgage pools for lenders with the full faith and CREDIT of the US. Indeed GNMA securities, because of their direct US Government backing have increased in value while every other mortgage
February 1, 2008 - Markets, Politics - 0 Comments
Tags: Economy + housing + investing + Stocks + Treasury
We’ve heard such a chorus of reassurance from Treasury, Commerce, the Federal Reserve, and the President that the US economy is strong and able to easily withstand the fallout expected from the sub-prime housing debacle, that one must wonder if these assurances are true or just
December 28, 2007 - Economy, Markets - 0 Comments
Tags: Banks + Commerce + housing + Treasury
The Federal Reserve has issued new rules to end bad lending practices. The proposed rules:
Improve financial disclosure to borrowers
Restrict penalties for early payoff of loans
Require lenders to escrow money for taxes & insurance
Prohibit making loans without considering a borrowers ability to pay
Conspicuously absent from this list of reforms are two measures which in SB’s mind […]
December 20, 2007 - Politics - 0 Comments
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