Mortgage Loan Originations Expected To Increase
Bank of America Securities mortgage-bond strategists estimate that mortgage loan originations could double to $3.1 trillion this year.
Read the rest of this entry »
Bank of America Securities mortgage-bond strategists estimate that mortgage loan originations could double to $3.1 trillion this year.
Read the rest of this entry »
The U.S. Treasury Department and the Federal Reserve Board today announced a restructuring of the government’s assistance to AIG in order to stabilize this systemically important company in a manner that best protects the U.S. taxpayer.
Read the rest of this entry »
Governor Elizabeth A. Duke, a member of the Board of Governors for the Federal Reserve, gave a speech today in New York on the steps needed to stabilize the housing market.
Read the rest of this entry »
The Federal Reserve will issue a statement around 2:15 P.M. EST on Wednesday that will coincide with the end of their two-day meeting to discuss the deepening year-long recession.
Read the rest of this entry »
This week the Federal Reserve purchased more Mortgage Backed Securities from Freddie Mac, Fannie Mae & Ginnie Mae. This additional $19.01 billion purchased brings the total that the Federal Reserve has spent on Mortgage Backed Securities to $52.6 billion.
Read the rest of this entry »
According to the Mortgage Bankers Association’s index, mortgage applications dropped 9.8% to 1,195.3 for the week ending with January 16th. This comes after reaching the higest level in more than 5 years in the previous week.
Read the rest of this entry »
The Federal Reserve announced today at 2:18 PM that they would cut the key funds rate by .75% to 2.25% which was less than expected.
Read the rest of this entry »
Vice Chairman Donald L Kohn spoke today at the University of North Carolina at Wilmington about the US economy and Monetary Policy.
Read the rest of this entry »
Randall Kroszner spoke today at the Global Association of Risk Management Professional’s annual risk convention in New York.
Govenor Frederic Mishkin spoke today at the East Carolina University about inflation and our economy.
Read the rest of this entry »