WASHINGTON — The Federal Reserve’s single largest intervention to prop up the American economy, its $1.25 trillion program to buy mortgage-backed securities, came to a long-anticipated end on Wednesday. » Read more…
Category Archives: Federal Reserve
Fed Ends Its Purchasing of Mortgage Securities
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Mortgage Risk Premiums Widen
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Quick Move After Fed’s Exit Could Draw Buyers Next Week.
Mortgage-backed securities stumbled on Thursday as the market struggled to adjust to the absence of Federal Reserve buying. » Read more…
Should I be concerned about Ottawa’s new mortgage rules?
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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By Jonathan Chevreau
As of April 19, home-buyers will have to meet tougher standards to get a mortgage. Among the new rules is a requirement that borrowers be able to afford a five-year, fixed-rate mortgage,
even if they plan to stay short and variable. » Read more…
Greenspan: Housing bubble was not created by central bank
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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WASHINGTON (MarketWatch) — The housing bubble was not created by the central bank’s monetary policy, but rather long-term mortgage rates were a key contributor, former Federal Reserve Chairman Alan Greenspan told the Financial Crisis Inquiry Commission, a government-appointed inquiry panel, in defense of his tenure on Wednesday. » Read more…
US economy not ‘out of the woods’: Bernanke
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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The US economy is far from being out of the woods despite showing signs of improvement as many Americans are still grappling with unemployment and states are struggling to maintain essential services, a top Obama Administration official has said. » Read more…