FED Posts List of Eligible Agency Debt for Purchase Tomorrow –Statement
Thursday, December 4th, 2008These bonds mature in 2009 and 2010.
The auction will occur tomorrow between 2:00 and 2:30.
Archive for the ‘FED’ Category
Earlier: FED Not Expected to Use Any Authority to Bail Automakers, Leaving It Up to Congress –WSJ
Thursday, December 4th, 2008Bernanke Wraps Up Q&A
Thursday, December 4th, 2008Bernanke: Many Servicers Overwhelmed by Sheer Capacity of Delinquent Loans
Thursday, December 4th, 2008Securitization Hampering Foreclosure Process in Some Cases, Even When Modification in Lender’s Interest, Says Bernanke
Thursday, December 4th, 2008Bernanke: More Could Be Done to Increase Participation in Hope for Homeowners Program
Thursday, December 4th, 2008Bernanke said participation in H4H has been “low” so far. He floated deferred interest rate payments, principal write-downs, reduced up-front insurance premiums, and lower rates as ways to boost the program’s attractiveness.
Bernanke: TSY Could Buy Illiquid Ginnie Mae Paper to Fund Interest Rate Reductions (Or Congress Could Subsidize Rates)
Thursday, December 4th, 2008Bernanke: Falling Home Prices, Delinquencies, Foreclosures Now Symptoms and Causes of Crisis
Thursday, December 4th, 2008He reiterates that housing was a central cause of the US’ economic mess.
Bernanke: Gov’t Could Share Servicer’s Cost by Bringing Mortgage Payments from 38% to 31% of Homeowners’ Income
Thursday, December 4th, 2008Bernanke: Gov’t Could Buy Delinquent or At-Risk Mortgages in Bulk, Refinance into Hope for Homeowners Program
Thursday, December 4th, 2008However, such a move would be a long-term option that would incur greater operational costs, he said.