federal reserve

Fed Lays Groundwork for Higher Rates with Unexpected Hike

by Ryan Hinricher | February 22, 2010

Maybe it was only symbolic move. On Thursday, the Federal Reserve hiked its lending rate for emergency bank loans known as the “Fed Discount Rate” from .5% to .75% in an off-cycle meeting. While this rate affects little in the day-to-day bank-to-consumer lending, the Fed could be prepping us all for changes in its easy [...]

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Mortgages & Lending

Fed Leaving Door Open to Extend Mortgage Backed Security Purchases

by Ryan Hinricher | February 8, 2010

I’ve been curious lately about the end of the Mortgage Backed Security (MBS) purchases by the Federal Reserve in March. The Fed is planning to end the program in less than 60 days on March 31st. Currently they stand at about 94% having purchased 1.17 trillion of the 1.25 trillion allocated to purchase these securities. [...]

Mortgages & Lending

Come New Year, The Ball May Drop, But Mortgage Rates May Rise

by Charles Feldman | December 17, 2009

10, 9, 8, 7, 6, 5, 4, 3, 2, 1 HAPPY NEW YEAR!!!! But while many of you will have your eyes glued to your flat screens watching a 1080p image of a large, light encrusted ball drop at Times Square, others will be paying closer attention to mortgage rates which many think will go [...]

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Will The Feds Nationalize Bank of America?

by Rob K. Blake | February 7, 2009

There is a plethora of speculations buzzing around Wall Street with the central theme being Bank of America (NYSE: BAC) our nation’s largest bank…and biggest “cleaner upper” of the financial crises buying both Merrill Lynch and Countrywide Home Loans before they collapse…is going to get “taken over” by the government. Oh my God! The sky [...]

The Greatest Ponzi Scheme of All

by Richard Warren | December 22, 2008

Bernard Madoff swindled clients to the tune of $50 Billion in the recently revealed “ponzi” scheme. How could this have happened? How could supposedly sophisticated investors have been duped on such a grand scale? It seemed that either no one was watching or the warning signs went unheeded. But you couldn’t blame them, nothing like [...]

Paulson Seeks Congressional Authority To Spend $700B

by Rob K. Blake | September 21, 2008

Hank Paulson is not done asking for more authority to “rescue” us from the mortgage crisis. In his first round of legislative begging, he got Congress to pass The Housing Economic Recovery Act of 2008 which gave him the right to take over Fannie and Freddie putting taxpayers on the hook for their greed and [...]

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Taking Back the People’s Money with PMS – “People’s Money System”

by Tom Koziol | August 30, 2008

Today I roll out my PMS – People’s Money System. Forget the drum rolls and forget the fanfare because once PMS infects your soul, you will be a different person. Before I get into the specifics, I think you should visit this page because the author not only lays out what is already in the [...]

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Greenspan Gives Guidance on Housing Market

by Rob K. Blake | August 16, 2008

Alan Greenspan, the controversial former Fed Chairman, in an interview by the Wall Street Journal’s David Wessel gave us a few pearls of wisdom to ponder about the state of the housing market. He starts out with a prediction calling for a stabilized market by summer of 2009. Greenspan admits depending on the size of [...]

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An Analysis of the Fed’s Plan to "Curb Shady Mortgage Practices"

by Tom Koziol | July 18, 2008

In a July 14, 2008 AP article titled: Fed adopts plan to curb shady mortgage practices , Fed chairman Ben Bernanke is quoted as saying: “Although the high rate of delinquency has a number of causes, it seems clear that unfair or deceptive acts and practices by lenders resulted in the extension of many loans, [...]

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Where is the Fat Lady? She needs to start singing!

by Rob Powell | July 16, 2008

Recently somebody said, “Hey, you lost weight,” and I said, “Yeah, thirty-five pounds and three and a half billion dollars.” So I’m quite a bit lighter and more flexible than I was.” – John Malone Greetings from the metropolis of Cedar Crest, NM. Friday evening, I was watching CNBC when the news broke out about [...]

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FEDS BAIL OUT FANNIE AND FREDDIE; EMERGENCY MEASURES TAKEN

by Charles Feldman | July 13, 2008

In a clear sign the federal government is far more concerned about the financial health of mortgage finance giants Fannie Mae and Freddie Mac than its public comments indicated as late as Friday, the U.S. government Sunday night announced what some are calling a “massive aid” package to the two shareholder owned and run companies [...]