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Fed’s Upcoming Mortgage Agency Purchases; Fed Funds are At 0.1562%

by R. MAK. on December 11, 2009

in Mortgage

On Friday the Federal Reserve has made plans for buying agency mortgage debt maturing between December 2010 and November 2011.

FED

When will the Purchases Begin?

The purchases would start to begin from 10:30 a.m. EST. It has been pointed out by Wrightson ICAP analysts that the central bank has reached its self-imposed 50% limit of total holdings of the Fannie Mae (FNM) 1.75% notes due Mar. 23, 2011.

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Feds Close 3 More Georgia Banks

by R. MAK.December 5, 2009 Banks

Yesterday three Georgia Banks have been shut down by Federal regulators. This year most of the banks that has been closed by the FDIC were located in…

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Banks Putting Squeeze On Credit Cardholders

by noorNovember 12, 2009 Credit Cards

Banks are under pressure and trying very hard to increase profit in the credit card dealings. Interest rates are increasing, credit lines are being cut and additional fees are being made compulsory on even the best cardholders.

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Tougher Terms Ahead For Credit Card Users

by noorNovember 10, 2009 Banks

Federal Reserve has stated that banks are planning to intensify terms on credit cards in response to a recent law that is specifically designed to protect consumers from unexpected increase in rates.

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Fed – Loan Demand Fell, Lending Standards Tight

by noorNovember 9, 2009 Banks

According to the Federal Reserve, the overall demand for most types of U.S. bank loans has fell greatly during the past three months, whereas the percentage of banks that were tightening their lending regulations and standards has declined from the peaks that were reached last year.

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Federal Reserve Not Likely To Increase Interest Rates Soon

by R. MAK.November 4, 2009 Interest Rates

According to a recent news story in Associated Press, It is highly unlikely that Federal Reserve Bank will change the key interest rates any time soon. Since the interest rates are currently at historic low for some time now and practically this is as low as Fed can keep them to kick start the jammed US economy. Despite the faint signs of improvement in economic activity, Fed is not likely to touch the rates at least not for next two quarters.

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FED may avoid losses on Programs; says Kohn

by uzairOctober 23, 2009 News

A proper plan is made by the US federal reserve. which is expected to work strongly. financial problems will be avoided in future.

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Fed decided to Institute Curbs On Issuers of Credit Cards

by R. MAK.September 30, 2009 Credit Cards

On Tuesday rules have been proposed by the Federal Reserve to end banks’ ability to apply credit card payments to balances having lowest interest rates first, implementing legislation Congress passed in…

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Crisis Loans Net $14 Billion to Fed

by noorSeptember 1, 2009 Banks

It might be unbelievable for many, but the Federal Reserve Bank has actually succeeded in making profit from the financial crisis.

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Fed Likely To Leave Rates At Lows To Aid Recovery

by noorAugust 12, 2009 Banks

There are eminent signs that the economic recovery may finally be taking shape, but with dangers still hanging about, Federal Reserve policymakers are making sure to leave a key interest rate at a record low rate to make sure any emerging turnaround gains traction.

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US Mortgage Rates Drop to 5.32%, Freddie Mac Says

by R. MAK.July 2, 2009 Interest Rates

This week in the U.S. mortgage rates fell.It was said by mortgage buyer Freddie Mac of McLean, Virginia, in a statement that the average 30-year rate dropped to 5.32% which was 5.42%.

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