Quotes of the Day
"It is a serious extension of putting the Federal Reserve's balance sheet in harm's way. That's got to tell you the economy is in a pretty precarious state.'' - Vincent Reinhart, former ...
More... (Mortgage News, Real Estate News)
Add a Comment 
bear stearns, housing market, subprime March 18th, 2008
The woes of Bear Stearns (BSC: 4.81, -25.19, -83.96%) sent waves through the financial markets on Monday, after news emerged that the iconic investment bank would be bought out by JP Morgan Chase (JPM: 40.30, ...
More... (Mortgage Lender & Broker News, Mortgage News)
THE US Federal Reserve in a surprise move has today lowered the discount rate it charges on direct loans to finance companies by 25 basis points to 3.25 per cent.
The Fed board unanimously approved today ...
More... (Mortgage News)
THE US Federal Reserve is expected to cut US interest rates again this week in a bid to avert what many now fear may be a severe downturn in the US economy.
Another rates cut could ...
More... (Mortgage Lender & Broker News, Mortgage News)
JPMorgan Chase and the federal government team up on a bailout of Bear Stearns, a last-ditch move to save the investment bank
Bear Stearns (BSC) is clawing to stay alive, with many on Wall Street now ...
More... (Mortgage Lender & Broker News, Mortgage News)
