Bernanke: Bear Stearns Wasn’t a Bailout

Bernanke Says Fed Acted to Prevent Collapse of Bear Stearns to Protect Financial System By Martin Crutsinger, AP Economics Writer WASHINGTON (AP) -- The Federal Reserve's unprecedented actions to prevent the collapse of Bear Stearns were taken ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , April 3rd, 2008

Banks Fail to Lower Mortgage Rates as Bernanke Cuts (Update1)

March 27 (Bloomberg) -- Marjorie Killian is eager to buy a home in San Diego and is pre-approved for a mortgage. She won't make an offer on a property until she can get a fixed ... More... (Mortgage News)
Add a Comment , March 27th, 2008

Bernanke May Run Low on `Ammunition’ for Loans, Rates (Update1)

March 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may be running out of room to pump money into the financial markets and cut interest rates to rescue the economy. The Fed has committed as ... More... (Mortgage News)
Add a Comment , , March 18th, 2008

Bernanke May Cut Benchmark Rate by Most Since Volcker (Update1)

March 18 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may be readying the deepest interest-rate cut in a generation as the central bank struggles to prevent a meltdown in financial markets and a recession. Traders ... More... (Mortgage Interest Rates, Mortgage News)
Add a Comment , , , March 18th, 2008

Federal Reserve taking rarely-used steps to steady shaky financial sector

WASHINGTON - The Federal Reserve is primed to aggressively cut a key interest rate even lower on Tuesday, racing to contain spreading financial fires that threaten a U.S. economic meltdown. U.S. President George W. Bush declared ... More... (Mortgage News)
Add a Comment , March 17th, 2008

Why Bernanke Is Ignoring You

You'd think that lower interest rates would help out struggling borrowers. Yet while the Federal Reserve has moved repeatedly to cut rates, the positive effects of those cuts aren't getting to those who need them ... More... (Mortgage News)
Add a Comment , March 17th, 2008

Bernanke outlines mortgage help plan

Fed chief says central bank 'strongly committed' to easing mortgage crisis.NEW YORK (CNNMoney.com) -- Federal Reserve chairman Ben Bernanke outlined the central bank's proposal Friday to stem the subprime meltdown.In a speech at the National ... More... (Mortgage News)
Add a Comment , March 16th, 2008

Bernanke to banks: Cut what’s owed on troubled mortgages

This is quite extraordinary. The head of the U.S. central bank is asking mortgage lenders to reduce the principal amount owed on delinquent mortgages. Implicitly, he is asking lenders to take a 20 percent to ... More... (Foreclosure News, Education, and Updates, Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , March 5th, 2008

Bush, Paulson and Bernanke object to mortgage bailout programs in Congress

WASHINGTON (Thomson Financial) - President George Bush and the two highest economic officials in the US government all objected strongly today to plans in Congress for changing bankruptcy laws to protect homeowners caught up in ... More... (Mortgage News)
Add a Comment , , , March 1st, 2008

Fed Ready to Cut Interest Rates Again

Bernanke Says Fed's Priority Is Shoring Up the Economy, Pledges to Cut Interest Rates WASHINGTON (AP) -- The Federal Reserve is ready to lower interest rates again to brace the wobbly economy even as zooming oil ... More... (Foreclosure News, Education, and Updates, Mortgage Interest Rates, Mortgage News)
Add a Comment , , February 28th, 2008