Tag: Federal Reserve
Treasury Bills Fall to Record Lows At Auction
Interest rates on short-term Treasury bills fell in Monday’s auction with rates on both three-month and six-month bills dropping to the lowest levels on record.
The Treasury Department auctioned $27 billion in three-month bills at a discount rate of 0.150 percent, down from 0.355 percent last week. Another $27 billion in six-month bills was auctioned at [...]
Posted: November 17th, 2008 under Federal Reserve, Money, Treasury Bills, US Economy, US Treasury.
Tags: Adjustable Rate Mortgages, Auction, Current, Face Value, Federal Reserve, Interest Rates, Investors, Market Turmoil, Time Lows, Treasury Bills, Treasury Department, Treasury Index, Treasury Securities
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Fed to Curb Shady Home-lending Practices
The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs. Fed Chairman Ben Bernanke spoke of the much-awaited rules in a broader speech Tuesday about the challenges confronting policymakers in trying to [...]
Posted: July 9th, 2008 under Federal Reserve, Foreclosures, Loans, Mortgage Lending, Personal Finance, Real Estate.
Tags: Balanced Approach, Ben Bernanke, Board Meeting, Consumer Groups, Credit Crisis, Current Mortgage, Emergency Loan Program, Fed Board, Fed Chairman, Federal Reserve, Foreclosures, Home Loan, Homebuyers, Incomes, Mortgage Bankers Association, Mortgage Lenders, Mortgage Lending, Policymakers, Record Highs, Subprime Borrowers
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Fed Approves Crackdown on Unfair Credit Cards
The Federal Reserve is taking steps to crack down on “unfair and deceptive” credit card industry practices that have added to the financial woes of millions of people trying to cope with the economic downturn. The Fed on Friday gave approval to proposed rules that would target credit card companies that arbitrarily raise interest rates [...]
Posted: May 2nd, 2008 under Credit Cards, Federal Reserve, Personal Finance.
Tags: Adequate Time, Banking Industry, Borrowers, Consumer Choice, Consumers, Crack, Crackdown, Credit Card Companies, Credit Card Industry, Credit Cards, Economic Downturn, Federal Reserve, Financial Woes, Industry Practices, Interest Rates, Lawmakers, Proposals, Taking Steps, Target
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Fed Takes New Steps to Ease Crisis
The Federal Reserve announced a series of new steps Sunday to help provide relief to a spreading credit crisis that threatens to plunge the economy into recession.
The central bank approved a cut to its lending rate to financial institutions to 3.25 percent from 3.50 percent, effective immediately, and created another lending facility for big [...]
Posted: March 16th, 2008 under Federal Reserve, US Treasury.
Tags: Bear Stearns, Bear Stearns Cos, Collapse, Credit Crisis, Federal Reserve, Financial Institutions, Henry Paulson, Investment Banks, Jpmorgan Chase, Last Friday, Liquid Assets, Market Liquidity, Market Participants, Orderliness, Orderly Market, Recent Developments, Recession, Short Term Loans, Treasury Secretary Henry Paulson, Unconventional Steps
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Existing Single-family Home Sales Drop
Sales of existing homes fell in December, closing out a horrible year for housing in which sales of single-family homes plunged by the largest amount in 25 years. The median home price dropped for the entire year, the first time that has occurred in four decades. The National Association of Realtors reported that sales of [...]
Posted: January 24th, 2008 under Federal Reserve, Real Estate, US Economy.
Tags: Association Of Realtors, Bush Administration, Business Confidence, Chief Economist, Congressional Leaders, Federal Reserve, Global Stock Markets, Great Depression, Median Home Price, Median Price, Multibillion Dollar, National Association Of Realtors, Price Decline, Quarter Point, Recession, Shock Waves, Single Family Home Sales, Slump, Stimulus Package, Subprime Mortgages
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