Speaking at a conference of the National Investment Center for Seniors Housing and Care in Chicago, Bernanke said that the market is so tight right now that he was unable to refinance his own home loan recently.
Also, newly released FOMC minutes from the 2008 reveal how the regulators misjudged the depth of the crisis at the beginning and stopped short of using the word "recession." Plus, did the FDIC close any banks in February?
Former Federal Reserve Chairman Ben Bernanke did not step away from the office for long. Just days after finishing his last Federal Open Market Committee meeting, he announced he will be affiliated with the Brookings Institution’s Hutchins Center on Fiscal and Monetary Policy.
Federal Reserve Chairman Ben Bernanke will preside over his last Fed policy meeting Tuesday and Wednesday. During his tenure as chairman, he managed to surprise industry experts by helping stabilize the market and restoring investor confidence. Here's a look back at his heavily criticized days leading the Fed.
One hopes that what he pretended was a joke will follow Fed Chairman Ben Bernanke for the remainder of his days, and will be the one line accompanying his picture in some future textbook on what not to do.
This will be the first full week of trading and everyone’s eyes will be on the upcoming release of December job data and the unemployment rate, and whether the numbers support the Fed’s decision to start tapering monthly bond purchases. The monthly BLS jobs data is among the top metrics watched by the Fed when it considers how to steer monetary policy.
"If you look at what we do, fundamentally, MERS is the mortgagee on behalf of the investor and its assigns, it’s not a whole lot more complicated than that. And that role as an agent is well rooted in the laws of this country. So when you get down to it, and when we get challenged, we typically prevail. We simply take away all the clutter and present what we do, and what the laws actually say, and we get there," MERS CEO Beckmann said in an exclusive profile only in HousingWire magazine..
The CFPB is currently paying close attention to the individuals/small players, as well as the larger institutional mortgage companies. With respect to the small players, the CFPB is looking at the loan officer, real estate agent and developer. A common violation that these smaller firms or individuals commit, in addition to possible violations resulting from social media posts, stems from agreements among themselves. Read More
Ladies and gentlemen, it’s been some time since the mortgage bond world felt shaken to the core. But shaken, right now, it feels, according to several recent conversations I’ve had on the subject. Read More