Latest Government policies and the subprime mortgage crisis Stories

2011-01-05 13:44:00

CHICAGO, Jan. 5, 2011 /PRNewswire/ -- Zacks.com Analyst Blog features: Bank of America Corporation (NYSE: BAC), Freddie Mac (OTC Bulletin Board: FMCC), Federal National Mortgage Association or Fannie Mae (OTC Bulletin Board: FNMA), JPMorgan Chase & Co. (NYSE: JPM) and Fujifilm Holdings Corporation (Pink Sheets: FUJIY). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter:...

2010-01-28 06:27:00

WASHINGTON, Jan. 28 /PRNewswire-USNewswire/ -- Last night the President highlighted the need for jobs and health care reform for middle-class families, but Americans also need relief in the housing market and financial reform. First, we need stronger measures to stop preventable foreclosures. The financial crisis started in the housing market, and foreclosures continue to drag down the entire economy. Banks should be required to take reasonable steps to help families stay in their...

2009-11-19 13:00:00

WASHINGTON, Nov. 19 /PRNewswire-FirstCall/ -- Fannie Mae (NYSE: FNM) announced the company launched a Spanish version of its HomePath.com website designed to help more potential homeowners who speak Spanish purchase Fannie Mae-owned properties. The new website in Spanish mirrors the English version of HomePath.com featuring an interactive search tool of Fannie Mae-owned properties nationwide, details about HomePath® financing, a mortgage payment calculator, property...

2009-09-07 11:17:06

Tough U.S. government home lending standards in the wake of the mortgage crisis are making it harder for some qualified borrowers to get funding, analysts say. With the bailout of Fannie Mae and Freddie Mac and the reluctance of banks to issue new mortgages, nearly 90 percent of all new home loans are now either funded or guaranteed by taxpayers. And the standards embraced by the government have resulted in some prospective niche borrowers -- who would have gotten loans in past years even...

2009-08-26 17:01:20

Private equity firms seeking to buy failed banks will need to partner with existing banks to avoid tough requirements, U.S. regulators decided Wednesday. The Federal Deposit Insurance Corp. board voted 4-1 to establish stringent ground rules by which board members hope to attract more private capital to the struggling institutions while at the same time protecting taxpayers, the business news Web site Marketwatch reported. Under the new guidelines, private equity firms with no experience in...

2009-07-10 18:17:13

Obama administration officials are working on a plan to help small businesses by using funds originally intended to bail out the banking system, sources said. The plan would direct billions of dollars to millions of small businesses, using money from the $700 billion bailout plan, The Washington Post reported Friday, citing unnamed sources. The new direction would be aimed at saving jobs, the Post said. A source told the Post senior Treasury Department officials were floating the idea of...

2009-06-16 11:54:01

The Obama administration is set to tell U.S. mortgage lenders they must keep a portion of loans they sell to share in the risks, a Treasury spokesman said. The proposed change would require lenders to hold at least 5 percent of the bundled mortgage-backed securities, spokesman Andrew Williams said. As part of a larger overhaul of the regulatory system, forcing banks to keep a portion of the risk for loans in theory will provide a self-regulating loop, as banks will no longer be able to...

2009-06-16 06:56:50

Asian markets turned sharply lower Tuesday following a broad sell-off in U.S. stocks triggered, in part, by negative manufacturing data. Market movement included hotel chain Extended Stay filing for bankruptcy Monday. On Tuesday, General Motors Corp said it had agreed to sell its ailing Swedish automotive producer Saab to niche automaker Koenigsegg Automotive AB backed by a group of European investors. In Asia, the Nikkei average dropped for the second consecutive day, losing 2.86 percent,...

2009-05-14 06:18:30

U.S. Treasury Secretary Timothy Geithner has asked Congress to take on the complex world of derivatives that have backfired as risk moderators. Seeking to rein in unregulated derivatives that include options, forwards and swaps, the Obama administration has asked Congress to consider a bill to control the $680 trillion market that has both bankers and laymen frequently perplexed about how they work or what they are worth. Several lawmakers are working on bills to rein in the market. Others...

Word of the Day
  • A Roman unit of weight, 1⁄1728 of a pound.
  • A weight of four grains used in weighing gold and precious stones; a carat.
  • In anatomy, a formation suggesting a husk or pod.
  • The lowest unit in the Roman coinage, the twenty-fourth part of a solidus.
  • A coin of base silver of the Gothic and Lombard kings of Italy.
'Siliqua' comes from a Latin word meaning 'a pod.'