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« Previous Entries Next Entries »Fed’s Hoenig: zero-rate pledge invites speculation
Thursday, March 17th, 2011A senior Federal Reserve official said on Tuesday that an extended period of ultra-low U.S. interest rates invites speculative behavior and is risky.
Lone holdout gives in, Senate OKs jobless benefits
Thursday, March 17th, 2011Putting a lone senator’s cantankerous challenge behind it, the Senate is back to work on a $100 billion-plus bill reviving popular tax breaks and extending longer and more generous jobless benefits through the end of the year.
Mortgage rates fall below the 5 percent mark
Thursday, March 17th, 2011Mortgages rates have dipped below 5 percent again, four weeks before a government program that is helping keep rates low is scheduled to run out.
Banks shuttered in Fla., Ill., Md., Utah
Thursday, March 17th, 2011Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.
FDIC’s Bair says low interest rates “appropriate”
Thursday, March 17th, 2011A low interest rate policy is “clearly appropriate” due to the still struggling economy, a top U.S. bank regulator said on Monday, while also expressing frustration that banks are not doing enough to get credit flowing.
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