Treasury Secretary Timothy Geithner said Sunday the government should retain “some type” of federal guarantee to ensure that Americans can easily finance home loans, in what could be the latest salvo between the Obama administration and Republicans over the future role of the public sector in the housing market.
The statement cuts to the heart of [...]
Posts Tagged ‘borrowing’
Geithner: U.S. Should Retain a Mortgage Backstop
July 26th, 2010 by Mortgage Writer
Tags: borrowing, fannie mae, financial crisis, Freddie Mac, home loans, homeowners, housing market, investors, mortgage, tax credit
more...U.S. dollar still rules, but debt level a risk: S&P
March 11th, 2010 by Mortgage Writer
The U.S. dollar is still the most important world currency, Standard & Poor’s said on Thursday, but added that rising levels of U.S. debt and dependence on foreigners to finance much of pose risks to the currency’s primacy.
Without a credible plan to rein in fiscal spending, the agency said external creditors could reduce dollar holdings, [...]
Tags: borrowing, debt, us debt, us dollar, US Economy, us fiscal
New York manufacturing picks up but China sells U.S. debt
February 16th, 2010 by Mortgage Writer
A regional U.S. manufacturing gauge published Monday hit its highest level since October, but also suggested a rebound in that sector might run out of momentum.
At the same time, U.S. capital flows data underscored analysts’ worry that the economic recovery could be stymied by a steep rise in bond yields, making borrowing more expensive for [...]
Tags: borrowing, business, economic recovery, homeowners, us capital flows, us debt
British banks receive billions in secret bailout
November 27th, 2009 by Mortgage Writer
The Bank of England extended secret emergency financing to Royal Bank of Scotland and to what was then HBOS during the banking panic last October, indicating the two banks were even closer to collapse than had been thought.
From the beginning of October 2008 when Ireland guaranteed the liabilities of all its banks, HBOS needed life [...]
Tags: Bank of England, borrowing, collateral, commercial loans, controversial government, emergency financing, government debt, insurance, loans, mortgages, Royal Bank, secret bailout
Economy Expands 3.5 Percent in Third Quarter, Biggest Growth in 2 Years
November 16th, 2009 by Mortgage Writer
The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes.
The Commerce Department’s report Thursday delivered the strongest signal yet that the economy entered a new, though fragile, phase of recovery.
The report, though promising, does not mark the end of [...]
Tags: barack obama, borrowing, economy grew, foreclosure, House Financial Services Committee, secure loans
Treasury Prices Surge on Strong Demand
September 10th, 2009 by Mortgage Writer
Treasury prices surged Thursday, sending their yields lower, after another successful auction of long-term government debt.
Treasurys started the day moderately higher and shot up after a $12 billion auction of 30-year bonds was met with strong demand from investors.
“Auctions so far this week have gone very well,” said Bill Bemis, portfolio manager at Aviva Investors.
In [...]
Tags: borrowing, measure of demand, treasurys
Fatal error: Cannot redeclare pagenavi_textdomain() (previously declared in /home/mortlast/public_html/wp-content/themes/front-page/wp-pagenavi.php:34) in /home/mortlast/public_html/wp-content/themes/front-page/wp-pagenavi.php on line 35