Fed’s Hoenig: zero-rate pledge invites speculation

Thursday, March 17th, 2011

A senior Federal Reserve official said on Tuesday that an extended period of ultra-low U.S. interest rates invites speculative behavior and is risky.

One in 25 mortgage holder in arrears

Wednesday, March 16th, 2011

ONE IN every 25 Irish residential mortgage holders is more than three months in arrears on repayments, according to figures published yesterday by the financial regulator. And almost 22,000 people are struggling with arrears of more than six months on their home loans.

Central Banks Cut Holdings of U.S. Agency Debt by 7% This Week

Sunday, March 13th, 2011

Central banks outside the U.S. are among investors that cut holdings of debt from government- related companies including Fannie Mae and their mortgage bonds by $57 billion in a week, according to Federal Reserve data.