FREE MORTGAGE NEWS 4U.COM by Brenda Jarvis

December 1, 2008

Fed chief says there are other ways agency may bolster economic activity Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are “certainly feasible,” but he warned there are limits to how much such action would revive an economy likely to stay weak well into next year. The Fed’s key interest rate now stands at 1 percent, a level seen only once before in the last half-century. To help lift the country out of a recession that started in December of Read Full Article

November 1, 2008

Federal Reserve Chairman Ben Bernanke sketched out a blueprint for handling the mortgage-securitization crisis -- an issue both presidential candidates have cited as a priority. Speaking to a mortgage-finance symposium in Berkeley, Calif., by videoconference Friday, Mr. Bernanke said policy makers may need to maintain a key role in mortgage securitization regardless of the fate determined for government-sponsored entities Fannie Mae and Freddie Mac. Among the options he outlined was Read Full Article

October 29, 2008

Overnight rate slashed to 1 percent as central bank sees sharp slowdown The Federal Reserve has slashed a key interest rate by half a percentage point as it seeks to revive an economy hit by a long list of maladies stemming from the most severe financial crisis in decades. The central bank on Wednesday reduced its target for the federal funds rate, the interest banks charge on overnight loans, to 1 percent, a low last seen in 2003-2004. The funds rate has not been lower since 1958, when Read Full Article

September 24, 2008

A huge, statement-making move will inspire private equity to get on board and solve the crisis of confidence on Wall Street. Federal Reserve Chairman Ben Bernanke says the rescue of the nation's financial system is "a matter for psychology." I was a psych major and a pro trader. I can speak to this. We should talk about the crisis of confidence at work here; it too often gets lost in the noise. Ultimately, there's no "real" price for anything. Not even gold. Treasury Secretary Read Full Article