Fed to wait for labour market before tightening Nov 6, 2009
Online Edition Powered By IOL. DisplayAds('SkyLEFT',17,). (Business Report, South Africa)
Fed Signals Return to Growth Alone Doesn't Warrant Interest-Rate Increase Nov 5, 2009
Previously, the Fed said it would buy as much as $200 billion of debt issued by Fannie Mae and Freddie Mac, the government-supported mortgage-finance companies, and government- chartered Federal Home Loan Banks. The central bank said the change is consistent with the recent path of purchases and reflects the limited availability of the notes. (Bloomberg -- US)
The newest abnormal Nov 3, 2009
Yet rigorous analysis of the credit system would have illuminated the newfound role of the Wall Street firms, Fannie Mae, Freddie Mac, the Federal Home Loan Banks, the massive securitization marketplace, derivatives, and the hedge funds. Central bankers hadn't become smarter or even more sophisticated. (Asia Times Online)
Saving $4 Billion in Interest Comes With Fannie-Freddie Void in Borrowing Oct 1, 2009
Sept. 30 (Bloomberg) -- , and the Federal Home Loan Banks are paying down debt at a record pace, creating a supply void in bond markets that may have saved U.S. taxpayers $3 ... Initially owned by the Federal Home Loan Banks, it went public in 1989 ... Borrowing by Federal Home Loan Banks, the dozen regional government-chartered cooperatives owned by more than 8,000 members from New York-based JPMorgan Chase & Co. to Bank of Beaver City in Oklahoma, is down the most. (Bloomberg)
WL Ross&Co. hires Fannie, Freddie regulator Aug 20, 2009
Lockhart said he will be permitted to interact withgovernment regulators on issues that don't relate to Fannie, Freddie or the 12 Federal Home Loan Banks. . (Atlanta Journal-Constitution -- Business)
FHLBank Pittsburgh sues Lehman Brothers Aug 1, 2009
It is one of 12 federal home loan banks. ptascarella@bizjournals. (Pittsburgh Business Times, PA)
> RELATED: Home prices in mountain states down in May Jul 23, 2009
The agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. denvernews@bizjournals. (Denver Business Journal, CO)
Senior Democrats call on Treasury to be more open Jul 22, 2009
8 trillion in potential exposure to the Federal Housing Finance Agency, which oversees mortgage giants Mae, Freddie Mac and the 12 federal home loan banks. However, losses of that magnitude would require every homeowner with a Fannie or Freddie guaranteed mortgage to default and the value of the homes drop to zero. (USA Today -- Money)
TARP Chief: Bailouts Could Reach $23.7 Trillion Jul 21, 2009
8 trillion in potential exposure to the Federal Housing Finance Agency, which oversees mortgage giants Fannie Mae, Freddie Mac and the 12 federal home loan banks. However, losses of that magnitude would require every homeowner with a Fannie or Freddie guaranteed mortgage to default and the value of the homes drop to zero. (Newsmax)
Real-estate cycles still mysterious Jun 28, 2009
The Federal Housing Finance Agency, which regulates Fannie Mae, Freddie Mac and the Federal Home Loan Banks, pegs the national drop in home prices at 14. 2 percent over the past two calendar years. (AZCentral -- Business)
Cox Questioned Oversight of Fannie Mae, Freddie Mac in Last Days at SEC Jun 3, 2009
If the government chose not to back Fannie Mae and Freddie Macs debt and they defaulted, Cox said there may be significant impact on both the Treasury market as well as the agency market, including the Federal Home Loan Banks, the Farm Credit System and the Tennessee Valley Authority. . (Bloomberg)
CIBC Announces Second Quarter 2009 Results May 28, 2009
------------------------------------------------------------------------- US$ millions, as at April 30, 2009 ------------------------------------------------------------------------- Exposures(1) ------------------------------------------------------------------------- Investments Written credit derivatives and liquidity and credit facilities(2) ---------------------------------- ---------------------- Fair Carrying Fair Notional value value Notional value(4)... (Canada Newswire)
The Left Still Relies on Lies May 20, 2009
This bill expressly stated that a Federal Housing Finance Agency would have Authority over Fannie Mae, Freddie Mac, and Federal home loan banks. But Frank, as well as 73 other Democrats. (Human Events Online)
Paul Krugman: So many bailouts, and now bank pay is soaring again Apr 28, 2009
I'm not just talking about the $600 billion or so already committed under the TARP. There are also the huge credit lines extended by the Federal Reserve, large-scale lending by Federal Home Loan Banks, the taxpayer-financed payoffs of AIG contracts, the vast expansion of FDIC guarantees and, more broadly, the implicit backing provided to every financial firm considered too big, or too strategic, to fail. One can argue that it's necessary to rescue Wall Street to protect the economy as a whole... (Sacramento Bee -- Opinion)
Say Goodbye to Fannie, Freddie as Housing Collapse Wrecks Profits, Status Apr 16, 2009
One possibility that Ive looked at is letting the Federal Home Loan Banks take over some of their obligations and operations ... The Federal Home Loan Banks are 12 government-chartered cooperatives that lend money for mortgages at below-market rates to their membership of more than 8,100 thrifts, commercial banks, insurance companies and credit unions. (Bloomberg)
Phila. gets $10M in Federal Home Loan Bank funds Apr 15, 2009
Philadelphia has received nearly $10 million in affordable housing grants for the construction and rehabilitation affordable housing from the Federal Home Loan Banks of Pittsburgh and San Francisco. The two lending institutions provided the city $9. (Philadelphia Business Journal, PA)
Honest Man Emerges From Muck of Banking Crisis: Jonathan Weil Apr 2, 2009
The Office of Finance issues and services all the debt for the 12 regional Federal Home Loan Banks. Thats a lot of debt -- $1. (Bloomberg -- Columnists)
Federal Home Loan bank forgoes dividend Mar 27, 2009
The Atlanta institution is one of 12 Federal Home Loan Banks across the country that Congress created during the Great Depression. The banks don t lend to individuals, but to member banks. (Atlanta Journal-Constitution -- Business)
Lawmakers soften opposition to bonuses Mar 26, 2009
In addition to major banks and companies like AIG, the bill would apply to Fannie Mae, Freddie Mac and the Federal Home Loan Banks. Type Size. (AZCentral -- Business)
Region's home prices end skid Mar 25, 2009
The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 federal home loan banks. Reader Comments. (Denver Business Journal, CO)
Federal Home Loan Bank of Atlanta Announces 2008 Operating Highlights Mar 14, 2009
The forward-looking statements may not be realized due to a variety of factors, including, without limitation: legislative and regulatory actions, changes or approvals; future economic and market conditions; changes in demand for advances or consolidated obligations of the Bank and/or the FHLBank System; changes in interest rates; political, national and world events; and adverse developments or events affecting or involving other Federal Home Loan Banks or the FHLBank System in general.... (PR Newswire)
Source: Mark-to-Market Will Stay in Force Mar 11, 2009
Ahead of the hearing, dozens of business groups and federal home loan banks expressed their concerns to the top lawmakers on the full House Financial Services Committee ... The letter, dated March 9, was signed by some of the biggest industry groups, such as the U.S. Chamber of Commerce and the American Bankers Association as well as a number of federal home loan banks. (Newsmax)
FHLB Cincy: Profit down, capital up Feb 25, 2009
The Cincinnati institution is part of the 12-bank Federal Home Loan Banks system chartered by Congress to promote housing finance. The system counts 728 member banks in Ohio, Kentucky and Tennessee. (Columbus Business First, OH)
Bernanke Lacks Consensus on Buying Treasury Securities as Yields Increase Feb 10, 2009
9 billion of debt issued by Fannie Mae, Freddie Mac and Federal Home Loan Banks, out of a possible $100 billion. The Fed plans this month to announce a start date for the Term Asset-Backed Securities Lending Facility, or TALF, to prop up the market for student and auto loans, credit-card debt and small-business lending. (Bloomberg)
