Archive for the ‘Ups’ tag
Banks, Trade Groups Say that SEC Order Does Not Go Far Enough
Less than a week after Securities and Exchange Commission Chairman
Christopher Cox invoked the Commission’s emergency powers to regulate
short selling of certain stocks including Freddie Mac
and Fannie Mae, complaints were surfacing from financial institutions.
The complaints were not because those financial institutions were on the
list of troubled banks in need of shoring up, but because they were
not.
The American Bankers Association which represents the interest of
8,500 banks said, in a letter to the SEC, that it fears that
short sellers will now concentrate their efforts on banks that
are not covered by the emergency order and asked that…
FHA Loans May Get Tougher Soon — Just Like Conforming Loans Did
There were two news pieces written on FHA home loans today. Separately, they’re interesting but uneventful. Together, they could be a harbinger of tougher times ahead for two groups: Home buyers that use FHA financing American taxpayers that fund the FHA The first FHA story was front page in the…
Read the full post at http://www.themortgagereports.com
Fed Minutes Say Next Move Could Be Higher Funds Rate
The minutes of the Federal Open Market Committee’s
(FOMC) June 24-25 meeting show that FOMC Board Members agreed upside
risks to inflation had increased and generally agreed downside risks to
growth had diminished. Most members thought the current 2.00% target rate
was appropriate but that risks to inflation may initiate a
reassessment.