Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories Bernanke Says Status of GSEs in "No-Man's Land". Discussing Reform, Reorganization, Reassurance Today, during the Q&A session of his annual report to Congress, Chairman of the Federal Reserve Ben Bernanke said we are in "no-man...
Federal Reserve chairman Ben Bernanke said that economic activity has downshifted further and the policy response must be vigorous. He said cutting the Fed funds target rate below 1% is "certainly feasible", but broader action could be more efficient. "At this point, the scope for using...
Treasury Secretary Henry Paulson announced Monday that he was in favor of temporarily lifting the dollar limit on loans purchased by Freddie Mac and Fannie Mae, allowing them to provide a market for so-called " jumbo mortgages ." Under current rules, the two government sponsored enterprises (GSEs) cannot...
Freddie Mac and Fannie Mae may have recently come to appreciate the old saw "be careful what you wish for." A year or so ago Federal Reserve Chairman Alan Greenspan was giving the two government sponsored enterprises ( GSEs ) a lot of grief about their loan portfolios, particularly in light of the trouble...