Finally, we begin to see recovery (at least in the credit markets!)
I know it’s getting cooler outside (and I love it), but are you feeling the warmth coming from the financial markets? The thaw of the “Credit Freeze” has begun! Sure, the thaw is slow, but certainly the worst already occurred back on Wednesday the [...]
Filed under: Mortgage | Tagged: Credit, Financial Market, HELOC, interest rates, LIBOR, Mortgage, recession | Leave a Comment »
Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson, and Securities and Exchange Commission Chairman Christopher Cox met with congressional leaders in Washington on Thursday night to create a plan to try and calm the roiling financial markets.
Their announcement on Friday morning is changing the financial markets around the world. Here’s what they did:
SEC temporarily [...]
Filed under: Market News | Tagged: Fannie Mae, Financial Market, Freddie Mac, SEC | Leave a Comment »
