NorCalSavant

In my earlier post here, I had discussed the details of President Obama’s Making Home Affordable Program.  The program has two components — Home Affordable Refinance program for solvent homeowners with a loan-to-value as high as 105%, and Home Affordable Modification program for delinquent or nearly-so homeowners unable to pay their mortgages. More on this [...]

In his address at the 2009 Credit Markets Symposium in Charlotte, North Carolina, Federal Reserve Chairman Ben Bernanke said on Friday, April 3 that the Federal Reserve has been pursuing a strategy of credit easing to address the current crisis involving a severe disruption of credit markets and declines in asset prices. He said, “As [...]