Google+
  • Ocwen10.05-0.10 -0.99%
  • Zillow87.32-0.83 -0.94%
  • Trulia+0 +0%
  • NationStar17.38+0.58 +3.45%
  • CoreLogic40.37+0.00 +0.00%
  • RE/MAX36.41-0.19 -0.52%
  • Fannie Mae2.30-0.01 -0.43%
  • Freddie Mac2.195-0.025 -1.126%
  • Wells Fargo56.74-0.17 -0.30%
  • CitiMortgage55.37-0.31 -0.56%
  • Bank of America17.03-0.19 -1.10%
  • Fidelity National Financial37.63+0.17 +0.45%
  • First American37.53-0.03 -0.08%
  • AUDUSD=X0.7502+0.0024 +0.3243%
  • USDJPY=X122.3045+0.3095 +0.2537%
  • WP Stock Ticker
Home | Tag Archives: Reverse Repos

Tag Archives: Reverse Repos

Bear Stearns Portfolio Puts New York Fed in Foreclosure Quandary

*+-The U.S. Federal Reserve is in the same boat as the banks now, dealing with a mortgage portfolio that's riddled with deficiencies and delinquencies. The central bank's New York branch has been saddled with a heap of souring loans from the assets it picked up to support the 2008 bailout of Bear Stearns. And now, as more and more of these loans - both residential and commercial - fall into default, the New York Fed is faced with a dilemma: to foreclose or not to foreclose.

Read More »
Scroll To Top