Google+
  • Ocwen10.26+1.77 +20.85%
  • Zillow97.73+0.09 +0.09%
  • Trulia+0 +0%
  • NationStar25.71+0.61 +2.43%
  • CoreLogic39.03-0.08 -0.20%
  • RE/MAX34.33+0.54 +1.60%
  • Fannie Mae2.82+0.11 +4.06%
  • Freddie Mac2.73+0.11 +4.20%
  • Wells Fargo55.19+0.09 +0.16%
  • CitiMortgage53.76+0.44 +0.83%
  • Bank of America16.11+0.18 +1.13%
  • Fidelity National Financial35.91-0.08 -0.22%
  • First American34.95+0.16 +0.46%
  • AUDUSD=X0.7851+0.0000 +0.0000%
  • USDJPY=X120.2050+0.0000 +0.0000%
  • 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