Browsing Tag

Freddie Mac

What is Up with Fed Funds?

The federal funds rate has been creeping up in recent days.  At first, many dismissed it as a technical quirk.  In early February, the effective federal funds rate firmed to 14 bp as it did in early March.  However it did not…

Manipulating mortgages

The dust has settled a bit on the Treasury’s recent decision to give Fannie Mae and Freddie Mac a green light to nationalize our mortgage problem. Calculated Risk says the move was not necessarily done on Christmas Eve to escape notice. And…

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