Reacting to the recent subprime-mortgage crisis the Federal resrve Chairman, Ben Bernanke, has said that a 30-year-old U.S. law requiring banks to serve their communities` credit needs must evolve. Speaking in a Fed Community Affairs Research...
Tag - Subprime Mortgage Crisis
Mortgage finance giant Freddie Mac has decided to buy as much as $20 billion in mortgages to help borrowers with high-priced loans stay on their survival course. Freddie Mac, the US mortgage finance provider, said that it would offer backing for up..
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