Late Friday the U.S. Treasury Department announced a major expansion of its Home Affordable Modification Program. Now taxpayers will pony up the cash, as Treasury is tripling the financial incentives to lenders and opening the program up to Fannie Mae, Freddie Mac and investors in rental properties. Read More
While a lot of attention is focused on the decision by the Federal Reserve to buy longer-dated Treasurys, it’s also important to pay attention to the other new policy: using the proceeds from maturing Fannie Mae and Freddie Mac debt to buy mortgage backed securities. Read More
"Investors rarely overlook stock market bargains,” says one analyst. But with the Fed intervening in bond markets, the difference between stock and bond yields may be skewed. Read More
One of the most interesting portions of Treasury Secretary Tim Geithner's interview with CNBC's Jim Cramer was Geithner's take on European banks. Read More