Day archives: February 9th, 2009

Federal Reserve releases additional terms and conditions of the Term Asset-Backed Securities Loan Facility

News release: “The Federal Reserve Board on Friday released additional terms and conditions–including loan rates and collateral haircuts–of the Term Asset-Backed Securities Loan Facility (TALF). The additions were determined after further analysis and consultation with issuers, investors, and dealers in asset-backed securities (ABS). The new terms and conditions also include a revised definition of eligible …

Subjects: E-Government, Government Documents

Federal Housing Finance Agency Releases November Foreclosure Prevention Report

News release: “James B. Lockhart, Director of the Federal Housing Finance Agency today released the November monthly Foreclosure Prevention Report, which provides comprehensive monthly data on the loss mitigation efforts of Fannie Mae and Freddie Mac as well as information on delinquencies, foreclosures initiated and foreclosures completed. “Loan modifications for October and November, which were …

Subjects: Government Documents

Federal Housing Finance Agency Director's Speech to American Securitization Forum

American Securitization Forum Speech, Las Vegas, Nevada, February 9, 2009, James B. Lockhart III, Director, Federal Housing Finance Agency “The biggest challenge we face is the stabilization of the housing market. Declining prices will demand continued concentrated action by the public sector, including the new Obama Administration and its Treasury Department, the Federal Reserve, the …

Subjects: E-Government, Government Documents

Conference Board Employment Trends Index (ETI)™ Continues to Decline Sharply

News release: “The Conference Board Employment Trends Index (ETI)™ fell further in January. The index now stands at 96.6, down 1.0 percent from the December revised figure of 97.5, and down 18.6 percent from a year ago. “The Employment Trends Index™ has recently been declining faster than at any time since the 1974 recession,” said …

Subjects: Government Documents, Knowledge Management

AARP: A New Perspective on Saving for Retirement Research Report

A New Perspective on “Saving” for Retirement, Research Report, February 2009: “The concepts of “saving” and “wealth” are examined in this AARP Public Policy Institute Insight on the Issues. Author John Gist explains how our standard measure of saving provides little insight into household retirement wealth accumulation and draws implications for understanding retirement preparation.”

Subjects: Knowledge Management

SEC Litigation: Bernard L. Madoff and Bernard L. Madoff Investment Securities LLC

News release: “The United States Securities and Exchange Commission announced that on February 9, 2009, it submitted to the Honorable Judge Louis L. Stanton, a federal judge in the Southern District of New York, the consent of Bernard L. Madoff to a proposed partial judgment imposing a permanent injunction and continuing relief previously imposed in …

Subjects: Courts, E-Government, Government Documents, Legal Research