Mortgage-backed securities (MBS)
FOMC minutes reveals divergent views on timing of asset sales
Federal Reserve minutes outlines discussions over an asset sale programme at the FOMC meetings in April
Fed profits leap by 50%
Federal Reserve's profits shoot to $53.4 billion allowing record transfer of $47.4 billion to US Treasury; value of Maiden Lane vehicles climbs $5.6 billion after 2008 loss
Lacker: Fed needs to offload risky assets first
Richmond Fed President tells audience MBS sales would reduce distortions in asset prices.
Discount hike was to discourage reliance on Fed: Bernanke
Federal Reserve chairman Ben Bernanke reiterates the central bank’s stance that its recent discount rate hike was in no way a policy tightening, flags term deposit facility
Fed’s discount rate hike jolts markets
Federal Reserve firms exit strategy by lifting the rate at which it lends to banks by a quarter percentage point, markets teeter
Old mortgage model is dead: Fed’s Duke
Federal Reserve’s Elizabeth Duke warns of the ghost of homeownership yet to come
Australia benefiting from Asian strength: Battellino
Reserve Bank of Australia deputy governor Ric Battellino says strong domestic demand in Asia has driven growth, and allowed the region to forge ahead of the North Atlantic in recovery
Exit from extraordinary measures “straightforward”: NY Fed’s Sack
Brian Sack, the New York Fed's markets chief, says creating emergency facilities was harder than withdrawing them will be
Fed data points to rise in GSE holdings
Data show official sector viewing agency debt more favourably; marks about-turn from autumn 2008 sell-off
“We never had subprime issues”: Australia’s Debelle
RBA deputy governor Guy Debelle says credit will return as confidence re-emerges
Accounting overstates banks’ health: IMF paper
International Monetary Fund research finds banks not as healthy as their balance sheets suggest
Accounting standards and capital regulation for securitisation
Bank for International Settlements looks at how regulators could alter the securitisation chain and its influence on originators’ incentives
Traders’ inventories affect market liquidity
Philadelphia Federal Reserve investigates how holdings of mortgages will affect traders’ propensity to buy and sell further
Banks bend rules in crises: IMF paper
Authors show that banks used discretion in classifying mortgage debt and in accounting for related losses and assets
Fed decision depresses markets despite positive outlook
Federal Open Market Committee sees improvement in economy, but its decision to slow purchases of mortgage-related debt hits confidence and divides analysts
Fed aids Treasury in toxic-asset removal
To support the Treasury's plan to rid banks of toxic assets, the Federal Reserve on Tuesday said that it will take some mortgage-backed securities on to its books from July.
Fed still has weapons - Yellen
Janet Yellen, the president of the Federal Reserve Bank of San Francisco, says the Fed still has weapons left in its arsenal to address a "severely depressed" economy.
Fed announces January start to MBS programme
The Federal Reserve on Tuesday announced that it will start the operations of its programme to purchase mortgage-backed securities (MBS) in early January.
Fed's Kroszner on restoring confidence in MBS
Comprehensive and standardised loan-level data covering the entire pool of loans backing mortgage-backed securities (MBS) was needed so that the underlying credit quality could be analysed more easily, said Randall Kroszner, the governor of the Federal…
US stocks up on signs Congress will pass plan
US stock markets regained some ground on Tuesday on indications that lawmakers would pass the Treasury's plan to buy troubled assets later this week.
BoE brokers MBS swap to ease tensions
The Bank of England will swap mortgage-backed securities for government bonds in a move which the Bank expects to generate £50 billion ($100 billion) worth of borrowing.
Central banks announce second joint effort
The Federal Reserve will accept banks' mortgage-backed securities as part of a raft of liquidity measures announced by five of the world's most powerful monetary authorities on Tuesday 11 March.
Speech by Tony Latter, Deputy Chief Executive HKMA
SPEECH - Speech by Tony Latter, Executive Director, HKMC, Bauhinia MBS Limited, US$3,000,000,000 Mortgage-Backed Securitisation Programme, Signing Ceremony, 19 December 2001.
NY Fed extends triparty collateral for repos
The Federal Reserve on Jan. 31, 2001, extended for another year the use of agency debt and mortgage-backed securities as collateral, along with U.S. Treasuries, for repurchase agreements in daily open market operations. The Fed's policy-setting arm…