3:15 PM Here is the REAL REASON we think no tapering came. 2:53 CNBC asked Ben Bernanke in Q&A about Obama not wanting to appoint him for a third term and whether he would serve a third term if asked.
CoreLogic: Nearly 1 million houses float back into positive equity The company said 384,000 borrowers moved out of negative equity, increasing the percentage of homes with positive equity to 93.7 percent of all mortgaged properties, or nearly 48 million homes. CoreLogic said mortgaged residential properties with negative equity stood at 3.2 million, or 6.3 percent of all homes with a mortgage, a decrease of 10.
Back in December, the Federal Reserve announced its plans to begin tapering back on its $85 billion a month bond buying program. Ben S. Bernanke, economist and then-chairman of the Federal Reserve said the Fed would drop its purchases of mortgage backed securities (MBS) from $40 billion to $35 billion per month starting in January.
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The Federal Reserve. to start tapering in December. On the domestic front, payrolls numbers have disappointed. But it remains to be seen how much of this can be attributed to bad weather, and one.
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