FRB Acts Free Up Bank Funds for Lending
Abstract:
The Federal Reserve Board stepped into the mortgage week this week to price and make a market for the collateralized debt obligations (CDO’s) that funded subprime mortgages. This could be what was needed to loosen the recent constraints on construction funding.
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The Federal Reserve Board stepped into the mortgage week this week to price and make a market for the collateralized debt obligations (CDO’s) that funded subprime mortgages. This could be what was needed to loosen the recent constraints on construction funding.