Most Recent Articles from Economic Commentary (Cleveland)

• Ten myths about subprime mortgages. 

  Subprime mortgages have been getting a lot of attention in the United States since 2000, when the number of subprime loans being originated and...

  05/01/09 by Demyanyk, Yuliya · More from publication

• Foreclosure metrics. 

  Much has been written about the severity of the foreclosure crisis in Cleveland. Many observers cite weak economic conditions and above-average...

  04/01/09 by Dunne, Timothy · More from publication

• Replacing the dollar with special drawing rights--will it work this time? 

  Zhou Xiaochuan, Governor of the Bank of China, wants a new international reserve currency, one that is "disconnected from economic conditions and...

  03/01/09 by Humpage, Owen F. · More from publication

• Adjustable-rate mortgages and the Libor surprise. 

  Changes in an adjustable-rate mortgage's (ARM) interest rate result primarily from changes in the index rate on which it is based. The choice of...

  01/01/09 by Schweitzer, Mark · More from publication

• A new role for the Exchange Stabilization Fund. 

  Recently, the U.S. Treasury announced a new, temporary insurance program for U.S. money-market mutual funds. To guarantee payment of these funds'...

  08/01/08 by Humpage, Owen F. · More from publication

• Covered bonds: a new way to fund residential mortgages. 

  Like the now government-owned Fannie Mae and Freddie Mac, large investment banks helped create funds to finance new mortgages by issuing securities...

  07/01/08 by Ergungor, O. Emre · More from publication

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