Borrowers with post May 31st, 2009 FHA mortgages are excluded from the deeply discounted streamline financing premiums, and are subject to the new higher reserve-fund-subsidizing-payroll-tax-cut-paying premiums.
FORBES: How The Payroll Tax Cut Is Costing Low Income Borrowers
Dodd-Frank requires that the DIF fund-reserve ratio reach 1.35% of insured deposits by September 30, 2020.
Maintaining a 2% reserve in the MMI Fund is a prudent, make-sense business practice and although previous fund management practices may not have been able to deliver this reserve in the past, it is a welcome post-mortgage meltdown priority.
FORBES: How The Payroll Tax Cut Is Costing Low Income Borrowers
Graham's amendment establishes a deficit-neutral reserve fund to broaden the effects of the spending cuts.
Sotirios Keros, a 39-year-old pediatric neurologist in New York, says he plans to shift his emergency reserve to a long-term municipal bond fund when his CDs mature this summer.
Brazil reduced reserve requirements and gave banks and its deposit-insurance fund incentives to buy up the loan portfolios of smaller banks.
The exchange's decision to increase the amount of assets brokers have to keep in reserve against the revolving loans they routinely use to fund trading - known as "badla" - triggered a sharp fall in the market.
So for a relatively short period of 18-24 months, the government will substitute revenue fall-out from weak oil prices with their reserve fund cash.
Hedge fund zillionaire Paul Singer is super-mad at the Federal Reserve and Fed Chairman Ben Bernanke over inflation they have not yet quite unleashed.
When will Washington policymakers come to grips with the deadly one-two punch the Federal Reserve Board and the International Monetary Fund are inflicting on the rest of the world?
In September, the Federal Reserve co-ordinated a rescue of Long-Term Capital Management, a big hedge fund facing collapse.
Reserve Primary, launched in 1970, was the country's first money-market fund.
Fund managers are rethinking their portfolios in the belief that "QE3" -- the Federal Reserve's third round of quantitative easing -- will weaken the dollar and trigger sharp gains in emerging market currencies.
The hot new idea in the U.S. and Europe, sure to come up at the June global G-20 meeting, is to impose a tax on large banks, the proceeds to be used to build a reserve fund to rescue the financial system in the next financial crisis, rather than the history of having to use tax-payer money each time.
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