Industry News

Fed chief raises expectations of more rate cuts

Mortgage stocks rebound on rumor of BofA, Countrywide merger
Published on Jan 11, 2008

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by CareyBot

Federal Reserve Chairman Ben Bernanke raised expectations of further cuts in short-term interest rates in a speech delivered Thursday, capping a week in which investors temporarily lost faith in publicly traded giants of the mortgage lending industry including Countrywide Financial ...

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