Finance Institutional Investment
CalHFA Commits $2.4M for Affordable, Seniors MF
May 5, 2008
The California Housing Finance Agency (CalHFA) is once again teaming up with Habitat for Humanity to provide $2.43 million for first mortgages to stimulate new homeownership opportunities for more Californians. The team works through the Habitat for Humanity Loan Purchase Program. This program enables local habitat affiliates to better leverage existing resources and generate additional funds, making it possible for them to build additional affordable homes that are urgently needed for low income families and sneiors throughout the state.
Recent Institutional Investment Headlines
Financial Market Update: After the Bell -Friday, Oct. 10
Oct. 10, 2008
Investors usually pay lip service to long-term investing, but in times of crisis the reality is sell - everything - now! Panic was the order of the day on Wall Street, which saw the Dow Jones Industrial Average free fall 679 points, or about 7 percent, to the lowest level in five years. The Standard & Poor's 500 also lost about 7 percent. Painfully, especially to those who invested in the market a year ago, October 9 was the first anniversary of the all-time DJIA peak of 14,198.
Financial Market Update-Thurs., Oct. 9
Oct. 09, 2008
Rather than merely haul away toxic bank assets at unreasonably high prices, thereby rewarding bankers for their bad judgment, word is (via various major news outlets) that Sec. Henry Paulson and his minions at Treasury are actually considering buying ownership stakes in the banks that the department helps with its $700 billion line of credit from the American people.
Central Banks Try Different Strategies to Stabilize Financial Crisis
Oct. 09, 2008
Just don’t call it “nationalization.” The Bush administration is reported to be considering taking equity stakes in some high-profile U.S. banks as its next measure to contain the global credit crisis. The decision, which is still up in the air, would not require new legislation, but would instead derive from powers already granted by the Emergency Economic Stabilization Act of 2008.
Financial Market Update-Wed., Oct. 8
Oct. 08, 2008
The I.M.F.--that's the International Monetary Fund, not the Impossible Missions Force--warned today that the governments of the developed world need to act together to stem the financial crisis, or it could become "increasingly disorderly and costly for the real economy."
Central Banks Cut Rates in Defense Against Financial Crisis
Oct. 08, 2008
In a coordinated counterattack on a looming global financial meltdown, central banks in the U.S. and across the world cut their key lending rates today. The Federal Reserve slashed its rate from 2 percent to 1.5 percent, and the Bank of England similarly cut its rate by 50 basis points, to 4.5 percent. Other institutions cutting their rates included the European Central Bank and the central banks of Canada, Sweden, Switzerland and China.
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