Federal Reserve Bank of New York reappoints president

Principal Reduction Modification. The Federal Housing finance agency (fhfa) undertook an extensive evaluation to determine whether to implement a Principal Reduction Modification program for seriously delinquent, underwater borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac (the Enterprises).

Federal Reserve Bank of Minneapolis The Federal Reserve System is the central bank of the united states. congress created the Federal Reserve through a law passed in 1913, charging it with a responsibility to foster a sound banking system and a healthy economy.