Industry WIKI
Digital assets and currencies
Understand assets, networks and trading mechanics with sources you can check.
Federal takeover of Fannie Mae and Freddie Mac
In September 2008, the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subp
BankingFlow of funds
Flow of funds accounts are a system of interrelated balance sheets for a nation, calculated periodically. There are two types of balance sheets: those showing
Securities & exchangesResidential mortgage-backed security
Residential mortgage-backed security (RMBS) are a type of mortgage-backed security backed by residential real estate mortgages.
BankingSeptember 2019 events in the U.S. repo market
On September 17, 2019, interest rates on overnight repurchase agreements (or "repos"), which are short-term loans between financial institutions, experienced a sudden and unexpected spike. A measure of the interest rate on overnight repos in the United States, the Secured Overnight Financing Rate (SOFR), increased from 2.43 percent on September 16 to 5.25 percent on September 17. During