The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach & Education function engages, empowers and educates the public in the Second District. Our outreach mission furthers the Bank’s commitment to the region by listening to the communities we serve and developing programs, analysis and sponsored conferences and clinics to help meet their needs. Our education mission aims to advance public knowledge about the Federal Reserve System and its role in the economy.
The Spread between Primary and Secondary Mortgage Rates: Recent Trends and Prospects
December 3, 2012
Mortgage rates have declined to historic lows in recent months, yet the spread between primary and secondary rates has reached very high levels reflecting a number of potential factors affecting originator costs and profits. With the aim of better understanding determinants and dynamics of this spread, the panel discussions in this workshop will bring together representatives of the main originators and the GSEs, other mortgage market participants, policy makers, regulators and academics. This workshop is jointly sponsored by the Federal Reserve Banks of Boston and New York.
Time and Location Monday, December 3 9:00 a.m. – 5:00 p.m.
Lunch will be served at 12:15 p.m. Keynote lunch speaker: President Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston.
Location Federal Reserve Bank of New York 33 Liberty Street New York, New York
Agenda Paper prepared as background material for the workshop
Audience The conference is by invitation only.
Press This event is open to the press. Chatham House Rules will be in effect for all but the keynote address at lunch; press may report on comments made during the event, but may not attribute remarks to individuals or organizations. President Rosengren's luncheon speech will be on-the-record. Space is limited. To register, please contact Eric Pajonk at email@example.com or 212-720-1735.
Organizers Andreas Fuster, Federal Reserve Bank of New York David Lucca, Federal Reserve Bank of New York