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Consumer Protection Act Passes Committee Vote. HVCC Amendment Added
The House Financial Services Committee passed the Consumer Financial Protection Act on Thursday. The legislation will consolidate regulation of financial institutions into a single agency.
Equities Flat Ahead of Housing Data, Bernanke
Equity futures are flat to slightly lower this morning after shares in the S&P 500 jumped 1.06% yesterday. Today markets will received fresh data for the housing market and look for headlines coming from Ben Bernanke and Co. speaking at day three of the Boston Fed’s conference in Cape Cod.rnrnThe US dollar is slightly firmer this morning, December oil futures are up 10 cents to $81.29 a barrel, and spot gold futures are up slightly at $1,062.10 per ounce.
Fed Purchases $3.62 Billion Agency MBS per day Last Week
The goal of the Federal Reserve's agency MBS program is to provide support to mortgage and housing markets and to foster improved conditions in financial markets more generally. Only fixed-rate agency MBS securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae are eligible assets for the program. The program includes, but is not limited to, 30-year, 20-year and 15-year securities of these issuers.
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
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Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...