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Officials Meet to Discuss Foreclosure Scams
Officials from four federal departments and agencies and attorneys general of 12 states met in Washington on Thursday to discuss what was termed an "epidemic" of fraudulent schemes designed to scam distressed homeowners.
Looking Ahead to FOMC Meeting Next Week
Take a glance at the schedule and you could be forgiven for thinking it’s a holiday. No data from the US is will hit markets all day, nor are there Treasury auctions or officials speaking from the Federal Reserve. But don’t think markets will be quiet. Investors have next week’s monetary policy meeting to think of, and the lack of fresh data this morning gives a chance to reflect on whether stocks are accurately priced.rnrnThe S&P 500 is up 2.3% this week despite the modest drawback yesterday. Equity futures are flat but tilted upwards this morning, and if markets can
Fed Buys Net $25.45 Billion Agency MBS
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...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
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...