New reports show that the strategies used by three major government-backed mortgage agencies to help delinquent borrowers keep their homes make financial sense for the entities themselves. Fannie Mae, Freddie Mac and the Federal Housing Administration save billions of dollars over time by giving loans a chance to reperform, Housing Risk and Policy Advisors found […]
Home retention saves Fannie, Freddie and FHA billions Read More »
Treasuries fell Friday but remained on course for a third straight weekly gain, with benchmark yields near the lowest levels since early May. Traders squared their positions to start the session, pushing yields up and snapping a five-day rally. Inflation gauges in US economic data were firmer than expected, leading traders to pare bets on
Fed-driven bond rally stalls with yields lowest since May Read More »
Senate Banking Committee Chair Tim Scott, R-S.C., left, and committee ranking member Elizabeth Warren, D-Mass.Bloomberg News WASHINGTON — Senate Banking Republicans can go ahead with cuts to the Consumer Financial Protection Bureau’s funding after the Senate parliamentarian approved nearly halving the amount that the bureau can draw from the Fed’s total operating budget. Last week,
What the big, beautiful bill now has in store for the CFPB Read More »