New York is the latest state to implement a nonbank Community Reinvestment Act, with laws already in place in Massachusetts and Illinois and one pending in New Jersey. Processing Content While it will be a compliance burden for these lenders, at least one nonbank executive also thinks it is an opportunity. A regulation has been […]
New York joins states imposing CRA on nonbank lenders Read More »
US President Donald Trump said he was directing the purchase of $200 billion in mortgage bonds, which he cast as his latest effort to bring down housing costs ahead of the November midterm election. Processing Content Trump announced the move on Thursday in a social media post, which was unclear on how the buys would
Trump directs $200 billion mortgage bond buy in housing push Read More »
Treasuries slid as investors anticipated Friday’s December employment data and possible Supreme Court strike-down of tariffs that have improved the US fiscal position. Processing Content Yields across maturities were higher by less than three basis points after rebounding from session lows. US economic data showing improved productivity, weekly initial jobless claims near recent lows and
Treasuries slip ahead of jobs report, possible tariffs ruling Read More »