The Department of Veterans Affairs has unveiled new procedures for distressed borrowers with mortgages it partially guarantees, including an option that may help many who got loans at lower rates than are currently available in the market. Processing Content The VA will be ready to accept the legislatively-mandated partial claim that addresses the interest rate […]
VA finalizes new distressed borrower assistance Read More »
Key insight: Federal Housing Finance Agency Director Bill Pulte will be President Donald Trump’s acting director of national intelligence. What’s at stake: Pulte will remain at FHFA, where he’s used the agency’s resources and data to attack the Trump administration’s political enemies, including Sen. Adam Schiff, D-Calif., and Federal Reserve Gov. Lisa Cook. Forward look:
FHFA’s Pulte tapped for acting director of national intelligence Read More »
The Federal Reserve should avoid any move to significantly shrink its balance sheet, two prominent economists warned Tuesday — arguing against a strategy that the US central bank’s new chairman has specifically called for. Processing Content “There may be changes that would pass a cost-benefit test that would shrink the Fed’s balance sheet somewhat,” Christina
Fed warned on shrinking balance sheet in lookback at Powell era Read More »