The Federal Reserve announced the decision after a meeting of its board of governors
Regulator says the Fed should not let the recent financial market turmoil affect the agency’s pledge to end its bond-buying program.
Yesterday was a big day for the NASDAQ and the stock market; the bond and mortgage markets held quite well given the strong equity market. Also, home sales were up 2.4% to 5.17 million units in September.
The long-awaited finalization of the rule draws closer as half of the regulators in charge of writing it agreed on more relaxed mortgage lending standards today.
MBA officials challenge regulators to put an end to the “relentless cycle of penalties.”
Things are not always as they appear to be, especially in the world's second largest economy. In the U.S., home sales increased by 2.4% last month.
The FHFA director and HUD secretary spoke publicly today about clarifying buyback rules in a bid to ease credit.