FHFA leaving g-fees alone, revising primary mortgage insurance requirements

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

Move will lower fees for riskier borrowers; change is ‘revenue neutral’

Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults

Court filing reveals name of anonymous whistleblower in Zillow/Move lawsuit

Former Zillow VP of Strategic Partnerships wrote the letter
W S
Investments / The Ticker

Larry Summers is Obama’s Fed pick, Japanese paper claims

White House denies a selection has been made

Federal Reserve
/ Print / Reprints /
| Share More
/ Text Size+

White House officials say the president has not selected a nominee to replace Ben Bernanke as Federal Reserve Chairman, but a Japanese newspaper, Nikkei, claims to have the scoop.

Citing unnamed sources, the publication said Obama is in the final stages of naming Summers as his pick to lead the Fed.

According to Reuters, the foreign paper stirred up quite a bit of controversy and speculation:

The newspaper, quoting unnamed sources, said in its original Japanese version that Obama was "in the final stages" and moving toward naming Summers.

The English-language version said the president "is set to" name Summers as early as late next week.

Asked about the story, a White House spokeswoman said Obama had not made his decision about the Fed job.

Source: Reuters
Read full story
Comments powered by Disqus