CFPB wants more mortgages in "underserved" areas

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”

WATCH: Famous televangelist gives terrible reverse mortgage advice

Let's clear this up for Maria
W S
Investments / The Ticker

Fed President: Rate hikes likely delayed till after mid-2015

watch and money
/ Print / Reprints /
| Share More
/ Text Size+

One Fed president predicted that the Federal Reserve will probably need to keep interest rates near zero for at least another year, according to an article in Reuters.

"As things get better we can kind of get back to our normal approach to policy," San Francisco Fed President John Williams told members of the Utah and Montana Bankers Association, predicting full employment and normal inflation by the "early part" of 2016.

The Fed has bought trillions of dollars of long-term securities and kept interest rates near zero since December 2008 in an effort to boost employment and keep the economy from becoming mired in a growth-sapping, downward price spiral.

Source: Reuters
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus