Politics & MoneyMortgage

Congress debates potential Janet Yellen nomination

Janet Yellen, a potential nominee to lead the Federal Reserve, should have less difficulty getting confirmed by the Senate when compared to Larry Summers, who is now out of the running. But the Financial Times claims some are still cool on Yellen:

Jerry Moran of Kansas, another Republican member of the Senate banking committee, refrained from attacking Ms Yellen directly.

“I continue to have concerns about the inflation risk associated with the Federal Reserve’s quantitative easing program, but I’ll withhold judgment of any potential chairman until a nomination is made by the president,” she said.

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Caliber Home Loans CEO Sanjiv Das steps down

Sanjiv Das, CEO of Caliber Home Loans, is stepping down as CEO of the company, less than one year after New Residential Investment Corp. (Newrez) acquired the mortgage lender and servicer, sources familiar with the situation confirmed. 

3d rendering of a row of luxury townhouses along a street

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