Bank of New York Mellon Corp. (BK) Chairman and Chief Executive Robert Kelly said Monday he believes the U.S. has a “totally broken” mortgage product. Kelly, answering questions from Charlie Rose at the Securities Industry and Financial Markets Association annual meeting, said he
BNY Mellon CEO: US has a ‘totally broken’ mortgage product
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Pending home sales post a modest gain in March: NAR
Pending home sales increased by 3.4% from February to March despite rising mortgage rates, the National Association of Realtors reported.
