Federal Reserve officials have agreed to sell some of their $1.1trn in mortgage backed securities (MBS) at some point, but at their meeting last month they were unable to reach a firm consensus on how soon or how aggressively to do that, according to several people familiar with the matter. Many Fed officials want to wait until after the central bank has started to tighten financial conditions by raising short term interest rates, which could be many months away, but a minority is eager to move sooner.
Most Popular Articles
The CFPB has been taking a long, hard look at some of its rules and regulations. Next up on its list to review is TRID, and it looks like eliminating the rule entirely is not off the table.
Of the three American generations following the Baby Boomers, the youngest is doing the best at managing its credit.