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Fed’s Fisher wants MBS cutbacks immediately

The Federal Reserve should cut back on purchases of mortgage-backed securities as soon as its next policy-setting meeting, but it should wait to see what Congress does on the fiscal front before trimming purchases, Richard Fisher, president of the Federal Reserve Bank of Dallas. 

 

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TheGathering2024-AJ-1341
Kristen Sieffert leads the reverse mortgage presence at The Gathering 

FOA’s president spoke about bringing reverse mortgages into the mainstream at the event in Scottsdale, Arizona.

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

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