Federal Reserve Board member Kevin Warsh expressed wariness about the Fed’s willingness to purchase more mortgage debt or government bonds to boost the economy if it falters, an idea that has emerged amidst worries about the recovery’s sustainability. “Any judgment to expand the balance sheet further should be subject to strict scrutiny,” Warsh said Monday in a speech in Atlanta.

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Former Fannie Mae employee gets 6 years in prison for making $1 million on shady foreclosure sales

A former Fannie Mae employee will spend more than the next six years in prison after being found guilty of accepting more than a million dollars in bribes and kickbacks in exchange for selling Fannie Mae-owned foreclosures for less than market value.

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

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