Elizabeth Warren, clad in cardigans and pearls, has become Wall Street’s public enemy No. 1, but it’s that very vitriol that could earn her a post heading the government’s new consumer watchdog agency. … Warren, a Harvard law professor and outspoken consumer rights advocate, is currently a top monitor of the government’s $700bn bailout of the financial system. Now she is one of the main contenders to head the Consumer Financial Protection Bureau, an agency to regulate financial products ranging from credit cards to mortgages.
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The lowest mortgage rates have ever been was around Thanksgiving 2012 when the interest rate for a 30-year fixed-rate mortgage fell to 3.31% (according to Freddie Mac data), but rising panic over the coronavirus could drive rates to lows never seen before. HW+ Premium Content
In this week’s column, HousingWire Columnist Logan Mohtashami responds to presidential candidate Mike Bloomberg’s comments on the financial crisis, providing his own view on how the market crashed and how to keep it from ever happening again.