Congress Tries to Pick Up the Pieces After Bipartisan Rescue Plan Unravels
October 2, 2008
The Senate this week approved an elaborate concoction of proposed remedies for the U.S. mortgage market, tossing the fate of an ambitious, broad-based federal intervention in the capital markets back to the House of Representatives. As Inside Mortgage Finance went to press late this week, it was uncertain whether the House would approve the slightly revised legislation after...
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
The 10-year Treasury rate is declining and the possibility of a recession is growing.
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