Earlier this week, we saw some holiday spirit out of Freddie Mac (OTC: FMCC) and Fannie Mae (OTC: FNMA). The two highly scrutinized mortgage dealers announced they would delay foreclosures till after the holidays. … [Read more...]
Fed’s Dudley Says Lack of Mortgage Competition Hampering QE3 Benefits
Lack of competition in the mortgage industry is hindering the affects of the Federal Reserve’s quantitative easing efforts, a senior Fed policy maker said. In testimony to the National Association for Business Economics in New York City Monday, New York Fed President Bill Dudley … [Read more...]
