Although the federal government is on high alert for possible terrorist attacks on key financial institutions, Treasury officials want the markets to continue to operate as usual."I applaud the financial services industry for remaining open for business," Treasury Secretary John Snow said Monday morning. The Treasury secretary said he is working closely with the Department of Homeland Security and others to monitor the situation. "Federal regulators and law enforcement officials will continue to work closely with financial market participants to quickly respond to any potential market disruptions," Secretary Snow said. At Freddie Mac, "it is business as usual," a spokesman said.
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The new executive order could add lender competition for self-employed borrowers, potentially via a small loan carveout and one for portfolio products.
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Eleven defendants face fraud and money laundering charges in a California case involving elderly homeowners and private lenders, prosecutors said.
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There were an estimated 630,000, or 46.3%, more home sellers than buyers in the United States in February, according to a Redfin report.
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United Wholesale Mortgage is offering revised terms. The mortgage real-estate investment trust that owns RoundPoint also received a third offer it's considering.
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Federal Reserve Gov. Stephen Miran said it is too early to judge how U.S. involvement in the war with Iran will affect inflation and monetary policy.
March 23 -
The Trump administration hasn't formally charged Swalwell, Adam Schiff or Lisa Cook, while a federal court tossed a prosecution against Letitia James.
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