Fed Divided: Minutes Reveal Rare Rift on Bond Purchases
Fed officials are not just divided over when to taper. They also disagree about how to reduce their bond purchases.
![WASHINGTON, DC - JANUARY 29: Federal Reserve Board Chairman Jerome Powell speaks during a](https://media.breitbart.com/media/2021/04/GettyImages-1197381795-e1621452143958-420x316.jpg)
Fed officials are not just divided over when to taper. They also disagree about how to reduce their bond purchases.
The Tunnel to Towers Foundation is going to pay off the mortgage on the home belonging to New York Police Department (NYPD) Officer Anastasios Tsakos.
A huge surge in homebuying is feeding demand for purchase mortgages.
Demand for homes outside of major city centers has exploded higher this summer.
Buying a home is hard to do in ‘stay at home’ America. Refinancing applications, however, soared on lower interest rates.
New York Gov. Andrew Cuomo (D) confirmed a 90-day waiver for all mortgage payments on Thursday due to the “tremendous economic pressure” of the novel coronavirus pandemic.
Tammy Nemec and her 80 rescue cats were on the brink of homelessness when their lease ran out at their former rental home. Then the community and a Good Samaritan stepped in and turned things around.
Student loan debt in the U.S. stands at $1.7 trillion, with the average obligation at more than $29,000, and many aren’t keeping up.
Construction spending in November rose by twice as much as expected and prior months were revised upward.
Homebuilder confidence unexpectedly jumped higher in December, htting the highest level since 1999.
A Massachusetts widow received more than $126,000 in donations to help pay off her mortgage after she fell behind her mortgage payments following her husband’s death.
The Trump administration is seeking to overturn a Fifth Circuit decision that was the first significant shareholder legal victory.
Fannie and Freddie investors assumed that the end of conservatorship would result in a windfall. That might be a costly error.
New home sales were much better than expected in August, putting the year on pace to be the best since 2007.
Under an appeals courts ruling, the head of the FHFA could be replaced at will by the U.S. president.
Capital asset depreciation and mortgage interest deduction explain the Trump tax story better than the New York Times narrative of failure.
At the end of 2018, young Americans age 19 to 29 faced $1 trillion in debt, mostly for student loans, according to the Federal Reserve.
Renewed confidence among home builders hints at a recovery in one of the markets that slumped most in 2018.
The GOP Senator wants to return Fannie and Freddie to the private market but also cap their market share and introduce competition in the mortgage guarantee business.
New-home sales ran at a seasonally adjusted annual 657,000 rate in November, the best rate in eight months.
A spokesman just shot down the notion that Trump Administration might unilaterally release Fannie and Freddie from government control.
President Trump thinks interest rates have been rising too quickly. Would-be home buyers seem to agree.
Housing starts and mortgage applications were lower than expected. It may be time for the Fed to rethink its plan to hike interest rates further.
Earlier this week, Fox News’ Tucker Carlson asked a guest on his show if it were true that the United States government has been “looting” Fannie Mae and Freddie Mac.
A new report from the Government Accountability Institute (GAI) concludes that the Obama administration’s Department of Justice has been extorting fines from major banks, which are then used to fund leftist groups that push the Democratic vote.
The tension among Republicans after a lengthy presidential primary that began with seventeen contenders and ended with Donald Trump as the nominee, gets all the media attention, but the Democrat civil war has also been quite vicious.
The Obama administration is demanding that minorities again receive preferences to qualify for mortgages–the same policy that helped trigger the sub-prime mortgage crisis and the 2007-8 financial crash.
Tens of thousands of Russians who took on lower-interest foreign currency-denominated mortgages in the years before the financial crisis now struggle with repayments as the rouble’s value shrinks.