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WASHINGTON, Dec 3 (Reuters) - A federal program meant to increase lending to poor communities did not contribute to the recent subprime mortgage crisis, a senior Federal Reserve official said on Wednesday. An extensive study of the Community Reinvestment Act shows the program, which is meant to increase borrowing opportunities for the poor, did not exacerbate the current housing finance woes in ...
WASHINGTON, Dec 3 (Reuters) - A federal program meant increase lending to poor communities did not contribute to the recent subprime mortgage crisis, a senior Federal Reserve official said on Wednesday. An extensive study of the Community Reinvestment Act shows the program, which is meant to increase borrowing opportunities for the poor, did not in any meaningful way exacerbate the current ...
WASHINGTON, Dec 2 (Reuters) - U.S. securities regulators are not expected to consider on Wednesday a proposal that would require credit rating agencies to differentiate between corporate bonds and complex products such as mortgage-backed securities, sources briefed on the matter said on Tuesday. The U.S. Securities and Exchange Commission is holding an open meeting on Wednesday to consider new ...
