New Federal Reserve Chair Kevin Warsh says markets will have ample warning before the central bank makes significant changes to its balance sheet policy.
The Mortgage Bankers Association said, if implemented, the proposed changes would make it “unattractive for banks to continue to offer” warehouse lines to nonbank mortgage companies.
H.R.2854, the Neighborhood Homes Investment Act, would provide federal tax credits to help close the gap between the cost of constructing or rehabilitating a home and its market value.