May 11, 2024, 3:59 p.m. | AFP

Digital Journal

US Treasury Secretary Janet Yellen flagged risks posed in the mortgage market Friday, as regulators released recommendations to address the sector’s vulnerabilities. “The vulnerabilities of nonbank mortgage companies can amplify shocks in the mortgage market and undermine financial stability,” said Yellen at an open session of a Financial Stability Oversight Council (FSOC) meeting. She added […]

The post Yellen urges action to curb US mortgage market risks appeared first on Digital Journal.

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