News Formal

Yellen urges action to curb US mortgage market risks

  • 📰 brieflyza
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

US Treasury Secretary Janet Yellen flagged risks posed in the mortgage market Friday, as regulators released recommendations to address the sector's vulnerabilities. On Friday, Yellen said further action is needed to promote sound operations and address liquidity and other risks.

US Secretary of the Treasury Janet Yellen said vulnerabilities of nonbank mortgage companies can undermine financial stability. Photo: Anna Moneymaker / GETTY IMAGES NORTH AMERICA/Getty Images via AFP/FileUS Treasury Secretary Janet Yellen flagged risks posed in the mortgage market Friday, as regulators released recommendations to address the sector's vulnerabilities.

On Friday, Yellen said further action is needed to promote sound operations and address liquidity and other risks. Widespread disruption in the mortgage market, Yellen noted, could"lead to a temporary restriction of mortgage credit," making credit harder to obtain for certain borrowers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Treasury looking at offshore investment changes for South AfricaTreasury says it will be evaluating and researching the impact of recent offshore investment changes, which may affect future moves.
Source: BusinessTechSA - 🏆 24. / 61 Read more »