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The Federal Reserve Board would become far more diverse if Sarah Bloom Raskin, Philip Jefferson and Lisa Cook are confirmed by the Senate. Jefferson and Cook are respected economists seen as likely to get the nod, but Republicans will challenge Raskin's assertions that bank regulators can play a vital role in combating climate change.

One potentially positive aspect of the transaction is that Foursight is a wholly owned subsidiary of Jefferies, a well-capitalized parent.

President Biden’s aspirations for aggressive forgiveness haven’t been fulfilled to date, but steps taken so far have lowered a key hurdle to entry-level homeownership.

Labor and supply-chain issues, coupled with rising inflation and higher interest rates, but not the omicron surge, are shaping a slightly more negative view.

After the relentless selloff that kicked off the year, buyers of longer-maturity Treasuries returned this week, extending a reprieve to a market rattled by surging inflation and a move toward tighter monetary policy by the Federal Reserve.

In a Senate confirmation hearing, the acting Federal Housing Finance Agency director echoed her predecessor’s view that restructuring of Fannie Mae and Freddie Mac should fall to Congress, and pointed to measures aimed at mitigating risk for the agencies.

Office buildings are increasingly going delinquent on their mortgages, and yet bond buyers can’t seem to get enough of the properties.

The company sold small businesses a credit-building product that fell short of its promises, and also failed to help them fix inaccuracies in their credit reports, according to the Federal Trade Commission. D&B has agreed to give refunds to many customers.

The company reached an agreement with 39 states to pay $1.85 billion to resolve claims that it had used predatory lending practices.

Issuance volume of asset-backed securities for the year through January 13, 2022