FHFA Issues Final ‘Duty to Serve’ Rule

The Federal Housing Finance Agency today issued a final rule requiring Fannie Mae and Freddie Mac to submit plans for improving the distribution and availability of safe and sound residential mortgage financing in underserved markets.

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Small Business Optimism Jumps in November

The NFIB Small Business Optimism Index posted a strong increase of 3.5 points in November to 98.4. Eight of the ten index components rose, while one declined and one was unchanged. Reported job creation remained weak in November, as only 55% of businesses reported hiring or trying to hire. Fifty-two percent reported few or no qualified applicants for the positions ...

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Luetkemeyer Calls for End to OCC’s ‘Choke Point’ Involvement

In a letter to the OCC yesterday, Rep. Blaine Luetkemeyer (R-Mo.) took the agency to task for its continued involvement in the Department of Justice’s Operation Choke Point, which seeks to curtail disfavored businesses by working through regulators to pressure financial institutions to end customer relationships.

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