Cord Moving Following the Federal Reserve
The Federal Reserve announced Wednesday, 12 Dece 12 that it plans to keep interest rates low as long as the unemployment rate is above 6.5 percent. This was the first time that the Fed has ever identified an exact unemployment rate to be reached before it plans to raise interest rates. To push rates lower, […]
The Moving Industry Holds Their Breath
Bank of America has agreed to pay $8.5 billion to more than 20 large investors including MetLife, BlackRock and the Federal Reserve Bank of New York, to settle claims related to losses on mortgage securities bought before the housing bubble burst, The Wall Street Journal reports. The payment exceeds the total profits of the Charlotte, […]
