Mortgage professionals should begin getting ready for a new interest-rate index that can replace Libor, the scandal-tarnished benchmark that’s due to sunset after 2021, according to a Federal Reserve working group. So reports MarketWatch.

Federal Reserve chairman Jerome Powell has told lawmakers he would not quit his job as the nation’s top central banker if the president requested it. So reports the BBC.

Post from the JCHS of Harvard University
By Michael Stegman

Much of the writing that I will undertake in my fellowship year at the Joint Center for Housing Studies will address the Trump administration’s and Congress’s administrative and legislative efforts to reform the secondary mortgage market, including determining the fate of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, which were taken over by the federal government in the midst of the housing market crash in 2008, and where they remain today.