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NY AG appoints new investor protection chief

New York Attorney General Eric Schneiderman appointed a new chief to lead the Investor Protection Bureau, an internal office known for probing abuses by Wall Street banks when it comes to the sale of mortgage-backed securities. Per Reuters:

Chad Johnson, 46, a veteran securities lawyer who joined the attorney general's office last year, replaces Marc Minor, who resigned after holding the position from March 2011 through August.

In recent weeks, Johnson has represented the New York attorney general in negotiations with JPMorgan Chase & Co over government mortgage probes, according to a person familiar with those negotiations who is not authorized to speak publicly about the matter.

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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