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Fed’s Raskin Urges Mortgage Companies to Help Housing

Federal Reserve Governor Sarah Bloom Raskin called on mortgage companies and investors to look past their own profits and help revive the housing market to strengthen an “agonizingly slow” economic recovery.

“The government can only do so much, and relevant private sector actors need to think beyond their bottom line and focus on how their firms’ actions are or are not contributing to the economic recovery,” Raskin, the newest Fed policy maker, said today at a mortgage conference in Park City, Utah.