And Lisa Abramowicz. Jonathan this is bloomberg surveillance, on tv and radio, alongside tom keene and Lisa Abramowiczs Annmarie Hordern. The s p 500 is negative by 0. 3 . Under surveillance this morning. Boston fed president Susan Collins saying the rise of longterm yields surprising tightening financial conditions and persists which reduces the need for further Monetary Policy tightening in the near term. That is where our focus begins. Lisa a what we saw yesterday in the market did not have to do with fed speak with an auction that did not work well. There is a question of whether the fed has lost control of the narrative. Then speakers can keep coming out. We heard from Patrick Harker today. They have lost control of the market is what sign around with what they perceived to be inflation. Jonathan it is easy to blame inflation but they came in soft. Annmarie they will point the hands at congress for a number of reasons because they dont have a speaker. When you look at what the Con
Federal employees. The speaker the house will be in order. The prayer will be offered by the guest chaplain, pastor jon lands, Fellowship Baptist Church, vienna, west virginia. The chaplain lord god, i thank you for your hand of providence that has guided our nation and protected us over these past 241 years. Were thankful for those who have gone before us and paid the price for our freedom from tyranny. In recognizing your blessing in our history, we now ask for your continued favor and grace. We ask that youll protect those who even now place themselves in harms way to preserve the liberty of our land. I especially thank you for these dedicated men and women who gather today to do our nations business. We pray for all in authority, that we may live in peace. We ask you to lead this congress, to follow your instruction given to the prophet mica. To do justly. To love mercy. And to walk humbly with you. These things we pray in jesus name. Amep. Amen. The speaker the chair has examined
Veterans panel investigates a type of home Loan Refinancing practice that targets for veterans and Service Members. The department of Veterans Affairs will propose a rule changes to the guarantee program to stop lenders from targeting and pressuring veterans to refinance their home loans. The Loan Guaranty Service and executive Vice President of the Government National mortgage association. [inaudible conversations] welcome to todays subcommittee on Economic Opportunity and the oversight hearing entitled home loan churning practices and how veteran homebuyers are being affected and how taxpayers can be affected. This is the second hearing was held in Congress Related to the Loan Guarantee program and the benefits provided to the american servicemembers and veterans on account of the program. As with the department of Veterans Affairs discusses in the testimony from the guarantee was over 23 million loans in excess of 2 trillion since the 1940s that represents millions of veterans come
[inaudible conversations] welcome to todays subcommittee on Economic Opportunity and the oversight hearing entitled home loan churning practices and how veteran homebuyers are being affected and how taxpayers can be affected. This is the second hearing was held in Congress Related to the Loan Guarantee program and the benefits provided to the american servicemembers and veterans on account of the program. As with the department of Veterans Affairs discusses in the testimony from the guarantee was over 23 million loans in excess of 2 trillion since the 1940s that represents millions of veterans come servicemembers and their families who have may not have otherwise been able to achieve the American Dream and while this program is one of the more wellrun programs at the va and i have some thoughts about why it is. The lenders are involved and there are more people involved in administering it in the private sector. Potentially unscrupulous lenders that have potential for the veteran homeb
[inaudible conversations] welcome to todays subcommittee on Economic Opportunity and the oversight hearing entitled home loan churning practices and how veteran homebuyers are being affected and how taxpayers can be affected. This is the second hearing was held in Congress Related to the Loan Guarantee program and the benefits provided to the american servicemembers and veterans on account of the program. As with the department of Veterans Affairs discusses in the testimony from the guarantee was over 23 million loans in excess of 2 trillion since the 1940s that represents millions of veterans come servicemembers and their families who have may not have otherwise been able to achieve the American Dream and while this program is one of the more wellrun programs at the va and i have some thoughts about why it is. The lenders are involved and there are more people involved in administering it in the private sector. Potentially unscrupulous lenders that have potential for the veteran homeb