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Appeals court strikes down Obama recess appointments; CFPB's Cordray Affected?
Posted to: Around The Web
Thursday, January 24, 2013 7:00 PM

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A federal appeals court said Friday that President Obama over-stepped his authority with a series of recess appointments to the National Labor Relations Board. The case may wind up in the Supreme Court, and determine how far the president can go in appointing people whose nominations would be filibustered in the Senate. The result could affect the standing of other Obama appointees, such as the head of the president's new Consumer Financial Protection Bureau, Richard Cordray.

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Mortgage Rates:
  • 30 Yr FRM 3.81%
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  • 15 Yr FRM 2.97%
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  • Jumbo 30 Year Fixed 3.92%
MBS Prices:
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Recent Housing Data:
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