The meme stock craze hits Chewy and Petco, Chipotle’s split, Janet Yellen on inflation: Markets news roundup
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The meme stock craze hits Chewy and Petco, Chipotle’s split, Janet Yellen on inflation: Markets news roundup

Top Stories Tamfitronics Photo: Justin Sullivan (Getty Images), Anna Moneymaker (Getty Images), Samuel Corum/Stringer (Getty Images), Joe Raedle (Getty Images), Chip Somodevilla (Getty Images), ArLawKa AungTun (Getty Images), Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket (Getty Images), Image: Josh Edelson/AFP (Getty Images)Photo: Justin Sullivan (Getty Images)It could soon be easier to borrow against your home after U.S. regulators approved a Freddie Mac pilot program for purchasing second mortgages.The plan, announced Friday, is meant to help homeowners who secured low-interest mortgages and want to access their home’s equity for a loan. The Federal Housing Finance Agency (FHFA) said it granted “conditional approval” to the program. Under the pilot, Freddie Mac will have $2.5 billion cap on purchases over 18 months, with maximum loan amounts of $78,277. Read MoreU.S.Treasury Secretary Janet Yellen speaking during the Financial Stability Oversight...
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