Federal Reserve Board (FRB)

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Prime rose to 7% while the 10-year Treasury remained near 5%, giving originators two different borrower conversations

Plan could ease reviews of lower-risk mortgage technology while preserving lender responsibility for vendor failures

Markets overwhelmingly expect a quarter-point hike, but the Fed’s projections and the bond market’s response may matter more to originators

Fed chair says broader financial conditions remain loose, inflation is too high, and markets should expect less guidance on what comes next

Payrolls declined in July and previous gains were revised sharply lower, giving the Fed breathing room while raising new concerns about borrower confidence and mortgage-industry employment