Trump Offers Two Nominations for Fed Board

Jan 22, 2020

Federal Reserve Chairmain Jerome Powell warns that without added government aid, there could be "lasting damage,"

President Trump has nominated Judy Shelton and Christopher Waller to become members of the Federal Reserve’s Board of Governors.

Shelton most recently served as U.S. executive director of the European Bank for Reconstruction and Development and was previously chairwoman of the National Endowment for Democracy in 2017, having served as vice chairman from 2010 to 2014 and on the board from 2005 to 2014. She was also a founding member of Empower America and a staff economist for the National Commission on Economic Growth and Tax Reform chaired by Jack Kemp from 1995 to 1996. She is being nominated for the remainder of a 14-year term expiring Jan. 31, 2024.

Waller is currently executive vice president and director of research at the Federal Reserve Bank of St. Louis, a position he has held since 2009. He was previously the Gilbert F. Schaefer Chair of Economics at the University of Notre Dame from 2003 to 2011. He is being nominated for the remainder of a 14-year term, expiring Jan. 31, 2030.

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Phil Hall

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Jan 22, 2020

Analysis and Data

Redfin: Homebuyers Gain Leverage, But Pending Sales Keep Sliding

Pending sales fall 16.4% from a year ago despite lower home prices and mortgage payments, as sellers retreat from a weakening market

Home prices are falling. Mortgage payments are easing. Sellers are becoming more willing to negotiate. Yet the housing market keeps losing buyers.Pending home sales fell 16.4% year over year during the four weeks ending Nov. 1, reaching their lowest level in Redfin's weekly ...

Tech

New AI-Run Mortgage Startup Builds Database Of 224,000 LOs

LenDb.ai is making LO records available to AI assistants, offering a potential new way for borrowers to find originators

A new mortgage technology startup is betting that borrowers will increasingly turn to artificial intelligence to find a loan originator, and it wants to make sure AI knows whom to recommend.LenDb.ai, launched Thursday by venture studio Draper Goren Blockchain, has assembled ...

Jan

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