Federal Reserve Vice Chair Michelle Bowman signaled forthcoming capital rule changes aimed at easing MSR treatment, and increasing risk sensitivity to strengthen banks’ participation in mortgage origination and servicing
January’s delayed and frequently revised economic data paints a mixed picture: solid GDP growth and easing housing prices alongside stubborn inflation, softening labor trends, volatile rates, and sharply weakening consumer confidence
President Trump has nominated Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, highlighting his market experience and stances on inflation and monetary policy
The Federal Reserve held its benchmark rate at 3.50–3.75%, citing solid economic growth, persistent inflation, and a soft labor market, leaving mortgage rates largely steady
Powell pushes back on DOJ subpoenas, warns of political pressure on Fed independence in the face of threatening a criminal indictment
In a recent court filing, OMB Director Russell Vought contends that the Bureau is legally barred from drawing funds from the Federal Reserve, the mechanism through which it has traditionally been financed
Home sales under contact remained relatively the same as August with an uptick in sales forecast on the horizon, as lower rates, improved affordability, and higher inventory begin to draw more buyers back into the market
Amid a lingering government shutdown and weakening labor market, the Federal Reserve has reduced interest rates by 0.25 percentage points at the conclusion of its October Federal Open Market Committee meeting
What builder sentiment, Fed moves signal for LOs and brokers
What it means for mortgage pros as Powell talks further cut likeliness, Fed neutrality, his future at the central bank, and more