National Mortgage News, March 7, 2024–Brad FinkelsteinThe amount of mortgage credit provided by lenders loosened in February compared with the previous month because of an increase in refinance offerings, the …
Category: Top National News
Regulators Plan to Alter Basel Proposal, Timing Unclear
Inside Mortgage Finance, March 7, 2024–Brandon IveyFederal Reserve Chairman Jerome Powell said major revisions to the proposed capital requirements for large banks are likely.Click here for more (subscription)
Powell Reinforces Position that the Fed is Not Ready to Start Cutting Interest Rates
CNBC, March 6, 2024–Jeff CoxIn prepared remarks for appearances on Capitol Hill, Fed Chair Jerome Powell said policymakers remain attentive to the risks that inflation poses and don’t want to …
US Economic Activity Increasing Slightly, Fed’s Beige Book Shows
Bloomberg, March 6, 2024–Christopher CondonThe U.S. economy has expanded at a modest pace since earlier in the year, while consumers showed more sensitivity to rising prices, the Federal Reserve said …
The U.S. Housing Market Is Headed Into a Pivotal Spring Season as Home Sellers Wait for Their Sweet Spot, According to Opendoor
Fox 5 DC, March 3, 2024-David KaplanThe last few years have seen a wave of ups and downs for homebuyers and sellers–from homeowners who rode to the height of the …
The U.S. Wants to Boost Affordable Housing by Using Billions in Unspent COVID Aid
Business Insider, March 6, 2024-Filip De MottBillions of unspent pandemic dollars have been made available for housing projects as the federal government steps up efforts to tackle the shortage of …
Jerome Powell Says Fed on Track to Cut Rates This Year
The Wall Street Journal, March 6, 2024-Nick Timiraos and Andrew AckermanBrisk inflation and hiring data in January haven’t altered the Federal Reserve’s expectation that it will be appropriate to cut …
Weekly Mortgage Demand Surges 11% as More Homes Hit the Spring Market
CNBC, March 6, Diana OlickSpring hasn’t officially sprung yet, but the spring housing market already appears to be on the move despite stubbornly higher mortgage rates.Click here for more
Allowing The ‘Dogs’ To Bark
National Mortgage Professional, March 6, 2024–Lew SichelmanMore lenders need to know about the FHA’s 203(k) financing.Click here for more
Americans Are Paying Nearly as Much Interest on Credit Cards and Other Debt as They Are on Their Mortgages
Business Insider, March 5, 2024-Yuheng ZhanNew data reveals that Americans are spending nearly as much on interest payments for credit cards and other kinds of consumer debt as they are …