The Lede
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In a Waning Housing Cycle, There May Still Be Home-Builder Earnings Upside
MarketWatch, July 22, 2019--Andrea RiquierThe cycle peak hasn't led to a recession. Instead, the housing market looks to have come in for a soft landing and is now bouncing along. And that may be enough for residential builders to notch a favorable earnings season. (MBA mention)
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Lower Rates Have a Downside for Banks
Wall Street Journal, July 23, 2019--Ben Eisen (subscription)Lower interest rates generally help banks' mortgage businesses. Except when they don't.
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ARM, HELOC Mortgage Borrowers Could Get a Break if Fed Lowers Rates
Bankrate.com, July 22, 2019--Natalie CampisiSome borrowers might see lower monthly payments come the end of July if the Federal Reserve lowers interest rates.
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Equifax Hasn’t Heard the Last from Congress about Data Breach
National Mortgage News, July 22, 2019--Neil Haggerty (subscription)Despite having to cough up over half a billion dollars in a settlement with federal and state authorities, Equifax is likely not done answering to Congress for its 2017 data breach.
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Deal Sealed on Federal Budget, Ensuring No Shutdown, Default
Associated Press, July 23, 2019--Andrew TaylorPresident Donald Trump and congressional leaders announced Monday a critical debt and budget agreement that's an against-the-odds victory for Washington pragmatists seeking to avoid political and economic tumult over the possibility of a government shutdown or first-ever federal default.
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Democratic Candidate Warren Sees U.S. Economic Downturn; Urges Quick Steps
Reuters, July 22, 2019--Richard CowanDemocratic presidential candidate Elizabeth Warren on Monday warned of "serious" signs that the U.S. economy could skid into a downturn either this year or next, as she proposed a series of steps to minimize the risk.
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MISMO Elective–Introduction to MISMO’s Logical Data Model Webinar Today
MISMO presents a webinar, Introduction to MISMO's Logical Data Model, today, July 23 from noon-1:00 p.m. ET.
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