The Senate Banking Committee on Wednesday approved Sandra Thompson’s nomination to serve as Director of the Federal Housing Finance Agency. The Mortgage Bankers Association issued a statement commending the vote.
These days, is there really a spring home buying season? Especially when every month feels like buyers are knocking down every available door? Even, so, the New Residential Construction report from HUD and the Census Bureau portends what could be an even busier period for the housing market.
COVID-19 hit the hotel sector hard. DBRS Morningstar, Toronto, reported hotels had the highest loan modification rate among major property sectors due to the pandemic but said liquidations were lower than prior downturns.
Initial claims for unemployment insurance fell by 15,000 last week, the Labor Department reported Thursday, moving more toward “normal” numbers post-pandemic.
The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time since 2018, marking a new approach to rising inflation and other economic pressures.