FOMC Increases Interest Rates; MBA’s Mike Fratantoni Reacts
The Federal Open Markets Committee Sept. 16 increased interest rates by 0.25%, setting the target range for the federal funds rate to 3.75-4%.
VantageScore: Consumer Credit Holds Steady; Delinquencies Ease and Mortgage Balances Come Down
Consumer credit conditions remained largely stable in July, with delinquencies improving across the board, according to the latest CreditGauge report from VantageScore, San Francisco.
MBA Supports Nomination of Matt Jones as FHA Commissioner
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the nomination of Matt Jones to serve as Assistant Secretary at the Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA) Commissioner.
Cotality: Home Equity Continues to Grow
Cotality, Irvine, Calif., released its latest Homeowner Equity Insights Report, finding that in Q2, total homeowner equity reached more than $34.9 trillion.
Leading Economic Indicators Edge Down in August
An index of leading economic indicators dipped 0.1% in August after a slight increase in July, according to The Conference Board, New York.
