Pennymac leader on policy shifts to ease homeownership barriers
As Congress prepares for hearings on mortgage finance and affordability, industry leaders are bracing for months of policy debate.
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Barry Habib, Logan Mohtashami say housing market set for pent-up demand surge
With pent-up demand, multi-generational buyers and a suppressed market, 2026 could be a landmark year for U.S. housing.
Stress appears for consumer credit conditions
AFSA’s Q3 report reveals a dip in consumer credit conditions, but lenders remain optimistic about future economic conditions.
Kansas City Fed chair backs cautious approach on rates
Kansas City Fed Chair Jeff Schmid said he voted in favor of the Fed’s September quarter-point rate cut but sees no need for aggressive easing.
Banks earned $1 trillion windfall during Fed’s high-rate period
Lenders reportedly benefited from higher yields on deposits held at the Fed while paying relatively low rates to many savers.
Investor home purchases hit lowest second-quarter level since 2020
The decline comes as investors face the same pressures as individual buyers; high borrowing costs, elevated prices and economic uncertainty.
Trump taps economic adviser Stephen Miran for Fed board seat
Miran, who currently chairs the Council of Economic Advisers, is being appointed to serve the remainder of a term that expires in early 2026.
‘Feelings-based recession’: More Americans fearful of finances despite economic data
The TransUnion survey found that 32% of consumers report being pessimistic about their household finances over the next 12 months.
Easter-driven home sales dip masks recent growth
Last week’s pending home sales fell to 68,000 single-family contracts, a Easter lull that marks the first sub-2024 weekly tally in six weeks.
Federal Reserve stands pat, but still sees rate cuts ahead
The decision was almost universally expected by market observers as the Federal Reserve weighs data that could be pushing the U.S. toward a recession.