The Supreme Court on Friday ruled in a 6-3 decision that President Donald Trump overstepped his authority by imposing sweeping tariffs under a federal law intended for national emergencies, a decision that marks a rare defeat for the administration at the high court, which holds a 6-3 conservative majority. The court found that Trump’s use […]
Trump’s tariffs overturned by Supreme Court in 6-3 decision Read More »
Bonds dictate mortgage rates and bonds experienced a bit of volatility this morning in response to the Supreme Court ruling on tariffs. The initial impact was negative for rates with Treasury yields moving higher and the prices for mortgage-backed securities moving lower. But the reaction was well-contained and bonds ended up erasing most of it
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A consortium of mortgage and banking trade groups is voicing support for changes to a capital risk framework governing depository institutions, which if enacted could expand their participation in home lending. Processing Content In a letter addressed to federal officials, the groups called for further reexamination and a reproposal of the Basel III rule that
Mortgage trade groups back call for updates to Basel III Read More »