Key Insight: Federal Reserve Gov. Michael Barr said inflation pressures on goods and non-housing services remain elevated and that the Middle East conflict could add to the burden. Expert quote: “I would like to see evidence that goods and services price inflation is sustainably retreating before considering reducing the policy rate further, provided labor market […]
Fed’s Barr: No interest rate cuts until inflation is tamed Read More »
Key insight: The Senate’s manager’s amendment, which added FHA multifamily loan limit reductions and an institutional investor cap on single-family homes, cost the legislation support from the Mortgage Bankers Association. What’s at stake: Community bank regulatory provisions championed by House Financial Services Committee Chairman French Hill were stripped from the Senate version, making it unlikely
Banks sour on Senate housing bill, but may not stop passage Read More »
The California Mortgage Bankers Association (CMBA) testified on March 20 before the California Assembly Banking & Finance Committee during an oversight hearing on California Assembly Bill 238, which focuses on the effectiveness of mortgage forbearance and the broader challenges facing homeowners affected by the state’s January 2025 wildfires. AB 238 provides up to one year
California MBA urges guardrails for bill targeting wildfire-related forbearance Read More »