Jerome Powell’s tenure as Federal Reserve chair is coming to an end as the Department of Justice (DOJ) has ended its investigation of alleged cost overruns on the Fed headquarters’ renovations. This paves the way for Kevin Warsh to head the Fed — maybe as soon as May. The timing couldn’t be more perfect, as […]
The outlook for mortgage rates as DOJ clears Fed path for Warsh Read More »
More than three years after mortgage rates began their climb from historic lows, a subtle but significant housing market shift is underway. Homeowners are finally letting go of sub-5% rates, “comeback buyers” are re-entering the search and regional markets are moving in opposite directions — all shaping what Coldwell Banker Real Estate calls a spring
Coldwell Banker: ‘Life doesn’t stop’ as comeback buyers return Read More »
Key takeaway: The current Basel III capital proposal does not explicitly include mortgage insurance as a factor in determining a loan’s risk weight, but seeks industry input on the potential benefits and drawbacks of doing so, leaving the door open to possible changes. Expert quote: “There are like 50 reasons why banks don’t want to
Banks question Basel omission of PMI in mortgage weights Read More »