Key insight: The Federal Reserve has restructured its supervision and regulation division and plans to bring in outside hires to fill existing vacancies on the team. Expert quote: “Our job is not to save a failing bank. Our job is to ensure … that we’re helping them identify what the problems are and allowing them […]
Bowman: Changes coming soon to Fed supervision and regulation Read More »
Non-qualified mortgages continue to expand their presence in the industry, and most brokers expect this momentum to continue. Processing Content Almost 75% of brokers reported growing non-QM volume in their business over the last three years, and just 3.7% said volume decreased, according to AD Mortgage’s June survey of 250 brokers. More than 88% of
Non-QM is now first call, not fallback: brokers Read More »
Key Insight: The Fed’s preferred inflation gauge rose again in May, extending a streak of elevated readings that leaves policymakers with little room to pivot toward rate cuts. What’s at Stake: With the federal funds rate holding between 3.5% and 3.75%, the headline figure exceeds the upper bound of the Fed’s target range, producing a
Key inflation metric flashes red at 4.1% Read More »