Author name: Ricky Vasquez

Wall Street is sizing up Warsh’s options to shrink Fed portfolio

Federal Reserve Chair nominee Kevin Warsh has several paths toward reducing the central bank’s $6.6 trillion balance sheet but the process will be costly and lengthy, Wall Street strategists say.   Processing Content Warsh has called for dramatically paring the Fed’s massive financial footprint, rekindling the debate around the size of its portfolio which swelled […]

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Institutional home buyers gained ground in December

Institutional investors modestly expanded their share of single-family home purchases in December, complicating President Donald Trump’s call to push large buyers out of the market. Processing Content Large investors, those that own between 100-999 properties, accounted for 3% of all single family-home purchases and mega investors, 1,000 or more properties, totaled a 2.8% share in

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Mike Fawaz Rocket Pro TPO Executive Vice President 2022

Rocket Pro executive Mike Fawaz leaves the megalender

Rocket Pro leader Mike Fawaz, one of the company’s most public-facing leaders, has left his position.  Processing Content The executive vice president, who’s been with Rocket since 2011, made his announcement in a Linkedin post Monday, and his employer confirmed his departure Tuesday. Housingwire first reported the news. His exit comes two weeks after general

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