Key insight: A new funding structure issued by the Department of Housing and Urban Development would have severely limited grants and excluded most existing fair-housing groups from receiving what remained. What’s at stake: Judge Myong Joun said HUD’s explanation for the changes “falls woefully short” and failed to account for organizations’ reliance on federal funding. […]
Judge blocks HUD overhaul of fair housing grants Read More »
Mortgage rates moved higher for the first time in three weeks, as the 10-year Treasury yield remained elevated in the wake of Secretary Scott Bessent’s debt repurchase plans. Processing Content Bessent’s plans to repurchase longer-term bonds is not impressing the markets, while the July personal consumption expenditures index data, while not showing inflation strengthening, also
What Warsh’s Jackson Hole speech could do to mortgage rates Read More »
Processing Content Key insight: Federal Reserve Chair Kevin Warsh is slated to give a speech Friday at the Jackson Hole Economic Symposium, historically a keynote event that he will likely use as an opportunity to reestablish the central bank’s credibility with markets by explaining how the Fed will respond to changing economic conditions. Supporting data:
What markets want from Fed’s Warsh — and how he can deliver Read More »