The Federal Reserve may be poised to resume interest-rate cuts this week, but it could do more to ease US mortgage costs and stimulate housing by using different tools involving its balance sheet, says Pacific Investment Management Co. Even as traders fully expect the Fed to cut their short-term target by a quarter-point toward 4% […]
Fed ‘Operation Mortgage Twist’ would boost housing: Pimco Read More »
Angus Mordant/Bloomberg Mortgage applications for new-home purchases remain up on a yearly basis, but August marked a notable fall from the summer’s first two months, new industry data showed. New-home purchase activity rose 1% compared with last year, but applications decreased by 6% from July, according to the Mortgage Bankers Association’s Builder Application Survey. August’s
New-home mortgage applications slow after two-month surge Read More »
Key Insight: Democratic Lawmakers say the 2023 CRA made important updates to a decades old framework, accounting for online banking and reducing CRA “grade inflation.” Supporting Data: The 2023 rule was backed by bipartisan members of the Federal Reserve Board, including Governor Waller and Chair Powell. Forward Look: Lawmakers are pressing regulators to defend the
Senate Democrats urge regulators to rethink CRA reversal Read More »