A federal judge blocked President Donald Trump’s effort to fire Federal Reserve Governor Lisa Cook, granting Cook’s request for a preliminary injunction on Tuesday evening. In her ruling, Judge Jia Cobb said that Trump’s reasons for removing Cook did not meet the standard for sufficient cause, noting the alleged conduct occurred before her tenure as […]

Congress faces tough budget negotiations this month over the National Flood Insurance Program reauthorization and other issues, putting the single-family mortgage market on alert. Without a NFIP renewal by Sept. 30, flood coverage could lapse and a broader congressional impasse could cause a new government shutdown, requiring workarounds. What follows are a few of the

Tariff-influenced lumber price volatility this year has markets trying to read the tea leaves to determine what the implications might be for housing and the economy at large.  Since reaching a three-year high in early August, lumber futures declined by 25% to trade at approximately $525 this week, data from the Chicago Mercantile Exchange showed.