Federal Reserve Chair Jerome PowellBloomberg News WASHINGTON — Federal Reserve Chair Jerome Powell said the central bank is still trying to get a handle on how higher tariffs will impact the economy. Powell said it was always going to take time for higher import levies to translate into higher prices for consumers, but the administration’s […]
Powell: ‘Many, many uncertainties’ remain for tariff impacts Read More »
While its two mortgage banking segments made money during the second quarter, Redwood Trust lost $100.2 million for the period, related to businesses it is winding down. This compared with net income of $14.4 million in the first quarter and $13.8 million in the second quarter of 2024. The legacy investments are now its own
Redwood Trust’s mortgage businesses turn 2Q profits Read More »
Fannie Mae, the larger of two government-related loan buyers the Trump administration is considering repositioning for monetization, reported net worth and efficiency improved in the second quarter but earnings fell due to a revised credit loss provision linked to softer home prices. The government-sponsored enterprise generated $3.3 billion in net income during the period, down
Fannie Mae trims costs but profits decline Read More »