A possible shift in the composition of the Federal Reserve’s portfolio of Treasury holdings could result in the central bank buying nearly $2 trillion of bills over the next two years, enough to absorb nearly all of the Treasury’s issuance during that period, according to Bank of America Corp. Strategists Mark Cabana and Katie Craig […]
Fed portfolio shift could hand Treasury $2 trillion, BofA Says Read More »
Federal legislation banning traditional mortgage trigger leads has cleared the Senate and is likely to be signed into law in the coming weeks. When that happens, lenders will lose a familiar — and often crowded — way to identify borrowers after a credit pull. For some, that will feel like losing a trusted tool overnight.
With trigger leads going away, lenders who prepare will win Read More »
Luke Sharrett/Bloomberg The ongoing tariff-impacted rise of material and service prices, alongside challenging credit conditions, are a double whammy hitting residential construction, according to analysis from the National Association of Home Builders. Prices for goods and services used in residential construction came in 2.8% higher in July on an annual basis, marking the largest increase
Homebuilders encounter credit, supply cost headwinds Read More »