Wednesday brought another incremental increase in the level and importance of the calendar events with the power to create volatility for rates. Some of the events were economic reports out earlier in the morning. The other 2 events consisted of the Fed’s policy announcement and the subsequent press conference with Fed Chair Powell. The economic […]
Mortgage Rates Sideways to Slightly Lower Read More »
Housing regulator Bill Pulte showed new frustration with Federal Reserve Chairman Jerome Powell and the latest decision to keep short-term rates unchanged on Wednesday, adding to pressure President Trump has been putting on the monetary policymaker to lower them. This time Pulte used his social media account on X to take issue with the way
Pulte takes issue with Powell statement on Fed housing role Read More »
Data breaches are quietly plaguing more lenders as their impacted customers continue to seek recourse via class action lawsuits. Virginia-based McLean Mortgage is facing four federal complaints after it revealed that the personal identifiable information of 30,453 of its customers was compromised in an October incident. The company, which disclosed the results of an investigation
More lenders suffer data breaches, face consumer lawsuits Read More »