An op-ed published earlier this month by The Wall Street Journal has raised the eyebrows of at least one mortgage industry leader, who penned a rebuttal this week about the outlet tying a capital infusion at United Wholesale Mortgage (UWM) to the health of the Federal Housing Administration (FHA)’s mortgage insurance fund. On Aug. 13, […]
MBA’s Broeksmit pushes back on linking UWM with FHA fund Read More »
Today, Fed Chair Kevin Warsh gave his much-anticipated Jackson Hole speech, which I previewed in today’s episode of the HousingWire Daily podcast with Editor-in-Chief Sarah Wheeler. My primary take from the speech is that Warsh will vote for a rate hike if inflation data doesn’t improve and labor data is stable. My main concern with
Fed Chair Warsh will vote to hike rates if data doesn’t improve Read More »
Federal Reserve Chairman Kevin Warsh delivered a more hawkish message on inflation at the Jackson Hole Economic Policy Symposium on Friday, telling central bankers and market participants that recent consumer price data does not yet show “underlying trends have meaningfully improved” toward the Fed’s target. “We must be confident that underlying inflation is moving to
Warsh warns Fed has ‘work to do’ as inflation progress stalls Read More »