Key insight: The Senate passed housing legislation by a wide bipartisan margin, but the House is less likely to do so. What’s at stake: The Mortgage Bankers Association has complained that a “drafting error” in a section of the bill prohibiting investment companies from buying single-family homes would reduce the construction of multifamily housing. Forward […]
Housing bill passes Senate, but window of opportunity narrows Read More »
Mortgage rates zoomed up 11 basis points this week as the Iran war wreaked havoc on oil prices, putting both the bond and equity markets in turmoil. Processing Content The 30-year fixed-rate mortgage averaged 6.11% on March 12, the Freddie Mac Primary Mortgage Market Survey reported. This compared with last week’s 6% and a year
Iran war pushes mortgage rates near yearly high Read More »
Key Insight: Federal Reserve Vice Chair for Supervision Michelle Bowman highlighted upcoming changes to the global systemically important bank surcharge and Basel III endgame implementation rule, which primarily focus on adjusting input parameters and certain risk weighting mechanisms rather than overall capital levels. Expert quote: “These changes to the capital framework eliminate overlapping requirements, right-size
Fed’s Bowman previews streamlined capital framework Read More »