Fed signals it may be done raising rates, but Powell won’t talk pivot

Bank failures and potential debt ceiling showdown are wildcards for Fed policymakers weighing their next move as the threat of recession looms. Continue reading

Fannie and Freddie boost profits even as mortgage business tanks

The $68 billion in single-family mortgages Fannie Mae acquired during the first quarter made it the slowest period in more than 20 years. Continue reading

Mortgage giants Fannie and Freddie battened down the hatches in Q3

Fannie and Freddie remain profitable but are setting aside pots of money to cover future losses that could result from falling home prices. Continue reading