In July alone, 114 posts raise “significant questions about your judgment and commitment to operating FHFA in a responsible, competent, and lawful manner,” Senator scolds Fannie, Freddie regulator. Continue reading
Trump administration would probably lose court battle, lawyers reportedly advise White House, and markets would react badly, “The Wall Street Journal” warns. Continue reading
Elevated mortgage rates, weakening home price growth and uncertainty from Trump’s tariff policy are setting the housing market on a dangerous path, Moody’s Mark Zandi said, with homebuyers and homebuilder hitting rock bottom. Continue reading
Purchase loan applications came in last week at the slowest pace since May, as renewed concerns about the impact of tariffs drive up mortgage rates and weigh on consumer sentiment. Continue reading
Inflation moved away from Fed’s 2 percent target for the second month in a row, with the cost of goods and services rising 2.7 percent from a year ago, up from 2.3 percent in April. Continue reading
Central bank refutes allegations by Trump administration officials that headquarters renovation project has been mismanaged and that Powell lied to Congress about its specifics. Continue reading
OMB Director Russell Vought put accusations that Fed Chair Jerome Powell lied to Congress about a $2.5 billion renovation of the Fed’s headquarters in writing Thursday. Continue reading
Rates are on the rebound again as investors weigh a strong June jobs report and the Trump administration’s threats to impose new tariffs in August. Continue reading
Fannie Mae survey echoes polls by the University of Michigan and the Conference Board that found uncertainty over tariffs is weighing on consumer confidence. Continue reading
The report beat analyst expectations by 37,000 jobs, curtailing hopes of a short-term rate cut in September. Several economists say mortgage rates will likely stay elevated and keep homebuyers on the sidelines. Continue reading