FHFA acting Inspector General John “Joe” Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering. Continue reading
In her first public speech since President Trump’s attempt to remove her, the economist said she expects a “one-time increase” in prices, with inflation trending back down toward the 2 percent target once “the effects are behind us.” Continue reading
The Treasury Secretary blamed the Federal Reserve for the current housing recession and said that if the central bank cut interest rates more quickly, the recession could end. Continue reading
After the Federal Reserve approved the second rate cut of the year, mortgage rates moved in the opposite direction as investors who fund most home loans worry about inflation. Continue reading
Trump loyalist Kevin Hassett is seen as the most likely pick to lead the Federal Reserve Board next year. Critics say doubts about the central bank’s independence could put upward pressure on rates. Continue reading
The longer the government shutdown lasts, the more it impacts the real estate industry. Here are the latest updates on the cusp of the shutdown’s third week. Continue reading
Fed chair dismisses suggestion that central bank could resume its purchases of mortgage-backed securities to bring down mortgage rates and improve housing affordability. Continue reading
The legal battle over the Fed’s independence will drag into next year, with the Supreme Court to hear oral arguments in January on the Trump administration’s bid to fire Cook. Continue reading
In predicting that mortgage rates will drop below 6 percent next year, economists at Fannie Mae are more optimistic about growth and less worried about inflation than their colleagues at the Mortgage Bankers Association. Continue reading
The New York City-headquartered firm has long thought of itself as a steady tortoise, CEO Bess Freedman told Inman recently, and during uncertain markets, that’s something that attracts real estate agents. Continue reading