Seven federal agencies have withdrawn a 2022 interagency statement that encouraged creditors to consider Special Purpose Credit Programs, adding another significant change to a fair-lending framework that the Consumer Financial Protection Bureau had already revised...
I keep hearing some version of the same conversation in housing. When the Fed finally gets rates down, buyers will come back. Mortgage rates will improve. Transactions will pick up. Maybe we can finally get this market moving again. I understand why people think that...
A group of Senate Democrats is demanding that Federal Reserve Chairman Kevin Warsh publicly disclose how many conversations he’s had with President Trump since taking the leadership of the central bank. The Wall Street Journal reports the senators sent Warsh a letter...
President Trump is renewing his effort to oust Federal Reserve Gov. Lisa Cook after the Supreme Court ruled his earlier effort to fire her did not meet legal standards. The Wall Street Journal reports Dan Scavino, the White House deputy chief of staff, sent a letter...
Federal Reserve Chairman Kevin Warsh reported proposing cutting back on the number of rate policy meetings held by the central bank’s Federal Open Market Committee (FOMC). According to a Wall Street Journal report sourced from unnamed “people familiar with the...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
