House Republicans debut CFPB reform package
The Republican proposal would bring the CFPB under congressional appropriations and curb several of its regulatory powers.
Fed’s Barr noncommittal on September rate hike
Markets are still pricing in an increase in the federal funds rate later this month, but Federal Reserve Gov. Michael Barr said his vote will depend on incoming unemployment and inflation data.
Non-QM securitization record signals secondary market shift
Bank of America Securities research shows this sector has had its best year since at least 2017, but some trends in the market point to a need for caution.
How banks are navigating the AI data center backlash
JPMorganChase, Goldman Sachs, Citi, Morgan Stanley, Wells Fargo and Bank of America are among the biggest backers of data centers. Community opposition isn't slowing them down, but it's making them rethink their approach to managing risks.
Judge blocks HUD overhaul of fair housing grants
A federal judge Wednesday said the Department of Housing and Urban Development failed to justify a sharp overhaul of a long-standing fair-housing grant program.
PCE inflation remains sticky as Fed weighs next move
The Bureau of Economic Analysis reported that the personal consumption expenditures, or PCE, price index rose 3.7% from a year earlier, indicating that inflation remains above the Federal Reserve's target.
Carrington expands non-QM guidelines, citing sector growth
The product expansion comes at a time when not just non-agency issuance is expected to have a record year, but other lenders are getting into wholesale.
Home prices trail inflation again: where growth still holds
Price gains slowed to a crawl from May to June, specifically in the West, but Central and East Coast regions showed steady year-over-year gains.
CDFIs file lawsuit against Treasury to release funding
A group of community development financial institutions are asking a federal court in California to compel Treasury to disburse funds from the CDFI Fund before they expire in September.
SEC sues three ex-Tricolor executives over bond fraud
The agency says the subprime auto lender pledged the same car loans to several lenders and bond deals at once, leaving investors owed about $945 million.
To fire Cook from the Fed, Trump looks to channel Taft
The president has initiated a for-cause process to remove the Federal Reserve Board governor from office, something only one president has successfully done before. But that century-old precedent may not offer Trump much useful guidance in his quest.
UWM, Rocket drive early VantageScore 4.0 adoption, others lag
On Aug. 14, over 30% of the loans sent to Fannie Mae and Freddie Mac from each company were scored using VantageScore 4.0.
Who would you give your money to, hyperscalers or the U.S. government?
There are two monster debtors out there — the AI industry and the U.S. government. Is the credit market big enough for the both of them?
Inside Bank of America’s $250 billion in data center funding
It's not just about AI and the bank is not walking away from its green goals, Karen Fang, the initiative's leader, told American Banker.
Humid July CPI report puts pressure on Fed to hike
The consumer price index ticked up last month, bolstering arguments about broad-based inflation and raising the odds of a rate hike next month.
The problems in the July jobs report are bigger than one report
The July jobs report was bad, but the context is worse: people leaving the labor force, stubborn inflation and rising bond yields.
Inflation expectations fall in key Fed survey
Near-term expectations for price growth fell in the latest consumer sentiment survey from the Federal Reserve Bank of New York, but remains above the central bank's target across all time horizons.
Hiring shortfall leaves all options open for Fed
The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
Fed’s Cook ready to hike rates ‘if necessary’
The Federal Reserve governor said inflation is too high but said she ultimately voted last week to hold interest rates steady to give recent economic trends more time to play out.
Warsh welcomes yield spikes as ‘change for the better’
Federal Reserve Chair Kevin Warsh acknowledged that his limited guidance might have been a factor in rising market rates, but said whatever increased volatility can be attributed to the changes is more than offset by the benefit of a more nimble central bank.
Load More
Couldn’t load more articles. Try again.