Mortgage rates hit 10-month low as Powell hints at Fed cut
The 30-year fixed rate mortgage fell 2 basis points this week, Freddie Mac said, but other sources like Zillow and Lender Price reported larger drops.
Economy
Higher mortgage rates slow refi application volume
The increase in purchase volume was not enough to offset the drop in refinance application submissions as conventional rates increased week-over-week.
Why a commercial real estate doomsday now looks unlikely
Data suggests that the beleaguered commercial real estate market isn't going to get worse. And now that banks have had time to build reserves, any losses they do take shouldn't be disastrous, analysts say.
CFPB to further curb its ability to supervise nonbanks
A proposed rule published Tuesday in the Federal Register would limit the Consumer Financial Protection Bureau's ability to designate nonbank entities for supervision.
Mortgage-Treasury spread at narrowest point in three years
While still higher than the norm, the reduction in this spread is good news when it comes to mortgage rates for potential homebuyers as well as current owners.
Trump says he will fire Fed Gov. Cook ‘if she doesn’t resign’
The President said in response to a press question about Federal Reserve Gov. Lisa Cook that he would fire her "if she doesn't resign" over allegations of claiming primary residence at two properties she owns, though the legality of such a move is unclear.
CHLA presses Trump team on Fannie, Freddie future
In a letter to federal leaders, the Community Home Lenders of America expressed views about a possible GSE merger and the need for "critical" mortgage products.
Fannie, Freddie IPO awaits Trump’s decision on timing
Trump has yet to decide when Fannie Mae and Freddie Mac will return to the market in an IPO that regulator Bill Pulte says could top $1 trillion.
US Treasuries slip as traders trim rate-cut bets ahead of Powell
Traders were watching a slew of data on a bigger-than-expected increased in jobless claims and expanded manufacturing Thursday.
Fannie Mae cuts outlook for 2025–26 home sales
Fannie Mae economists toned down their housing and economic outlook in August, predicting fewer home sales and less mortgage origination volume versus July.
Hilton Grand offers $400 million in timeshare ABS
The percentage of larger loans in HGVT-2 is 20.08%, S&P said. While that is lower than the 23.2% seen in the previous deal, it is still too high.
Vantage Data Centers prepares to sell $337 million from data center leases
One tenant accounts for 59.7% of the leased capacity and 56.4% of annualized adjusted base rent, but also has a AAA rating.
Consumer groups urge FHFA not to mix crypto with mortgages
Advocates warned the Federal Housing Finance Agency that allowing cryptocurrency assets to be used in the underwriting of Fannie and Freddie mortgages risks taxpayer losses and market instability.
Mortgage rates move lower on inflation, employment news
The 30-year fixed rate mortgage fell by 5 basis points, with the Consumer Price Index showing muted inflation and jobs data still influencing the market.
Domino’s raises $1.32 billion in ABS sale to refinance debt
Domino's also raised $320 million through a variable funding note facility, not offered to investors. Barclays Plc is leading the transaction, joined by Guggenheim Securities LLC.
Economists now leaning towards September Fed cut
Approximately 60% of economists surveyed by Wolters Kluwer believe the Federal Open Market Committee will act at its next meeting with a 25 basis point cut.
Fed’s Bowman says jobs data solidifies case for rate cuts
Federal Reserve Vice Chair for Supervision Michelle Bowman said she foresees three interest rate cuts for this year, a view bolstered by the latest employment data.
Kolyer joins Cadwalader as co-head of CRE, CLO practice
Throughout Kolyer's career he innovated securitization structures with commercial real estate and residential mortgages, commercial and consumer receivables.
Warren calls on Fed to activate additional capital charge
The ranking Democrat on the Senate Banking Committee said growing uncertainty and risks in the financial system mean the central bank should increase the countercyclical capital buffer for the nation's largest lenders.
Trump asks bank CEOs to pitch on Fannie, Freddie stock offerings
President Donald Trump is bringing in bank leaders to meet with him one by one at the White House. Beyond the economic discussion, there’s a chance at a big payday for their firms. Trump is asking for chief executive officers for their pitches on monetizing mortgage giants Fannie Mae and Freddie Mac, including a major […]
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