Federal authorities still grappling with the banking crisis caused by the collapse of Silicon Valley Bank are already beginning to worry about the next potential bomb to go off in the nation’s financial system. In the […]
Each of the last four U.S. presidents has confronted an economic crisis serious enough to warrant extraordinary government intervention in the workings of the free market. Once rare, such dramatic rescues have become the norm. […]
The turmoil in the banking sector could spread to the housing and commercial real estate markets, Elon Musk has warned. “This is by far the most serious looming issue,” he tweeted on Saturday. “Mortgages too.” The Tesla, Twitter, and […]
Washington—The United States will likely enter a recession this year and face high inflation well into 2024, a majority of economists predicted in their response to a semiannual survey. More than two-thirds of respondents to […]
The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and […]
2022 was a roller coaster year, continuing the strong pandemic and post-pandemic fueled housing market through the first half of the year. Then, in the third quarter, we saw an abrupt stop to the record-breaking […]
The Federal Housing Finance Agency (FHFA) released on Thursday its Fourth Quarter 2022 Foreclosure Prevention and Refinance Report, stating that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac completed 52,469 foreclosure prevention actions in Q4 […]
When you google “appraisal gap” — and I just did — a long list of search results appear. To my surprise, the top results did not link to economists expounding on the intricacies of home […]
ChatGPT, the AI chatbot, has taken the world by storm over the past few months. It took Netflix 3.5 years to reach one million users, Facebook ten months and Spotify five months. ChatGPT got to […]
FRED has added 4 new data series of Bank Term Funding Program from the Board of Governors of the Federal Reserve System. The Bank Term Funding Program provides liquidity to US depository institutions, taking eligible […]
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