The Consumer Financial Protection Bureau (CFPB) will appeal a redlining lawsuit it lost against the nonbank retail lender Townstone Financial Inc. and its founder Barry Sturner. The decision comes two months after Judge Franklin Valderrama […]
Construction spending remained unremarkable in February, declining fractionally from January (-0.1 percent) while maintaining a 5.2 percent improvement year-over-year. Notably, however, residential construction is no longer driving the industry numbers. It isn’t even holding its […]
The investment community is still trying to unpack what Intercontinental Exchange (ICE) has in mind with the potential acquisition of Black Knight. Mortgage analysts expect to see consolidation if the deal were to go through, […]
It wasn’t yet the season, but February’s home price environment seems to have gotten a jump on the vaunted spring housing market. Black Knight’s Mortgage Market reports that home prices rose 0.16 percent on a […]
“I don’t think there are enough books about problems actually averted – hence the title,” said Calabria. The post Person of the Week: Mark Calabria on Running the FHFA During the Pandemic appeared first on […]
Airbnb was founded in 2008 during the Great Recession when our co-founders opened their home to guests to help afford their rent. Over a decade later, 4 million Hosts around the world rely on the […]
March was a good month for the mortgage market with application volume growing for four straight weeks, but as the month ended, so did the winning streak. The Mortgage Bankers Association (MBA) said its Market […]
Mortgage rates declined last week as headlines on the bank crisis slowed, which could have spurred borrowers’ demand for home loans. But that did not happen, as the affordability issues that remain on the horizon […]
In this environment of high inflation and uncertainty about the banking sector’s financial health, market participants should scrutinize U.S. leveraged finance markets carefully. This asset class, comprised of leveraged loans and high-yield bonds, is very […]
NEW YORK, April 4 (Reuters) – World stock indexes declined on Tuesday, with all three major U.S. stock indexes ending lower, while the U.S. dollar fell to a two-month low and Treasury yields eased after […]
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