Nonprofits and journalists are suing the Federal Housing Finance Agency to gain access to records on its fraud investigations and enforcement activity. Processing Content The agency is facing four Freedom of Information Act lawsuits, for allegedly ignoring public records requests. While the FHFA has moved to defend itself in those cases, it has also hinted […]
FHFA sued to release fraud investigation records Read More »
A new business agreement has led to the creation of a credit union servicing organization focused specifically on mortgage servicing. Processing Content The parent company of Great Lakes Credit Union is partnering with servicing platform Vertyx for the CUSO launch. Dubbed Vertyx CUSO, the business aims to serve its member institutions with technology tailored for
Credit union servicing gets dedicated CUSO Read More »
Sellers significantly outnumbering buyers in the market and economic uncertainty have caused a record number of home sales to fall through, a new industry report found. Processing Content Nearly 40,000 home-sale agreements were cancelled in January, according to a Redfin analysis of pending sales data. That’s 13.7% of homes that went under contract in the
Buyers back out of home-sale deals at record rate in January Read More »
Key insight: Fed Gov. Cook said artificial intelligence may already be influencing employment trends, pointing to lower demand for computer engineers as one potential sign of change. Expert quote: “It is very difficult to measure labor productivity and total factor productivity. So we should be patient and we should be nimble in thinking about the
Cook: AI’s labor impact may take years to measure Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now Federal Reserve Board Vice Chairman for Supervision Michelle Bowman gave a very significant statement about banks and the Basel III risk weights for residential loans and mortgage servicing rights to the American Banker
Basel proposal helps banks, but changes little Read More »
Home prices increased nationwide on a seasonally adjusted basis, a pair of widely followed metrics agree, although they vary on the size of the increase. Processing Content The Federal Housing Finance Agency House Price Index hit another high in December at 440.36, up from 439.72 in November, a change of 0.1. Price rose 0.8% on
Home prices are up… depending on where you look Read More »
Processing Content Key insight: Banks made $295.6 billion in net income in 2025. Supporting data: Banks’ net interest margin hit 3.39%. Forward look: Shortly after the data window, which showed no bank failures in Q4 2025, a small Chicago bank failed in January. Banks closed 2025 profitably, with higher rates of lending and stable credit
Banks close 2025 with strong profits, higher lending Read More »
Key Insight: Chicago Fed President Austan Goolsbee said inflation has not eased as quickly as previously forecast, underscoring the need for a cautious approach to interest rate cuts. Expert quote: “I remain optimistic that there can be more rate cuts this year. But that hinges on seeing actual progress on inflation that shows we are
Fed’s Goolsbee: Prioritize inflation before further cuts Read More »
WASHINGTON — Karen Petrou, co-founder and managing partner of Federal Financial Analytics and a luminary of financial policy, died Saturday afternoon of liver cancer after a brief illness. She was 73. Processing Content Petrou wielded an outsized presence in Washington economic and regulatory circles, cultivated over the course of decades in the industry and through
Karen Petrou, founder of Federal Financial Analytics, dies Read More »
This coverage is coming out earlier than normal due to a more interesting headline than normal. The average top-tier 30yr fixed rate fell back to 5.99% today, matching the levels seen only briefly back on January 9th, 2026 when the Fannie/Freddie bond buying plans were announced. Much like the last time, there’s always a risk
Mortgage Rates Dip Back Into The 5’s Read More »