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Fotis Konstantinidis is a managing director at Stout, leading the digital and data analytics practice. He started his career as a brain researcher and held leadership positions delivering AI-driven products and services at McKinsey & Co., Accenture, Visa and Co-op Financial Services.

Brad Burch is a managing director in the accounting and reporting advisory practice at Stout. He advises both public and private clients in a broad range of industries on complex technical accounting matters and financial reporting, including initial public offerings.

In a letter to Federal Reserve Chair Jerome Powell, the chair of the Senate Banking Committee warned that the Fed was in danger of going too far in its efforts to tame inflation.

PulteGroup Inc. reported plunging demand for its homes and a spike in canceled deals for the third quarter. But the shares rose, showing just how the bar has been "lowered" for builders navigating the U.S. housing slump.

In the first two quarters of the year, the channel's lenders lost an average of 35 basis points for each origination.

"The main threat we see is coming from the CFPB, where the single director can act as judge, jury, and executioner, all in one," said Bob Broeksmit, president of the Mortgage Bankers Association

The New York-based startup, which launched last year, processes $3 billion in annualized rent payments, and its Bilt Mastercard customers are spending at an annualized rate of $1.6 billion, Chief Executive Officer Ankur Jain said.

Fannie Mae announced a pilot rollout of a new special-purpose credit program, while Freddie Mac said it is expediting review of similar new programs from lenders during the Mortgage Bankers Association conference this week.

A measure of prices in 20 large U.S. cities in August fell 1.3% on a month-over-month basis, the most since March 2009, according to the S&P CoreLogic Case-Shiller index.