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Alanna McCargo is president of the Government National Mortgage Association (Ginnie Mae). Previously, McCargo served as senior advisor for housing finance to HUD Secretary Marcia Fudge.

John Shrewsbury is co-owner of GenWealth Financial Advisors in Little Rock, Arkansas. With over 20 years of experience in the industry and an RICP® designation, he leads one of the largest independent financial advisor firms in the state of Arkansas.

Kevin Bain is the Director of Strategy for the City of Detroit Treasury and Vice-Chair of the GFOA's Capital Planning & Economic Development Committee.

Other mortgage firms are enduring a rough stretch, shedding hundreds of workers and exiting wholesale channels in recent weeks.

Completions in August remained far lower than before COVID-19 arrived in the United States but initial actions rose fast enough to potentially meet expectations that they'll normalize in 2023.

At least one other nonbank wholesaler will be following suit, with more likely to follow.

Gina Nebesar is the co-founder and CPO of Ovia Health.

Acting Chairman of the Federal Deposit Insurance Corp. Martin Gruenberg said that the agency will continue to consider its rising assessment rates even as deposits fell in the second quarter

The 15-year average crossed the 5% threshold for the first time in over a decade.

Price levels "remained highly elevated," but nine districts reported some degree of moderation in their rate of increase, the report showed. The price of food, rent, utilities and hospitality services, in particular, rose substantially across all 12 Fed districts.