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While consumers still see a low chance of a recession in the next year, there was a "slight uptick" in the share that believes the economy is already in a downturn.

After cutting rates 50 basis points in September, the Federal Open Market Committee meets after Election Day to determine monetary policy. Gary Pzegeo, head of fixed income at CIBC Private Wealth U.S., provides his take on the latest move.

Home-price gains in the U.S. slowed in July as still-high mortgage rates kept would-be buyers on the sidelines while inventory piled up.

Gary Hallgren is president at Arity, where he leads the development and implementation of Arity's strategy and operations.
 
Gary has extensive experience creating next-generation telematics solutions and Software as a Service (SaaS) business models, managing mergers and acquisitions of public and venture-backed companies and leveraging data and analytics to create breakthrough business opportunities.
 
Prior to joining Allstate in 2015, Gary served as senior vice president of Corporate Strategy at Telogis, where he negotiated four strategic acquisitions related to fleet management, insurance telematics, routing and logistics and commercial navigation. Previously, he was CEO of Remote Dynamics Inc., where he led a turnaround and positioned the company as a leading telematics supplier to the construction industry.
 
Earlier in his career, Gary served as president and CEO of WirelessCar North America, Inc., which provides telematics services to the fleet management industry and vehicle manufacturers. He also served as vice president of operations at Volvo Technology of America, which provides telematics solutions for cars, trucks and marine products.

After persisting for as long as two years in the U.S., the so-called inversion in yield curves — an unusual situation where rates on short-term debt exceed those of their longer-term counterparts — is unwinding in many parts of the world. 

Residential markets are set to gain momentum again with prices rising over the next few quarters as rising rents in cities support demand, according to Holzhey. 

The Dallas-based nonbank lender has toned down its mortgage servicing rights activity amid numerous legal battles over alleged violations, but stands to gain much with $1.4 billion Flagstar deal.

Originators are wary of fading rates heating up home prices and reducing inventory for prospective buyers.

Using AI inferences to sensitive questions based on limited data within the mortgage industry could easily result in fair servicing violations if they, for example, prompted repeated outreach attempts to borrowers based on protected characteristics, writes the

While the lock-in effect on existing supply has helped drive consumer interest in new construction, first-time buyers have been taking a greater share of that inventory.