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Former Federal Reserve Gov. Daniel Tarullo and two Fed economists argue that the Federal Home Loan banks have expanded into activities that pose risks to financial stability.

The 30-year average has made a steep reversal over the past two weeks following a large acceleration in mid-June.

Lawmakers approved the first $500 million for the program as a trailer bill to the fiscal 2023 budget. Bonds may be used to fill the gap.

The largest affordability crunch seen in years and increased secondary-market options make it more pressing and feasible to pilot financing for the lowest-cost manufactured homes, Urban Institute research suggests.

Affordability was at its lowest point since the mid-1980s while home price appreciation numbers remained historically strong, Black Knight’s latest report found.

The bank began trimming its payroll after a dismal first-quarter origination performance. It will announce second-quarter results next week.

Capital adequacy at the four largest underwriters remained strong at the end of 2021 even with a slight decline from the prior year, Fitch Ratings said.

Average purchase-loan amounts shrank for the second week in a row and are currently 12% below their record size in March.

Drop in new contracts and waining interest point to a slower Q3 as consumers grow cautious about a recession.

Also: Freddie Mac accepts positive rental data, CFPB urges states to play hardball and report finds prices rise higher in disaster-prone areas