Finance

Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Tuesday that steeper interest rate cuts should be on the table if the labor market continues to show signs of decline.

The next Fed chair could do QE with a twist and there may be a long easing cycle that would help revive mid-sized companies, housing and commercial real estate.

The sudden drop in long-end rates volatility was attributed to investors unwinding positions they used to hedge trades in mortgage-backed securities.

Shares of the online mortgage company known as Better rose, triggering multiple halts for volatility. They've gained more than 450% so far this year.

The move follows banking regulators' departure from the Network of Central Banks and Supervisors for Greening the Financial System earlier this year.

MSR investment persists and some values have stabilized since policymakers' rate cut confirmed anticipatory loan pricing, flattening some mortgage rates.

A fintech sourcing shared ownership of second homes is getting a revolving credit line to fund loan sales into the secondary market for non-qualified mortgages.

The buying is fueled in part by a $3.6 billion infusion that REITs got from selling new shares, according to data compiled by Bloomberg.

Intermediary automation has increased the immediate availability of product, pricing and eligibility information to both sides of the mortgage business.

The company will now consider loans up to $819,000 as government-sponsored enterprise-eligible, even though it cannot sell them to the agencies until Jan. 1.