Federal Reserve Board Chairman Ben S. Bernanke says he expects economic conditions to improve in the second half of this year, but that the housing market will continue to be a problem. "Until the housing market -- and particularly house prices -- shows clearer signs of stabilization, growth risk will remain to the downside," the Fed chief told an international monetary conference in Barcelona, Spain. The precipitous decline of residential construction over the past two years should be less of a drag on the economy, he said. In addition, Fed officials expect that the monetary and fiscal stimulus already in the pipeline, along with further progress in the repair of the financial and credit markets, will help the economy. "This baseline forecast is consistent with our recently released projections, which also see growth picking up in 2009," Mr. Bernanke said.
-
Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
3h ago -
Developments like the downward swing in total jobs reported Friday, inflation and AI have made nonbank employment more complex and volatile this year.
4h ago -
Single-family mortgages originated with new scores have been put into private securitizations but these typically have been submitted alongside classic FICOs.
6h ago -
The collaboration comes after HUD issued several other updates earlier this year aimed at increasing affordability through loosened homebuilding policy.
7h ago -
Southeast impairments run 150 bps above other regions and alt-doc loans are up 200+ bps since 2025, while DSCR and full-doc improve. Time to review overlays.
7h ago -
Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
October 1








