Global government and central bank actions designed to counteract systemic mortgage-related concerns are "positive" but "have not had a material impact on curbing the crisis in the credit markets," according to a recent report from the New York office of DBRS, Toronto."With additional liquidity in the banking system, the hope is that there should be some easing of the credit crunch that began last summer," the report said. "However, the credit crisis may remain more protracted in the mortgage sector and further measures may be needed." DBRS can be found on the Web at http://www.dbrs.com.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
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The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
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The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
July 3