Organization Root Tag

Repo markets and the bank deposit business, in particular, would be upended if the U.S. were to default on its debt, experts say.

Wells Fargo kept Chief Executive Charlie Scharf's pay at $24.5 million for 2022, a year in which both profit and stock tumbled and the bank continued to grapple with the fallout from a raft of scandals.

Despite the significant annual increase, home buyers saw signs of affordability returning in the latter months of the year.

But late borrower payments slightly grew in November, with 18 metro areas reporting an increase, up from six metro areas in October, CoreLogic's report found.

The U.S. economy expanded at a healthy pace in the fourth quarter, though an extended salvo of Federal Reserve interest-rate hikes is seen jeopardizing growth prospects this year.

Mortgage prepayment rates also fell to a new low for the third consecutive month in December, according to Black Knight.

Volumes came in higher for purchases and refinances, as well as for both conventional and government products.

Foreclosure prevention actions overall fell for the sixth time in seven months in October, according to the FHFA.

The reductions in the multifamily goals for 2023 to 2024 compared to those from the period before suggest that these goals will have little, if any, impact on the GSEs' multifamily operations in future years, writes a former principal economist with the Federal Housing Finance Agency.

The Federal Reserve's quantitative-tightening program risks being propelled toward an early end as U.S. politicians bicker in Washington over raising the national debt limit, according to some economists and bond market participants.