Organization Root Tag

Also, Click n' Close, LendArch, First Community name chief officers, Evergreen promotes long-time leader to president and LenderClose grows its marketing team.

The decline was driven by a $307M provision to cover potential credit losses, primarily from its single-family business.

Investors had largely factored in an anticipated increase in the federal funds rate, but latest GDP numbers could result in more volatility.

Analysts say draining reserves from the banking system will reach a practical limit in the first quarter.

Average purchase sizes have also fallen by almost 11% after reaching a record high this spring.

While housing costs were still up nationwide, Pacific states saw the most rapid pace of moderation on an annual basis, a Federal Housing Finance Agency study found.

Dennis Hermonstyne, a legal and regulatory expert, previously held roles with E-Trade and the Federal Reserve System.

Growth is already slowing after its previous increase, but with inflation persisting, it seems a recession is necessary to ease price pressure.

Largely, economists surveyed agreed with the decision by the Fed to continue to raise interest rates to slow inflation.

Katie Jones is the third woman added to the GSE’s chief officer ranks in the past year.