Companies with a large amount of debt are frequently bypassing traditional bank lending, and instead turning to direct lenders within the private credit industry to refinance their outstanding debt. To account for these higher-risk corporate...
Read MoreIn response to industry concerns, the FHFA plans to broaden its reps and warrant loan repurchase policies to include loans that have successfully exited a Covid-19 forbearance plan. In prepared remarks before an industry conference,...
Read MoreThe recent surge in long-term U.S. Treasury yields has been associated with a sharp rise in the term premium. This “unknowable number” is the residual yield after accounting for anticipated path of short-term interest rates over...
Read MoreBy Michael Bright A blowout jobs report would usually be a good sign for a nation’s economy. But the U.S. jobs report that came out earlier this month increased fears that interest rates will remain...
Read MoreData from CoreLogic found that, while the risk of mortgage fraud had decreased annually by 3.1%, this increased 1.6% during Q1 and Q2 2023. According to CoreLogic, fraud rose annually in five of six categories,...
Read MoreCentral bank officials could be nearing the finish-line of raising short term interest rates if long term rates remain at recent highs and inflation continues to cool. The Fed previously raised the federal funds rate...
Read MoreIn a speech on September 9, Federal Reserve Vice Chair for Supervision Michael Barr addressed concerns surrounding the recently proposed Basel III capital regulations. Barr emphasized that these regulations are critical to completing the implementation...
Read MoreHome prices have continued to rise, despite significantly higher mortgage rates. However, investors who were active home buyers during the pandemic, have stepped back due to increased financing costs and slow rent growth. As a reflection...
Read MoreOn October 3, Rep. Kevin McCarthy (R-CA) was removed as speaker of the House by both sides of the aisle, as eight Republicans joined all Democrats in a historic 216-210 vote to vacate the seat....
Read MoreOn September 3, the Supreme Court heard oral arguments for CFPB v. Community Financial Services Association, which challenges the constitutionality of the CPFB’s funding structure. Justices on both sides of the aisle seemed hesitant to validate arguments that the...
Read MoreBy Michael Bright Mortgage rates are north of 7 percent for a 30-year fixed loan, the highest mortgage rates since 2004. That is a psychological fact in addition to being a financial data point. For 20...
Read MoreOn September 26, the FHFA released its national house price index for July 2023. According to the index, average home prices rose 0.8% from June to July 2023, and 4.6% on a year-over-year basis. Read...
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