David Paul Morris/Bloomberg Processing Content Key Insight: Minneapolis Fed President Neel Kashkari said the labor market is continuing to cool, though he wants to see additional data before deciding how monetary policy should proceed. Expert Quote: “My guess is we’re pretty close to neutral right now, and we just need to get more data to […]
Fed’s Kashkari flags concern about labor market Read More »
New York City Mayor Zohran Mamdani rescinded all executive orders issued by his predecessor over the last 15 months as part of a flurry of actions as the city’s new leader took office Jan. 1. Processing Content The directive revoked all executive orders former mayor Eric Adams had issued since Sept. 26, 2024, the day he was
Mamdani begins term by wiping out 15 months of Adams’ orders Read More »
The will to explore a new move that will put the government-sponsored enterprises on a path to be recapitalized and released from conservatorship exists; the question now is how, when and if. Processing Content All that could depend on whether the Trump administration is willing to make investor concessions and offer new shares, according to
Some paths to recap and release longer than others: Wedbush Read More »
The Treasury market in 2025 had its best year since 2020 as US trade policy shifts curtailed economic activity and the Federal Reserve cut interest rates in response to weakening labor-market conditions. Processing Content At the same time, Treasury yields remained confined to ranges in place roughly since the end of the Fed’s historic 2022-2023
Treasuries gain most since 2020 amid tariff chaos, Fed rate cuts Read More »
Zohran Mamdani promised to lead New York City as a democratic socialist during a frigid inauguration ceremony on the steps of City Hall, a warning to those who believed he might moderate his positions after taking office. Processing Content The nearly two-hour long event Thursday featured speeches by two of the US’s most liberal members
Mamdani digs in on progressive agenda at NYC mayor inauguration Read More »
The Federal Housing Administration’s mortgage insurance fund capital ratios were largely stable this past federal fiscal year, its annual report, delayed by the government shutdown, showed. Processing Content The overall ratio for the Mutual Mortgage Insurance Fund matched the previous fiscal year’s 11.47%, far above its required statutory 2% minimum. The capital ratio for the
FHA records stable capital ratios amid softer performance Read More »
A new Nevada law set to go into effect will permit insurance providers to exclude wildfire damage in homeowners policies in 2026. Processing Content Legislation passed in the Silver State this spring means insurers receive explicit legal protection if they opt out of wildfire coverage for standard policies issued after Jan. 1. With the change,
New insurance law to change Nevada wildfire coverage in 2026 Read More »
Key insight: The Trump administration would violate an existing court order if it allows the CFPB to run out of funding by declining to request money from the Federal Reserve. Supporting data: The Judge held that the Dodd-Frank Act requires the CFPB to request funding from the Fed’s “combined earnings,” even when the Fed’s expenses
Judge blocks effort to allow CFPB funding to run out Read More »
For those tracking servicing regulation and compliance, Consumer Financial Protection Bureau cutbacks have pushed attention toward agencies like the Federal Housing Administration, whose distressed loan rules are likely to shape servicing priorities in 2026. Processing Content “There’s really not a lot going on with the CFPB,” said Donna Schmidt, president and CEO of DLS Servicing.
CFPB void shifts focus to other types of servicing rules Read More »
Scott Turner, U.S. secretary of Housing and Urban Development.Aaron Schwartz/Bloomberg The beleaguered 50-year mortgage is one of many housing initiatives under consideration for the new year, according to a Trump administration official, and that has industry experts reiterating some suggestions for things to look into before committing to it. Processing Content The reactions come in
HUD says 50-year still on table, industry eyes challenges Read More »