The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem....
NextGenMortgage
How big banks stabilized mortgage income despite volume falling
Home loan originations were tepid in the first quarter, but higher margins helped large depositories bolster income even when the drop was particularly steep. https://www.nationalmortgagenews.com/news/how-big-banks-stabilized-mortgage-revenue-despite-volume-falling
Bond traders surrender to higher-for-longer reality from the Fed
Bond investors who were once convinced that the Federal Reserve would start cutting interest rates this week are painfully surrendering to a higher-for-longer reality and a murky path forward for the market....
NVR profits approach $400 million
While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units. https://www.nationalmortgagenews.com/news/nvr-profits-approach-400-million
Fed: Inflation, policy uncertainty are top financial stability concerns
According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic...