The U.S. and Japan launched a joint intervention to boost the yen after the currency fell to a 40-year low against the dollar, reflecting concerns about Japanese inflation and broader financial market stability.
Despite the unemployment rate remaining relatively low, a moderation in labor market conditions could lead to a broader cooling in consumer credit performance.
The Federal Housing Administration has released a draft mortgagee letter proposing a Reinstatement Advance Payment Demonstration that would provide a voluntary alternative method for securing partial claim and payment supplement debt. The proposal would eliminate the need for...
The Senate Agriculture Committee failed to advance the Farm Bill after committee Democrats objected that the legislation did not contain a two-year delay of changes to the Supplemental Nutrition Assistance Program.
The rate for a 30-year fixed-rate mortgage was 6.69% this week. The rate for a 15-year fixed-rate mortgage was 6.01%.
ABA urged lawmakers to support two bills to extend the Terrorism Risk Insurance Program by another seven years, saying that it offers commercial real estate markets and lenders certainty on their investments.
