Federal Reserve Chair Jerome Powell.Bloomberg News WASHINGTON — Federal Reserve Chair Jerome Powell said that the central bank will consider a Basel III endgame proposal — in addition to the nascent leverage ratio proposal being unveiled later in the day — as part of bank regulators’ deregulation push during the Trump administration. Powell, speaking before […]
Powell says Fed will revisit Basel III capital rules Read More »
In the nearly five years since they were first proposed, only 11 states have fully adopted the Conference of State Bank Supervisors’ prudential standards for nonbank mortgage servicers. Yet because of multistate examinations, these rules apply to 99% of nondepository mortgage servicers. The standards first went out for comment in October 2020, with 17 organizations
Nonbank servicing standards apply to 99% of market: CSBS Read More »
US purchases of new homes fell in May by the most in almost three years as rampant sales incentives fell short of alleviating affordability constraints. Sales of new single-family homes decreased 13.7% to a 623,000 annualized rate last month, a seven-month low, according to government data released Wednesday. That was below all estimates in a
New-home sales drop by most since 2022 on poor affordability Read More »
Bill Cosgrove, the CEO of Union Home Mortgage, is the latest mortgage industry player looking to move into sports team ownership. Cosgrove is listed as part of a group headed by another housing industry participant, Dream Finders Homes founder, president and CEO Patrick Zalupski looking to purchase the Tampa Bay Rays, the team confirmed to
Another mortgage exec aims to own a sports team Read More »
Fear of a recession is back in the headlines. And if you’re thinking about buying or selling sometime soon, that may leave you wondering if you should reconsider the timing of your move. A recent survey by John Burns Research and Consulting (JBREC) and Keeping Current Matters (KCM) shows 68% of people are delaying plans
Think It’s Better To Wait for a Recession Before You Move? Think Again. Read More »
Lenders, take note. June is National Homeownership Month, and if you’re still treating down payment assistance (DPA) like some fringe program, you’re about to get left behind. The housing market isn’t just shifting—it’s being dismantled and rebuilt in real time. Younger buyers are bypassing the legacy playbooks. They’re digitally native, financially savvy, and actively searching
If you think DPA is a niche, you’re missing the bigger picture Read More »
Jason Mitchell Group (JMG) officially earned the ranking as America’s #1 real estate team for both transactions and volume on Real Trends’ List for the Top Ranking Mega Teams in 2024 on June 6th, 2025. JMG, located in 42 states, finished 2024 with approximately 820 agents nationwide — now over 1000 — with 10,279 closings
Jason Mitchell takes the crown as #1 real estate broker in the USA Read More »
You likely hear strategies rooted in competitive advantage: how to stand out, gain market share and outperform rivals. In mortgage, that playbook often mirrors sports—one side wins, the other loses. But what if winning didn’t require someone else to lose? A smaller market still full of opportunity According to the Mortgage Bankers Association’s May 2025
Redefining what it means to win in mortgage Read More »
JPMorgan Chase & Co. has bundled the riskiest portions of over a dozen Freddie Mac mortgage bonds tied to small balance apartment loans in what appears to be the first time this sort of debt has been securitized not once but twice. Known as a resecuritization, the deal pools together 18 bonds created by Freddie
JPMorgan re-packages bonds tied to apartment loans into new debt in rare move Read More »
Florida enacted legislation this week that will provide various forms of relief for condominium unit owners and community associations from the financial impact of regulations introduced after the 2021 building collapse in Surfside. Governor Ron DeSantis signed new laws on Monday and noted the legislation came from feedback provided by condo residents and communities in
Florida eases costs for condo owners post-Surfside Read More »