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Federal Reserve

Waters urges Fed independence, FHFA probe in Trump-Cook fight

Democratic Party, Donald Trump, Federal Reserve, FHFA, House Financial Services Committees, House of Representatives, HWmember, Maxine Waters, Mortgage, Politics /

Congresswoman Maxine Waters (D-Calif.), the top Democrat on the House Financial Services Committee, sent two letters this week that seek investigations into actions by President Donald Trump at the Federal Reserve. One letter was sent to John Allen, the acting inspector general of the Federal Housing Finance Agency (FHFA), while the other was addressed French […]

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Trump appeals ruling allowing Fed Gov. Cook to remain

Federal Reserve, Litigation, Monetary policy, Politics and policy /

Key insight: The White House has appealed a lower court ruling granting Federal Reserve Gov. Lisa Cook an injunction that allows her to remain at her post pending the outcome of her lawsuit challenging the president’s moves to fire her. What’s at stake: The appeals process, even if expedited, is unlikely to affect Cook’s participation

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Experts: Pulte’s disclosures on Cook may violate privacy law

Federal Reserve, GSEs, Politics and policy, Trump administration /

What’s at stake: President Trump moved to fire Federal Reserve Gov. Lisa Cook via social media on Aug. 25, five days after Housing FInance Agency Director Bill Pulte raised allegations that Cook had engaged in mortgage fraud. Cook challenged her removal in court and was granted a preliminary injunction Tuesday night. Key insight: Pulte publicly

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Treasuries gain as wholesale inflation unexpectedly declines

Federal Reserve, Mortgage Rates, Treasurys /

Treasuries rose, led by short-dated notes, after a reading on wholesale inflation came in weaker than expected, cementing bets that the Federal Reserve will start to cut interest rates next week.  The yield on two-year notes, which closely track expected moves by the Fed, fell as much as four basis points to 3.52%, while the

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Federal judge blocks Trump’s attempt to fire Lisa Cook

Department of Justice, Federal Reserve, HWmember, Legal, Mortgage, Mortgage Fraud, Politics, Trump administration /

A federal judge blocked President Donald Trump’s effort to fire Federal Reserve Governor Lisa Cook, granting Cook’s request for a preliminary injunction on Tuesday evening. In her ruling, Judge Jia Cobb said that Trump’s reasons for removing Cook did not meet the standard for sufficient cause, noting the alleged conduct occurred before her tenure as

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Mortgage rate declines are anchored to an expected Fed cut

Federal Reserve, HWmember, Inflation, Jobs Report, LendingLife, Monetary policy, Mortgage, Mortgage Rates, Mortgage Rates Center /

With the next interest rate decision from Federal Reserve monetary policymakers just over a week away, mortgage rates have continued their downward trajectory as many lenders and investors have priced in a cut. But the markets will need to navigate one more inflation report before the Fed’s Sept. 17 meeting. On Tuesday at HousingWire’s Mortgage

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911,000 jobs cut in latest revisions. Is the Fed already too late?

Bureau of Labor Statistics, Federal Reserve, Housing Market, HWmember, Jerome Powell, Jobs Report, Regulatory /

The annual job revisions data was released today, which showed that 911,000 jobs that were supposedly created from March 2024 to March 2025 were removed from the books. The estimates were for 818,000 jobs to be lost in this report, so it came in worse than expected. Lower job growth has been a theme recently,

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Treasuries end four-day run of gains as focus turns to inflation

Federal Reserve, Inflation, Treasurys /

(Bloomberg) — Treasuries slipped, snapping a four-day winning streak, as investors braced for inflation readings this week which may show that ongoing price pressures could stand in the way of US interest-rate cuts. Yields rose by two to three basis points across maturities, with the 10- and 30-year tenors climbing from the lowest levels in

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With a Fed rate cut likely, how big could the refinance wave be?

Federal Reserve, HWmember, ICE Mortgage Technology, Keefe, Bruyette & Woods, LendingLife, Mortgage, Origination, Refinancing /

Mortgage rates at their lowest levels in nearly a year are driving a wave of refinance opportunities for lenders ahead of the Federal Reserve’s expected rate cut next week. The shift is encouraging more borrowers to leave the sidelines, with small rate moves already triggering meaningful activity. “Refinance businesses increased significantly from the first quarter,

With a Fed rate cut likely, how big could the refinance wave be? Read More »

Stephen Miran may join the Fed before the next interest rate vote

Federal Reserve, HWmember, Mortgage, Mortgage Rates, Politics, Regulatory, Senate, Trump administration /

Last month, President Donald Trump nominated Stephen Miran to fill a vacant seat on the Federal Reserve’s Board of Governors. And much like other Trump administration picks that require Senate confirmation, Miran’s selection has drawn skepticism from Democratic lawmakers. Miran met last week with members of the Senate banking committee, and a full floor vote

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