Fed governor Lisa Cook letter to attorney general calls mortgage fraud allegations 'baseless' (apnews.com)
Treasury chief Bessent had 2 concurrent owner-occupied mortgage commitments similar to Fed governor Cook. In Bessent and Cook situations, this isn't clear proof of fraud. (bloomberg.com)
Stephen Miran confirmed to join Fed. Appeals court says Fed's Lisa Cook can stay. Trump to escalate to Supreme Court. (reuters.com)
Housing Fraud Accusation Plot Thickens: Reuters report suggests FHFA chief Pulte’s father claims 2 properties as primary residences (reuters.com)
President Trump move to fire Fed governor Lisa Cook could end up being challenged at the Supreme Court if her lawyer Abbe Lowell prevails
Homeowners who are selling cut prices on 27.4% of listings in July, and 37% of homebuilders cut prices by 5% in August.
Treasury chief Scott Bessent says Fed Funds Rate should be 1.5% to 1.75% lower, predicts .5% cut Sept 17, teases up to 11 Powell replacements
Stephen Miran, chair of Trump's Council of Economic Advisors, nominated to open Fed governor role. How fast can he be confirmed and how long could he serve?
Trump approves The Late Show sign for Powell’s new Fed building. Just joking, but admit it: "The Late Show" is a better Trump nickname for Powell than "Too Late."
Is the Fed succeeding at it's dual mandate of low prices and low unemployment? Besset says the Fed should be examined to make sure.
Rocket bridge loans let you tap existing home equity for down payment on new home (and to fix up your place to sell), and the interest-only payments don't hit your pre-approval on the new home.
Mortgage rates back up to 7%, which stings, but 7% is right in middle of 2023 to 2025 range. Here's what'll influence rates direction next.
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