When unemployment jumps in nearly half of US states, a recession almost always follows, Piper Sandler's Nancy Lazar told ...
US officials worry the next recession could be intensified by a cascading series of failures in the mortgage industry caused by crashing home prices, frozen financial markets and soaring delinquencies ...
Unlike their counterparts, nonbank mortgage companies lack the stable deposits that can serve as a buffer during economic ...
Song recalls that barely half a year ago, as rates were hiked aggressively by the US Fed in its bid to wrestle down inflation ...
Gold has resumed its short-term bearish bias after a few days of backing and filling. The main drivers appear to be Federal Reserve (Fed) commentaries suggesting that US interest rates are set to ...
As of 2022, nonbank mortgage companies originated about two-thirds of US mortgages and owned the servicing rights on 54% of mortgage balances, according to FSOC. That’s up significantly from 2008 ...
New York (CNN) — US officials worry the next recession could be intensified by a cascading series of failures in the mortgage industry caused by crashing home prices, frozen financial markets ...