Banks tighten lending; 46% rejection rate on mortgage loans

Banks tighten lending; 46% rejection rate on mortgage loans

It was already difficult for businesses and households to borrow money earlier this year — but after the collapse of three US regional banks and a cascade of rate hikes by the Federal Reserve, getting money has become considerably harder.   What does the decline in...
Has the housing market bottomed out?  Will housing prices continue to rise? What does this mean for interest rates

Has the housing market bottomed out?  Will housing prices continue to rise? What does this mean for interest rates

Like most, I have been surprised at the recent upward movement in prices.  Did we just experience the shortest housing cycle ever?  Are housing prices going to continue their recent upward swing?  Why are housing prices now moving higher after a very shallow decline...
The largest buyer of mortgages not buying a soft landing; what are mortgage rates in 2024?

The largest buyer of mortgages not buying a soft landing; what are mortgage rates in 2024?

Both the stock and bond markets are partying like its 99 again. Fannie Mae, the largest buyer of US mortgages, is not buying into the theory that a soft landing is the base case for the economy.  What is Fannie Mae predicting for inflation and in turn interest rates? ...
Banks face higher capital requirements:  50% of banks disappear.

Banks face higher capital requirements:  50% of banks disappear.

Major banks are facing one of the biggest regulatory overhauls since the financial crisis of 2008, setting up a major clash over the amount of capital that they have to set aside to weather downturns.  At the same time regional banks are already struggling with...
New Senate bill, predatory investing, to curb corporate investors from buying up single-family homes

New Senate bill, predatory investing, to curb corporate investors from buying up single-family homes

Lawmakers introduced a bill Tuesday aimed at curtailing investor activity in the housing market that they say is driving up home prices. The Stop Predatory Investing Act is targeting single family investors.  What is in the newly proposed bill and how will this impact...