Protected: QE or Not QE, That is the Question
There is no excerpt because this is a protected post. The post Protected: QE or Not QE, That is the Question appeared first on The Great Recession Blog.
There is no excerpt because this is a protected post. The post Protected: QE or Not QE, That is the Question appeared first on The Great Recession Blog.
A little-noticed study titled “The Employment Effects of Generous and Unconditional Cash Support” was published in February 2023 by the German-based Institute of Labor Economics. The study reviewed the employment and other effects of a recent unconditional cash transfer program benefitting low-income families in Spain. That program is similar in many respects to universal basic […]
The Federal Reserve (Fed) has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets. On Wednesday, the Federal Open Market Committee (FOMC) announced the decision to raise the federal funds rate by 25 basis points to 4.75%-5%, its ninth consecutive rate hike. “The […]
The current bank crisis hit California-based Pacific Western Bank, a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans. Following the collapses of Silvergate Bank, Silicon Valley Bank and Signature Bank over the last few weeks, deposits at the financial institution had dropped to $27 billion as of […]
HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. HousingWire: How is today’s market shaping the need for a better customer experience particularly when it […]
The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced it has awarded $54 million to 182 fair housing organizations across 42 states under its Fair Housing Initiatives Program (FHIP). The goal is to provide support to organizations that address Fair Housing Act violations and funding Private Enforcement Initiative grantees to continue fair […]
The typical homebuyer’s down payment was down 10% year over year in January 2023, according to a report released Wednesday by Redfin. The report is based on data collected by Redfin from county record across 40 of the most populous metropolitan areas. Redfin found that the typical U.S. homebuyer made a $42,375 down payment in […]
Homebot, a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance, a mobile app for first-time homebuyers. “Quo will massively accelerate Homebot’s mission to connect people to make informed homeownership decisions,” Charlie Pratt, CEO of Homebot, said in a statement. Quo’s team, led by co-founders Tucker […]
There is no excerpt because this is a protected post. The post Protected: THE DAILY DOOM: A Calm before the Storm. The World Waits in Silence. appeared first on The Great Recession Blog.
Consumer demand for home loans rose for the third consecutive week due to declining mortgage rates, following the turbulence in the financial markets caused by regional bank failures. But the same bank crisis is bringing volatility to the mortgage-backed securities (MBS) market, preventing mortgage rates from going down even further, according to industry experts. The 10-year U.S. […]