Consumer confidence is low due to perceptions of rising inflation and high unemployment. Learn why S&P 500 is facing a ...
A new survey that found a majority of people think the country is embroiled in a recession, even though the economy has seen ...
US officials worry the next recession could be intensified by a cascading series of failures in the mortgage industry caused ...
Unlike their counterparts, nonbank mortgage companies lack the stable deposits that can serve as a buffer during economic ...
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 ...
Song recalls that barely half a year ago, as rates were hiked aggressively by the US Fed in its bid to wrestle down inflation ...
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 ...
JPMorgan CEO Jamie Dimon thinks the odds of a recession are higher than people think despite markets reaching record highs ...
The following year, the United States entered a recession caused by the pandemic. When short-term rates increase, US banks raise benchmark rates for a wide range of consumer and commercial loans ...
The United States will boycott a United Nations tribute to Iranian President Ebrahim Raisi, who was killed in a helicopter ...