US officials worry the next recession could be intensified by a cascading series of failures in the mortgage industry caused ...
Americans' view of the economy improved in May amid optimism about the jobs market. But they still worry about inflation and ...
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 ...
We also had US industrial production data released this week. It was flat in April from the previous month, while factory output fell by 0.3%. The Conference Board Leading Economic Index for the U.S.
JPMorgan CEO Jamie Dimon thinks the odds of a recession are higher than people think despite markets reaching record highs ...
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 ...
When the US yield curve is inverted, it normally takes one to two years before the onset of an economic recession; that had happened in the 1970, 1980s, 2006 and 2019.