Nearly three in five Americans falsely believe their country is in a recession and that the economy is shrinking, with the ...
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 ...
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 ...
Song recalls that barely half a year ago, as rates were hiked aggressively by the US Fed in its bid to wrestle down inflation ...
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.
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 ...