Republican senators introduce bill to expand federal oversight of housing programs

Republican members of the U.S. Senate have introduced new legislation designed to expand the oversight of federal housing programs, make changes to loan officer compensation for the origination of small-dollar mortgages, and create additional counseling requirements for homebuyers.The Renewing Oppor

Fed cuts rates by half a percentage point

In a significant move that has sent ripples through various sectors of the economy, the Federal Reserve announced a half-percentage point cut in interest rates. This decision, articulated by economists Howard Schneider and Ann Saphir, comes at a time when many are looking for signs of stability in t

Fed goes big, slashing interest rates by 50 bps

The Federal Reserve lowered its benchmark interest rate on Wednesday by 50 basis points (bps) to a range of 4.75% to 5%, turning an important corner in the central bank’s fight against inflation. The cut is the first since March 2020 after the Fed raised interest rates to a 23-year high point to coo