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High mortgage rates are bad. They reduce affordability, lead to fewer home sales, and can cause lots of industry-related job losses. The year 2022 has probably been the worst on record as far as mortgage rates go, with the 30-year fixed…
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Wells Fargo cut hundreds more mortgage employees Thursday, the latest in a series of reductions across the industry after higher interest rates brought the pandemic-era home-lending boom to halt. The reductions took place across the…
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NEW YORK — Economic uncertainty, climate change and cryptocurrencies are the three biggest risks facing the banking system, the Federal Reserve Bank of New York's top supervisor said. In a speech delivered Thursday morning, Diane Dobbeck,…
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