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FHFA director Bill Pulte on FICO's changes to credit score licensing
CNBC Television· 2025-10-03 17:01
Joining us this morning in an exclusive interview is FHFA director Bill Py. Director, welcome back. Good to see you. Thank you.Good to see you always, Carl. We had Will on yesterday. We thought he might sort of fudge the motivation for this move, but he did attribute it directly to your posts.Well, either that or he doesn't want to look like the bad guy. He wants somebody else to look like the bad guy. But look, I appreciate it.No matter what, I think it's a big win for the American people. And this is just ...
X @Investopedia
Investopedia· 2025-09-28 22:00
Economic Downturn - The report explores the rapid decline of the strong American economy following the 2008 housing market crash [1]
X @Investopedia
Investopedia· 2025-09-19 22:30
Financial Performance - Lennar's earnings missed estimates [1] Market Trends - The report points to weakness in the housing market [1] - Lennar's shares slid on Friday [1]
Opendoor names Christy Schwartz as new interim CFO, how rate cuts impact the housing market
Yahoo Finance· 2025-09-19 21:46
All right, good afternoon and welcome to Asking for a Trend. I'm Miles Alen filling in for Josh Lipton. For the next half hour, we're breaking down the trends of today that'll move stocks next week.There's a lot to keep track of. So, we're focusing on what you need to know to get ahead of the curve. Here are some of the trends we'll be diving into.Wall Street ending the week on a high note. Stocks in record territory after President Trump and China's Xiinping have a seemingly productive call on Friday morni ...
The 'risk management cut' that Jay Powell talked about was the right thing to do: Roger Ferguson
CNBC Television· 2025-09-18 11:13
Federal Reserve Policy & Interest Rates - The Federal Reserve cut interest rates by 0.25 percentage points, a decision characterized as "risk management" [1] - The vote for the rate cut was 11 to 1, with one Fed Governor voting for a 0.5 percentage point reduction [1] - The Fed is signaling the possibility of two more rate cuts before the end of the year [2] - The concept of a "risk management cut" suggests the balance of risk has shifted towards weakness in the labor market [7] Economic Outlook & Risks - The economy faces two-sided risk, with a weak labor market and high inflation, creating a difficult situation for policymakers [2][6] - Inflation remains high, potentially increasing gradually, while the labor market shows some weaknesses [5] - Recent retail sales data surprised on the upside, indicating some remaining strength in the economy [13] - The economy is more complicated than headlines suggest, with consumption largely driven by wealthier Americans [16][17] Housing Market - The US is estimated to be 2 to 3 million houses short of the required amount, making it a complex supply and demand story [16] - A 0.25 percentage point rate reduction is not expected to dramatically change the housing outlook [16]
Steve Grasso: Fed Funds rate will settle around 3% and will unlock the housing market
CNBC Television· 2025-09-17 19:00
Interest Rate Expectations & Monetary Policy - The market anticipates the Federal Reserve funds rate to be around 3% in the future, potentially influencing the housing market [5] - A neutral rate around 3% to 375% suggests current monetary policy remains tight [3] - The market is pricing in events 6 to 8 months ahead, indicating forward-looking expectations beyond current observations [9] Housing Market Dynamics - Approximately 85% of mortgage holders have rates below 55%, creating a barrier to moving unless rates narrow considerably [5] - A rate of 55% is seen as a potential catalyst to unlock the housing market [7] - Refinancing below 3% in January 2021 highlights the sensitivity of homeowners to mortgage rates [6] Market & Sector Implications - Small caps, particularly the Russell 2000, are up 19% [7] - Lower interest rates are expected to benefit tech investments and consumer discretionary sectors like Best Buy, Home Depot, Ford, and GM [10] - 40% of the Russell 2000 is unprofitable, making them highly reliant on interest rates and variable margins [9]
X @Anthony Pompliano 🌪
Anthony Pompliano 🌪· 2025-09-04 00:52
Federal Reserve & Monetary Policy - Discusses the Federal Reserve and what is going on with Lisa Cook [1] - Explores how to prepare for a federal reserve regime change [1] Housing Market - Analyzes the current state of the housing market and potential solutions [1] Inflation - Examines real inflation expectations [1] Market Outlook - Considers how the market could perform for the remainder of the year [1]
X @Investopedia
Investopedia· 2025-09-03 23:00
Economists and real estate professionals see changes that might bring potential buyers into the housing market. https://t.co/fXpx9FEKxp ...
Redfin CEO on housing outlook: Buyers will come into the market in the next 6 to 9 months
CNBC Television· 2025-08-21 17:02
Market Trends - Existing home sales climbed 2% from June to July [1] - Home price growth slowed to 0.21% for the month [1] - Inventory levels are at their highest since May 2020 [1] - Redfin is seeing a 30-35% increase in the number of offers [6] Affordability & Mortgage Rates - Lower mortgage rates have made it approximately $20,000 cheaper to buy a house [2] - Monthly mortgage payments are about $200 less [2][5] - The market is improving, but off a very low base [6] - The market is expected to improve even in the low sixes for interest rates [7] - To reach 5 million to 5.5 million home sales, interest rates likely need to drop below 6% [7] Regional Variations - Home prices are holding up in Pittsburgh, Milwaukee, and Cleveland [9] - Prices are softening in Dallas, Orlando, and Tampa [9] - High home insurance costs in Florida are impacting affordability and softening the market [9][10]
'Fast Money' traders react to July Fed minutes
CNBC Television· 2025-08-20 22:19
Fed's Monetary Policy & Impact - The Federal Reserve is perceived to have maintained interest rates too low for an extended period, followed by an abrupt tightening of monetary policy [1][3] - The market is closely monitoring the Federal Reserve's actions, recognizing their significant directional impact [1] - The discussion revolves around the concept of a neutral interest rate, suggesting that the prolonged period of near-zero percent interest rates is unrealistic and unsustainable [2] Housing Market & Mortgage Rates - The expectation of mortgage rates returning to 3% is deemed unlikely [3] - The Federal Reserve's policy is seen as negatively impacting the housing market, as many refinanced at 3%, creating reluctance to move with current rates around 55%-65% [4] Confidence in Central Banks - There is a lack of faith and confidence in global central banks [4] - Central bankers are viewed critically, potentially ranking high among the villains of the 21st century [5] - Despite overall skepticism, Jerome Powell is acknowledged for doing a good job in the recent 6-9 months, aligning with market perceptions [5] Interest Rate Control & Market Influence - The Federal Reserve primarily controls short-term interest rates but lacks control over longer-term rates [6] - A previous rate cut in September, when ten-year yields were at 36%, was followed by a 1% (100 basis points) increase in those yields [5]