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The Economic Slowdown Might Be Underway

The Economic Slowdown Might Be Underway
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Broker Pricing, Non-QM, Lead sourcing, Tech Products; STRATMOR on Employee Culture; The Fed and Rates

For those attending the Western Secondary, remember, it never rains in Southern California. Except for now. Here’s one person who won’t be seeing So Cal any time soon, and dare I say, every honest person in our biz is happy when this happens. Daniela Rendon, 31, was a Miami real estate broker but was sentenced to three-and-a-half years in prison for stealing $381,000 in COVID relief funds, wire fraud, money laundering, and identity theft. Rendon probably won’t care too much about what the Federal Reserve does while she’s working in the laundry room or serving up oatmeal, but the Fed will probably restate, through Chairperson Powell speaking at the end of the week, its intent to keep interest rates high for an extended period to make sure inflation does not flare up again. In other legal and compliance news, Freedom Mortgage’s RESPA Consent Order with the CFPB is getting some attention from Mortgage Musings author and attorney Brian Levy. (Today’ ....

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Nottingham Advisors: Monthly Market Wrap – August 31, 2022

Although an inverted yield curve and consecutive quarterly declines in GDP might fit the “old” definition of a recession, the economic data published in August didn’t quite corroborate that view. ....

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Monthly Market Wrap - May 2022

Inflation remained the topic du jour during May, with no let-up in high prices in sight. ....

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The Race Between the Fed and Inflation

The Federal Open Market Committee will meet this week and likely announce a 50 basis point hike in the Fed Funds rate. ....

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